MicroStrategy (NASDAQ:MSTR) Upgraded at Compass Point

Compass Point upgraded shares of MicroStrategy (NASDAQ:MSTR) to a strong-buy rating in a research report released on Wednesday,Zacks.com reports.

A number of other brokerages also recently issued reports on MSTR. Benchmark reaffirmed a “buy” rating and set a $650.00 price target on shares of MicroStrategy in a research report on Tuesday, January 14th. TD Cowen upped their price target on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Maxim Group upped their price target on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Barclays boosted their price objective on shares of MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Finally, Mizuho initiated coverage on shares of MicroStrategy in a report on Wednesday. They set an “outperform” rating and a $515.00 price objective on the stock. One research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, MicroStrategy currently has an average rating of “Moderate Buy” and an average price target of $483.22.

MicroStrategy Stock Performance

Shares of NASDAQ:MSTR opened at $334.79 on Wednesday. The company has a market capitalization of $80.23 billion, a price-to-earnings ratio of -158.89 and a beta of 3.25. MicroStrategy has a 52 week low of $46.75 and a 52 week high of $543.00. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The firm has a 50 day moving average of $359.82 and a 200 day moving average of $249.65.

MicroStrategy (NASDAQ:MSTR) last issued 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 business had revenue of $116.07 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the company posted ($8.98) earnings per share.

Insider Buying and Selling at MicroStrategy

In other news, CFO Andrew Kang sold 5,700 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total transaction of $1,465,755.00. Following the sale, the chief financial officer now directly owns 12,080 shares of the company’s stock, valued at $3,106,372. This represents a 32.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Wei-Ming Shao sold 18,000 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the sale, the executive vice president now directly owns 6,460 shares in the company, valued at approximately $2,377,344.60. The trade was a 73.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,000 shares of company stock valued at $32,259,177. 9.16% of the stock is owned by insiders.

Institutional Investors Weigh In On MicroStrategy

Hedge funds have recently modified their holdings of the company. Private Wealth Management Group LLC lifted its stake in MicroStrategy by 208.8% in the 4th quarter. Private Wealth Management Group LLC now owns 105 shares of the software maker’s stock valued at $30,000 after buying an additional 71 shares in the last quarter. Compagnie Lombard Odier SCmA purchased a new stake in shares of MicroStrategy during the fourth quarter worth approximately $32,000. Activest Wealth Management purchased a new stake in shares of MicroStrategy during the fourth quarter worth approximately $33,000. SOA Wealth Advisors LLC. purchased a new stake in shares of MicroStrategy during the fourth quarter worth approximately $37,000. Finally, Game Plan Financial Advisors LLC purchased a new stake in shares of MicroStrategy during the fourth quarter worth approximately $37,000. 59.84% of the stock is 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.