Benchmark Raises MicroStrategy (NASDAQ:MSTR) Price Target to $245.00

MicroStrategy (NASDAQ:MSTR) had its price target raised by analysts at Benchmark from $215.00 to $245.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the software maker’s stock. Benchmark’s target price suggests a potential upside of 15.38% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. Canaccord Genuity Group lowered their price objective on shares of MicroStrategy from $185.00 to $173.00 and set a “buy” rating on the stock in a research note on Monday, September 16th. TD Cowen raised their target price on shares of MicroStrategy from $195.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Sanford C. Bernstein decreased their target price 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 lifted their price target on shares of MicroStrategy from $183.50 to $193.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Barclays lifted their price target on shares of MicroStrategy from $173.00 to $225.00 and gave the company an “overweight” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $212.50.

MicroStrategy Price Performance

Shares of NASDAQ:MSTR traded up $18.93 on Friday, reaching $212.35. 12,208,148 shares of the company were exchanged, compared to its average volume of 16,337,416. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.31. MicroStrategy has a 1-year low of $32.81 and a 1-year high of $227.15. The firm has a market cap of $37.66 billion, a price-to-earnings ratio of -31.90 and a beta of 3.11. The company has a 50-day moving average of $150.27 and a 200-day moving average of $147.36.

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

Insider Activity at MicroStrategy

In other 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 of the company’s stock, valued at approximately $1,715,518. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $6,612,665.20. Following the transaction, the chief executive officer now directly owns 12,670 shares in the company, valued at approximately $1,715,518. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Wei-Ming Shao sold 3,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were 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 owns 6,460 shares in the company, valued at $912,152. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 101,838 shares of company stock worth $13,950,265 over the last three months. Company insiders own 13.18% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MSTR. Claro Advisors LLC purchased a new position in MicroStrategy in the first quarter worth about $877,000. BNP Paribas Financial Markets boosted its holdings in shares of 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. Miracle Mile Advisors LLC purchased a new position in shares of MicroStrategy in the 1st quarter valued at approximately $228,000. Vanguard Group Inc. boosted its holdings in shares of MicroStrategy by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 1,151,977 shares of the software maker’s stock valued at $727,612,000 after acquiring an additional 24,997 shares during the last quarter. Finally, Brookstone Capital Management boosted its stake in shares of MicroStrategy by 107.0% in the first quarter. Brookstone Capital Management now owns 708 shares of the software maker’s stock worth $1,207,000 after buying an additional 366 shares during the last quarter. 72.03% of the stock is currently owned by institutional investors and hedge funds.

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.