MicroStrategy (NASDAQ:MSTR) Price Target Raised to $270.00

MicroStrategy (NASDAQ:MSTR) had its target price hoisted by Maxim Group from $193.00 to $270.00 in a research report sent to investors on Thursday morning, MarketBeat.com reports. The brokerage currently has a buy rating on the software maker’s stock.

Several other equities analysts also recently commented on MSTR. BTIG Research increased their target price on MicroStrategy from $180.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Barclays raised their price objective on shares of MicroStrategy from $173.00 to $225.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Canaccord Genuity Group reduced their target price on shares of MicroStrategy from $185.00 to $173.00 and set a “buy” rating on the stock in a report on Monday, September 16th. TD Cowen upped their price target on shares of MicroStrategy from $195.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Finally, Cantor Fitzgerald started coverage on shares of MicroStrategy in a report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $264.88.

MicroStrategy Trading Down 6.0 %

Shares of MicroStrategy stock opened at $229.71 on Thursday. The firm has a market capitalization of $40.74 billion, a PE ratio of -109.02 and a beta of 3.05. The company has a current ratio of 0.65, a quick ratio of 0.47 and a debt-to-equity ratio of 1.12. The firm’s 50 day moving average is $171.91 and its 200 day moving average is $153.59. MicroStrategy has a 1 year low of $42.40 and a 1 year high of $267.89.

MicroStrategy (NASDAQ:MSTR) last posted its earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($1.44). MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The company had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. During the same period in the previous year, the firm posted ($8.98) EPS. The business’s quarterly revenue was down 10.3% compared to the same quarter last year.

Insider Activity

In related news, CEO Phong Le sold 50,000 shares of MicroStrategy stock in a transaction 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 transaction, the chief executive officer now owns 12,670 shares of the company’s stock, valued at $1,752,007.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Phong Le sold 50,000 shares of the firm’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 transaction of $6,914,000.00. Following the completion of the sale, the chief executive officer now owns 12,670 shares of the company’s stock, valued at $1,752,007.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Wei-Ming Shao sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total value of $423,600.00. Following the completion of the transaction, the executive vice president now directly owns 6,460 shares in the company, valued at approximately $912,152. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 101,838 shares of company stock valued at $13,950,265. 13.18% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MicroStrategy

Large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its position in shares of MicroStrategy by 300.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 124 shares of the software maker’s stock worth $78,000 after purchasing an additional 93 shares in the last quarter. Diversified Trust Co bought a new position in MicroStrategy in the first quarter worth approximately $655,000. Allspring Global Investments Holdings LLC acquired a new stake in MicroStrategy in the first quarter valued at approximately $58,000. Kovack Advisors Inc. bought a new stake in shares of MicroStrategy during the first quarter valued at approximately $595,000. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of MicroStrategy during the first quarter worth approximately $377,000. 72.03% of the stock is currently owned by institutional investors and hedge funds.

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.