MicroStrategy (NASDAQ:MSTR) PT Raised to $240.00

MicroStrategy (NASDAQ:MSTR) had its price objective boosted by BTIG Research from $180.00 to $240.00 in a report released on Monday morning, Benzinga reports. They currently have a buy rating on the software maker’s stock.

Other analysts also recently issued reports about the company. Maxim Group upped their price objective on MicroStrategy from $183.50 to $193.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Benchmark upped their target price on shares of MicroStrategy from $215.00 to $245.00 and gave the company a “buy” rating in a report on Friday, October 18th. Canaccord Genuity Group cut their price objective on shares of MicroStrategy from $185.00 to $173.00 and set a “buy” rating for the company in a research report on Monday, September 16th. Cantor Fitzgerald assumed coverage on shares of MicroStrategy in a research report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 target price on the stock. Finally, TD Cowen boosted their price target on MicroStrategy from $195.00 to $200.00 and gave the company a “buy” rating in a report on Monday, September 23rd. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

MicroStrategy Stock Performance

NASDAQ:MSTR opened at $235.89 on Monday. MicroStrategy has a twelve month low of $39.82 and a twelve month high of $236.29. The company has a market capitalization of $41.84 billion, a P/E ratio of -35.21 and a beta of 3.11. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.31. The firm has a 50-day moving average price of $159.07 and a two-hundred day moving average price of $149.56.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data on Thursday, August 1st. The software maker reported ($0.57) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.48). MicroStrategy had a negative return on equity of 14.72% and a negative net margin of 43.69%. The company had revenue of $111.44 million for the quarter, compared to analyst estimates of $121.99 million. During the same quarter in the prior year, the firm earned $0.15 earnings per share. The company’s revenue for the quarter was down 7.4% on a year-over-year basis.

Insider Activity

In related news, EVP Wei-Ming Shao sold 3,000 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total value of $423,600.00. Following the transaction, the executive vice president now directly owns 6,460 shares of the company’s stock, valued at approximately $912,152. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other MicroStrategy news, CEO Phong Le sold 50,000 shares of the business’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 completion of the sale, the chief executive officer now directly owns 12,670 shares in the company, valued at $1,752,007.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Wei-Ming Shao sold 3,000 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 6,460 shares of the company’s stock, valued at $912,152. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 101,838 shares of company stock valued at $13,950,265 in the last ninety days. Company insiders own 13.18% of the company’s stock.

Institutional Trading of MicroStrategy

Institutional investors have recently added to or reduced their stakes in the business. American International Group Inc. raised its position in MicroStrategy by 10.0% in the fourth quarter. American International Group Inc. now owns 6,072 shares of the software maker’s stock valued at $3,835,000 after purchasing an additional 553 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of MicroStrategy by 300.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 124 shares of the software maker’s stock valued at $78,000 after buying an additional 93 shares in the last quarter. HighPoint Advisor Group LLC purchased a new stake in shares of MicroStrategy during the 4th quarter valued at about $88,000. Banque Cantonale Vaudoise acquired a new position in MicroStrategy during the 1st quarter worth approximately $123,000. Finally, Park Avenue Securities LLC purchased a new position in MicroStrategy in the 1st quarter worth approximately $627,000. 72.03% of the stock is owned by hedge funds and other institutional investors.

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.