MicroStrategy (NASDAQ:MSTR) PT Raised to $1,880.00

MicroStrategy (NASDAQ:MSTR) had its target price boosted by equities researchers at TD Cowen from $1,450.00 to $1,880.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the software maker’s stock. TD Cowen’s price objective suggests a potential upside of 26.71% from the company’s current price.

MSTR has been the subject of several other research reports. Sanford C. Bernstein upgraded MicroStrategy to a “strong-buy” rating in a research report on Friday, June 14th. BTIG Research increased their price target on shares of MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a report on Friday, April 5th. Benchmark restated a “buy” rating and set a $1,875.00 target price on shares of MicroStrategy in a research report on Thursday, April 25th. Canaccord Genuity Group lifted their price target on shares of MicroStrategy from $1,590.00 to $2,047.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Finally, StockNews.com upgraded MicroStrategy to a “sell” rating in a report on Monday, March 18th. One research analyst has rated the stock with a sell rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,098.40.

MicroStrategy Stock Up 1.3 %

MSTR stock opened at $1,483.76 on Friday. MicroStrategy has a one year low of $301.08 and a one year high of $1,999.99. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.78 and a current ratio of 0.78. The company has a fifty day moving average of $1,425.51 and a 200-day moving average of $1,094.71. The stock has a market capitalization of $26.32 billion, a PE ratio of -221.46 and a beta of 3.08.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data on Monday, April 29th. The software maker reported ($8.26) earnings per share for the quarter. The business had revenue of $115.25 million during the quarter, compared to analysts’ expectations of $124.80 million. MicroStrategy had a negative net margin of 17.40% and a negative return on equity of 8.37%.

Insider Buying and Selling at MicroStrategy

In other MicroStrategy news, Chairman Michael J. Saylor sold 1,140 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $1,951.33, for a total transaction of $2,224,516.20. Following the sale, the chairman now owns 1,140 shares in the company, valued at approximately $2,224,516.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 42,805 shares of company stock valued at $62,977,536 over the last quarter. Corporate insiders own 13.18% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. acquired a new stake in shares of MicroStrategy during the first quarter worth $29,000. Principal Securities Inc. purchased a new stake in MicroStrategy in the 4th quarter valued at about $31,000. Harvest Fund Management Co. Ltd increased its stake in shares of MicroStrategy by 307.7% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 53 shares of the software maker’s stock valued at $33,000 after acquiring an additional 40 shares during the last quarter. Rise Advisors LLC lifted its holdings in shares of MicroStrategy by 233.3% during the 1st quarter. Rise Advisors LLC now owns 20 shares of the software maker’s stock worth $34,000 after acquiring an additional 14 shares during the period. Finally, Signaturefd LLC boosted its position in shares of MicroStrategy by 85.3% in the fourth quarter. Signaturefd LLC now owns 63 shares of the software maker’s stock worth $40,000 after acquiring an additional 29 shares during the last quarter. 72.03% of the stock is currently 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.