MicroStrategy Incorporated (NASDAQ:MSTR) Receives $271.13 Average Price Target from Brokerages

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) have been assigned an average rating of “Buy” from the eight brokerages that are covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $271.13.

Several analysts have commented on MSTR shares. Cantor Fitzgerald started coverage on MicroStrategy in a research note on Wednesday, August 21st. They set an “overweight” rating and a $194.00 target price on the stock. Benchmark increased their price objective on MicroStrategy from $245.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Barclays boosted their target price on MicroStrategy from $225.00 to $275.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Maxim Group raised their price target on shares of MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, BTIG Research boosted their price objective on shares of MicroStrategy from $180.00 to $240.00 and gave the company a “buy” rating in a report on Monday, October 21st.

Insider Activity

In other MicroStrategy news, CEO Phong Le sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $138.28, for a total transaction of $6,914,000.00. Following the sale, the chief executive officer now owns 12,670 shares in the company, valued at approximately $1,752,007.60. This trade represents a 79.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Wei-Ming Shao sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total transaction of $423,600.00. Following the completion of the transaction, the executive vice president now owns 6,460 shares of the company’s stock, valued at approximately $912,152. The trade was a 31.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 114,950 shares of company stock valued at $23,282,668 in the last 90 days. Company insiders own 13.18% of the company’s stock.

Institutional Trading of MicroStrategy

Several institutional investors and hedge funds have recently modified their holdings of the company. US Bancorp DE increased its stake in MicroStrategy by 782.8% in the 3rd quarter. US Bancorp DE now owns 4,255 shares of the software maker’s stock worth $717,000 after buying an additional 3,773 shares in the last quarter. Hartline Investment Corp grew its position in shares of MicroStrategy by 1,064.6% during the third quarter. Hartline Investment Corp now owns 5,322 shares of the software maker’s stock worth $897,000 after purchasing an additional 4,865 shares in the last quarter. National Pension Service raised its stake in MicroStrategy by 900.0% during the 3rd quarter. National Pension Service now owns 245,000 shares of the software maker’s stock valued at $41,307,000 after purchasing an additional 220,500 shares during the period. Janney Montgomery Scott LLC raised its stake in MicroStrategy by 848.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 37,005 shares of the software maker’s stock valued at $6,239,000 after purchasing an additional 33,105 shares during the period. Finally, Concurrent Investment Advisors LLC lifted its holdings in MicroStrategy by 1,517.4% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 3,623 shares of the software maker’s stock worth $611,000 after purchasing an additional 3,399 shares in the last quarter. 72.03% of the stock is currently owned by institutional investors.

MicroStrategy Trading Down 0.2 %

NASDAQ MSTR opened at $327.67 on Tuesday. MicroStrategy has a 12 month low of $43.87 and a 12 month high of $383.40. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The stock’s fifty day moving average price is $200.30 and its 200-day moving average price is $163.83. The stock has a market cap of $66.40 billion, a P/E ratio of -155.51 and a beta of 3.05.

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

MicroStrategy Company Profile

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.