MicroStrategy (NASDAQ:MSTR) Stock Price Expected to Rise, Benchmark Analyst Says

MicroStrategy (NASDAQ:MSTR) had its price objective raised by stock analysts at Benchmark from $450.00 to $650.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the software maker’s stock. Benchmark’s price objective would indicate a potential upside of 83.78% from the company’s current price.

MSTR has been the subject of a number of other research reports. Maxim Group lifted 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. Sanford C. Bernstein lifted their price target on MicroStrategy from $290.00 to $600.00 and gave the company an “outperform” rating in a research note on Monday. BTIG Research lifted their price target on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Barclays lifted their price target on MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a research note on Monday. Finally, TD Cowen lifted their price target on MicroStrategy from $200.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $479.25.

MicroStrategy Stock Performance

Shares of MSTR opened at $353.69 on Monday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a 50-day moving average of $239.06 and a 200-day moving average of $178.58. The company has a market cap of $71.67 billion, a PE ratio of -167.63 and a beta of 3.05. MicroStrategy has a one year low of $43.87 and a one year high of $543.00.

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

Insider Buying and Selling at MicroStrategy

In other MicroStrategy news, CAO Jeanine Montgomery sold 56,250 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the sale, the chief accounting officer now owns 5,670 shares of the company’s stock, valued at $1,459,514.70. The trade was a 90.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Stephen X. Graham sold 20,000 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the sale, the director now directly owns 6,970 shares in the company, valued at $3,145,979.20. The trade was a 74.16 % 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 in the last 90 days. 13.18% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Peapack Gladstone Financial Corp grew its position in shares of MicroStrategy by 900.0% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 2,350 shares of the software maker’s stock valued at $396,000 after purchasing an additional 2,115 shares in the last quarter. Sanctuary Advisors LLC grew its position in shares of MicroStrategy by 3,250.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 14,442 shares of the software maker’s stock valued at $2,435,000 after purchasing an additional 14,011 shares in the last quarter. Virtu Financial LLC grew its position in shares of MicroStrategy by 10,398.4% during the 3rd quarter. Virtu Financial LLC now owns 224,245 shares of the software maker’s stock valued at $37,808,000 after purchasing an additional 222,109 shares in the last quarter. Arete Wealth Advisors LLC grew its position in MicroStrategy by 1,063.6% in the third quarter. Arete Wealth Advisors LLC now owns 10,740 shares of the software maker’s stock worth $1,814,000 after acquiring an additional 9,817 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its position in MicroStrategy by 900.0% in the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after acquiring an additional 144 shares in the last quarter. 72.03% of the stock is currently owned by hedge funds and other institutional investors.

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.