MicroStrategy (NASDAQ:MSTR) PT Raised to $173.00 at Barclays

MicroStrategy (NASDAQ:MSTR) had its price objective boosted by investment analysts at Barclays from $146.00 to $173.00 in a research report issued on Monday, Benzinga reports. The firm presently has an “overweight” rating on the software maker’s stock. Barclays‘s target price would indicate a potential upside of 14.92% from the stock’s previous close.

MSTR has been the topic of several other reports. Benchmark raised their price objective on MicroStrategy from $187.50 to $215.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Cantor Fitzgerald assumed coverage on MicroStrategy in a research note on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price target on the stock. Maxim Group upped their price objective on shares of MicroStrategy from $183.50 to $193.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Sanford C. Bernstein raised shares of MicroStrategy to a “strong-buy” rating in a research report on Friday, June 14th. Finally, Canaccord Genuity Group lowered their price target 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. One research analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, MicroStrategy currently has an average rating of “Moderate Buy” and an average price target of $202.13.

MicroStrategy Trading Up 4.0 %

Shares of NASDAQ:MSTR traded up $5.76 on Monday, hitting $150.54. 3,214,126 shares of the company’s stock were exchanged, compared to its average volume of 16,326,037. The stock has a market capitalization of $26.70 billion, a price-to-earnings ratio of -22.47 and a beta of 3.10. MicroStrategy has a 12 month low of $30.71 and a 12 month high of $200.00. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.47 and a quick ratio of 0.47. The business’s 50 day simple moving average is $142.47 and its two-hundred day simple moving average is $145.12.

MicroStrategy (NASDAQ:MSTR) last released 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). The company had revenue of $111.44 million during the quarter, compared to analysts’ expectations of $121.99 million. MicroStrategy had a negative net margin of 43.69% and a negative return on equity of 14.72%. MicroStrategy’s quarterly revenue was down 7.4% on a year-over-year basis. During the same period last year, the firm earned $0.15 earnings per share.

Insider Buying and Selling

In other MicroStrategy news, EVP Wei-Ming Shao sold 3,000 shares of the firm’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 sale, the executive vice president now directly owns 6,460 shares in the company, valued at $912,152. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Phong Le sold 48,838 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 12,670 shares of the company’s stock, valued at approximately $1,715,518. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 stock was sold at an average price of $141.20, for a total transaction of $423,600.00. Following the sale, the executive vice president now directly owns 6,460 shares in the company, valued at approximately $912,152. The disclosure for this sale can be found here. Insiders sold a total of 101,838 shares of company stock worth $13,950,265 in the last 90 days. 13.18% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MicroStrategy

Several institutional investors and hedge funds have recently made changes to their positions in MSTR. Capital International Investors raised its stake in MicroStrategy by 14.9% in the 1st quarter. Capital International Investors now owns 1,791,564 shares of the software maker’s stock worth $3,053,828,000 after acquiring an additional 232,667 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of MicroStrategy by 34.8% in the first quarter. Vanguard Group Inc. now owns 1,553,048 shares of the software maker’s stock worth $2,647,263,000 after purchasing an additional 401,071 shares during the last quarter. Norges Bank acquired a new stake in shares of MicroStrategy during the fourth quarter worth about $70,990,000. Price T Rowe Associates Inc. MD boosted its position in MicroStrategy by 13.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 88,762 shares of the software maker’s stock valued at $151,301,000 after buying an additional 10,835 shares during the last quarter. Finally, Capital World Investors increased its holdings in MicroStrategy by 0.8% in the 1st quarter. Capital World Investors now owns 70,636 shares of the software maker’s stock worth $120,403,000 after buying an additional 536 shares during the period. 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.