MicroStrategy (NASDAQ:MSTR) Trading 4.3% Higher on Analyst Upgrade

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) traded up 4.3% on Monday after Barclays raised their price target on the stock from $173.00 to $225.00. Barclays currently has an overweight rating on the stock. MicroStrategy traded as high as $227.15 and last traded at $221.68. 10,814,670 shares traded hands during trading, a decline of 34% from the average session volume of 16,262,952 shares. The stock had previously closed at $212.59.

Several other research analysts have also recently weighed in on MSTR. Benchmark boosted their price target on shares of MicroStrategy from $187.50 to $215.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. TD Cowen upped their target price 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. 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. Canaccord Genuity Group decreased their target price on shares of 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 initiated coverage on shares of MicroStrategy in a research report on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 target price on the stock. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $208.75.

Insider Transactions at MicroStrategy

In other news, CEO Phong Le sold 48,838 shares of the 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 shares were 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Phong Le sold 48,838 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $135.40, for a total transaction of $6,612,665.20. Following the sale, the chief executive officer now owns 12,670 shares in the company, valued at $1,715,518. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 101,838 shares of company stock valued at $13,950,265. 13.18% of the stock is currently owned by corporate insiders.

Institutional Trading of MicroStrategy

Large investors have recently made changes to their positions in the company. UMB Bank n.a. increased its stake in shares of MicroStrategy by 900.0% during the third quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock worth $25,000 after buying an additional 135 shares during the period. ST Germain D J Co. Inc. purchased a new position in MicroStrategy in the first quarter valued at approximately $29,000. Rise Advisors LLC increased its stake in MicroStrategy by 233.3% in the first quarter. Rise Advisors LLC now owns 20 shares of the software maker’s stock valued at $34,000 after purchasing an additional 14 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of MicroStrategy during the second quarter worth approximately $37,000. Finally, GAMMA Investing LLC grew its position in shares of MicroStrategy by 36.4% during the second quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock worth $41,000 after acquiring an additional 8 shares during the last quarter. 72.03% of the stock is currently owned by hedge funds and other institutional investors.

MicroStrategy Trading Down 3.6 %

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 firm has a market capitalization of $34.46 billion, a PE ratio of -29.00 and a beta of 3.11. The business’s 50-day moving average price is $147.74 and its 200-day moving average price is $146.70.

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

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.