TD Cowen Issues Positive Forecast for MicroStrategy (NASDAQ:MSTR) Stock Price

MicroStrategy (NASDAQ:MSTR) had its price target lifted by TD Cowen from $200.00 to $300.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the software maker’s stock. TD Cowen’s price objective indicates a potential upside of 22.63% from the company’s previous close.

MSTR has been the topic of several other research reports. Barclays boosted their price target on MicroStrategy from $173.00 to $225.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Maxim Group boosted their target price on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday. Sanford C. Bernstein dropped their target price on MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 9th. Canaccord Genuity Group dropped their target price on MicroStrategy from $185.00 to $173.00 and set a “buy” rating on the stock in a research report on Monday, September 16th. Finally, Cantor Fitzgerald started coverage on MicroStrategy in a research report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 target price on the stock. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, MicroStrategy presently has an average rating of “Moderate Buy” and an average target price of $249.00.

MicroStrategy Stock Performance

MSTR stock traded down $2.67 during trading on Thursday, hitting $244.64. The company had a trading volume of 15,744,181 shares, compared to its average volume of 16,556,115. The firm has a market cap of $43.39 billion, a PE ratio of -178.04 and a beta of 3.11. MicroStrategy has a 1-year low of $41.01 and a 1-year high of $267.89. The firm has a 50-day moving average price of $168.11 and a 200-day moving average price of $152.28. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.31.

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 the consensus estimate of ($0.12) by ($1.44). The company had revenue of $116.07 million during the quarter, compared to analyst estimates of $121.45 million. MicroStrategy had a negative net margin of 43.69% and a negative return on equity of 14.72%. The business’s revenue was down 10.3% on a year-over-year basis. During the same quarter last year, the firm earned ($8.98) EPS.

Insider Buying and Selling

In related news, EVP Wei-Ming Shao sold 3,000 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now owns 6,460 shares in the company, valued at $912,152. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, EVP Wei-Ming Shao sold 3,000 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now owns 6,460 shares in the company, valued at $912,152. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Phong Le sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $138.28, for a total value of $6,914,000.00. Following the completion of the sale, the chief executive officer now owns 12,670 shares in the company, valued at approximately $1,752,007.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 101,838 shares of company stock worth $13,950,265 in the last quarter. Company insiders own 13.18% of the company’s stock.

Institutional Investors Weigh In On MicroStrategy

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets lifted its stake 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 buying an additional 3,333 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in MicroStrategy in the 1st quarter valued at approximately $377,000. Jennison Associates LLC purchased a new stake in MicroStrategy in the 1st quarter valued at approximately $806,000. PNC Financial Services Group Inc. lifted its stake in MicroStrategy by 300.0% in the 4th 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. Finally, Janney Montgomery Scott LLC lifted its stake in shares of MicroStrategy by 16.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 3,219 shares of the software maker’s stock worth $5,487,000 after purchasing an additional 464 shares during the period. Hedge funds and other institutional investors own 72.03% of the company’s stock.

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.