MicroStrategy (NASDAQ:MSTR) Coverage Initiated at Mizuho

Analysts at Mizuho started coverage on shares of MicroStrategy (NASDAQ:MSTR) in a research note issued to investors on Wednesday, MarketBeat reports. The firm set an “outperform” rating and a $515.00 price target on the software maker’s stock. Mizuho’s price target points to a potential upside of 51.43% from the stock’s current price.

Other research analysts have also issued research reports about the company. Benchmark reiterated a “buy” rating and issued a $650.00 target price on shares of MicroStrategy in a research report on Tuesday, January 14th. Barclays lifted their price objective on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. TD Cowen increased 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. Maxim Group raised their price target on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Canaccord Genuity Group increased their price objective on shares of MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, MicroStrategy has an average rating of “Moderate Buy” and an average target price of $483.22.

MicroStrategy Stock Down 0.3 %

MSTR stock opened at $340.09 on Wednesday. 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 firm has a 50 day simple moving average of $361.56 and a 200-day simple moving average of $248.44. The company has a market capitalization of $81.50 billion, a P/E ratio of -161.41 and a beta of 3.25. MicroStrategy has a twelve month low of $46.75 and a twelve month high of $543.00.

MicroStrategy (NASDAQ:MSTR) last issued its 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). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The company had revenue of $116.07 million during the quarter, compared to analyst estimates of $121.45 million. During the same quarter last year, the company posted ($8.98) EPS. The business’s revenue for the quarter was down 10.3% compared to the same quarter last year.

Insider Activity

In other MicroStrategy news, Director Stephen X. Graham sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value of $9,027,200.00. Following the completion of the sale, the director now directly owns 6,970 shares in the company, valued at $3,145,979.20. This represents a 74.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Andrew Kang sold 5,700 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total value of $1,465,755.00. Following the completion of the sale, the chief financial officer now owns 12,080 shares of the company’s stock, valued at approximately $3,106,372. This trade represents a 32.06 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 102,000 shares of company stock valued at $32,259,177. Company insiders own 9.16% of the company’s stock.

Institutional Investors Weigh In On MicroStrategy

Several hedge funds and other institutional investors have recently bought and sold shares of MSTR. Strategic Investment Solutions Inc. IL acquired a new stake in MicroStrategy during the second quarter valued at approximately $106,000. Private Wealth Management Group LLC lifted its position in shares of MicroStrategy by 208.8% during the 4th quarter. Private Wealth Management Group LLC now owns 105 shares of the software maker’s stock valued at $30,000 after acquiring an additional 71 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new stake in shares of MicroStrategy during the 4th quarter worth $32,000. Activest Wealth Management acquired a new position in shares of MicroStrategy in the 4th quarter worth $33,000. Finally, SOA Wealth Advisors LLC. acquired a new stake in shares of MicroStrategy during the fourth quarter worth $37,000. 59.84% of the stock is currently owned by 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.