MicroStrategy (NASDAQ:MSTR) Price Target Raised to $275.00

MicroStrategy (NASDAQ:MSTR) had its price objective increased by Barclays from $225.00 to $275.00 in a report published on Monday morning, Benzinga reports. They currently have an overweight rating on the software maker’s stock.

A number of other research analysts have also commented on MSTR. TD Cowen upped their price target on MicroStrategy from $200.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Canaccord Genuity Group upped their target price on MicroStrategy from $173.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Sanford C. Bernstein reduced their price objective on shares of MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 9th. Maxim Group upped their price objective on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Cantor Fitzgerald began coverage on shares of MicroStrategy in a research report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price target on the stock. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the company. According to data from MarketBeat.com, MicroStrategy presently has an average rating of “Moderate Buy” and an average price target of $271.13.

MicroStrategy Stock Up 13.2 %

Shares of MicroStrategy stock opened at $257.81 on Monday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.65. MicroStrategy has a 52-week low of $43.87 and a 52-week high of $267.89. The company’s 50 day moving average price is $175.19 and its 200-day moving average price is $155.53. The stock has a market capitalization of $45.73 billion, a price-to-earnings ratio of -122.36 and a beta of 3.05.

MicroStrategy (NASDAQ:MSTR) last announced 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 firm 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%. MicroStrategy’s revenue was down 10.3% on a year-over-year basis. During the same period last year, the business earned ($8.98) EPS.

Insider Buying and Selling

In other MicroStrategy news, CEO Phong Le sold 48,838 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $135.40, for a total value of $6,612,665.20. Following the sale, the chief executive officer now owns 12,670 shares in the company, valued at approximately $1,715,518. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Wei-Ming Shao sold 3,000 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total transaction of $423,600.00. Following the sale, the executive vice president now directly owns 6,460 shares of the company’s stock, valued at approximately $912,152. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Phong Le sold 48,838 shares of MicroStrategy stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $135.40, for a total transaction of $6,612,665.20. Following the completion of the transaction, the chief executive officer now directly owns 12,670 shares of the company’s stock, valued at $1,715,518. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 101,838 shares of company stock worth $13,950,265 in the last three months. 13.18% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MicroStrategy

Institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its position in MicroStrategy by 30.5% in the 1st quarter. BNP Paribas Financial Markets now owns 14,274 shares of the software maker’s stock valued at $24,331,000 after acquiring an additional 3,333 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of MicroStrategy during the first quarter valued at $377,000. Jennison Associates LLC bought a new stake in MicroStrategy in the 1st quarter worth about $806,000. Janney Montgomery Scott LLC raised its position in MicroStrategy by 16.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 3,219 shares of the software maker’s stock worth $5,487,000 after buying an additional 464 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of MicroStrategy by 139.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,970 shares of the software maker’s stock valued at $669,000 after acquiring an additional 2,310 shares during the last quarter. Hedge funds and other institutional investors own 72.03% of the company’s stock.

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.