Benchmark Reiterates Buy Rating for MicroStrategy (NASDAQ:MSTR)

MicroStrategy (NASDAQ:MSTR)‘s stock had its “buy” rating reissued by stock analysts at Benchmark in a report issued on Monday,Benzinga reports. They currently have a $650.00 price objective on the software maker’s stock. Benchmark’s target price would suggest a potential upside of 90.38% from the company’s current price.

Several other equities analysts have also recently weighed in on the company. Barclays raised their price objective on MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Maxim Group raised their price target on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Canaccord Genuity Group upped their price objective on MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. BTIG Research raised their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, TD Cowen boosted their target price on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 25th. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $479.25.

MicroStrategy Trading Down 9.9 %

NASDAQ MSTR opened at $341.42 on Monday. MicroStrategy has a 52 week low of $43.87 and a 52 week high of $543.00. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. The stock’s 50 day moving average price is $347.58 and its two-hundred day moving average price is $223.80. The stock has a market capitalization of $81.82 billion, a price-to-earnings ratio of -162.04 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($1.44). The business had revenue of $116.07 million during the quarter, compared to the consensus estimate of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The business’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($8.98) EPS.

Insider Activity

In related news, CEO Phong Le sold 1,252 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total value of $403,707.40. Following the completion of the sale, the chief executive officer now directly owns 13,918 shares in the company, valued at $4,487,859.10. The trade was a 8.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Jeanine Montgomery sold 56,250 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total value of $14,479,312.50. Following the transaction, the chief accounting officer now owns 5,670 shares in the company, valued at $1,459,514.70. The trade was a 90.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,000 shares of company stock valued at $32,259,177 over the last ninety days. 13.18% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MicroStrategy

Institutional investors and hedge funds have recently modified their holdings of the business. TD Asset Management Inc bought a new stake in MicroStrategy in the 2nd quarter valued at about $3,598,000. Arizona State Retirement System boosted its stake in shares of MicroStrategy by 6.4% in the second quarter. Arizona State Retirement System now owns 4,327 shares of the software maker’s stock valued at $5,960,000 after buying an additional 261 shares during the period. Candriam S.C.A. acquired a new stake in MicroStrategy during the second quarter worth approximately $1,150,000. Savant Capital LLC increased its stake in MicroStrategy by 2.6% during the 2nd quarter. Savant Capital LLC now owns 599 shares of the software maker’s stock worth $825,000 after acquiring an additional 15 shares during the period. Finally, Caprock Group LLC acquired a new position in MicroStrategy in the 2nd quarter valued at $1,289,000. 59.84% of the stock is currently owned by institutional investors and hedge funds.

About MicroStrategy

MicroStrategy Incorporated provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy ONE, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making; and MicroStrategy Cloud for Government service, which offers always-on threat monitoring that meets the rigorous technical and regulatory needs of governments and financial institutions.