MicroStrategy (NASDAQ:MSTR) Price Target Raised to $245.00

MicroStrategy (NASDAQ:MSTR) had its target price lifted by Benchmark from $215.00 to $245.00 in a research note released on Friday morning, Benzinga reports. The firm currently has a buy rating on the software maker’s stock.

MSTR has been the subject of several other reports. Sanford C. Bernstein reduced their target price on MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating for the company in a research report on Wednesday, October 9th. Maxim Group boosted their price objective on MicroStrategy from $183.50 to $193.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Barclays raised their target price on shares of MicroStrategy from $173.00 to $225.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. TD Cowen boosted their price target on shares of MicroStrategy from $195.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Finally, Cantor Fitzgerald started coverage on shares of MicroStrategy in a research report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. According to MarketBeat, MicroStrategy presently has a consensus rating of “Moderate Buy” and a consensus target price of $212.50.

MicroStrategy Price Performance

MSTR stock opened at $215.86 on Friday. The firm has a 50 day moving average of $151.88 and a 200-day moving average of $147.65. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $38.29 billion, a P/E ratio of -32.22 and a beta of 3.11. MicroStrategy has a 12 month low of $32.81 and a 12 month high of $227.15.

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

Insider Transactions at MicroStrategy

In related news, EVP Wei-Ming Shao sold 3,000 shares of MicroStrategy stock in a transaction 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 transaction, the executive vice president now owns 6,460 shares in the company, valued at $912,152. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Phong Le sold 50,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $138.28, for a total value 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 approximately $1,752,007.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Wei-Ming Shao sold 3,000 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total value of $423,600.00. Following the sale, the executive vice president now owns 6,460 shares of the company’s stock, 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. In the last ninety days, insiders sold 101,838 shares of company stock worth $13,950,265. 13.18% of the stock is currently owned by insiders.

Institutional Trading of MicroStrategy

Several hedge funds and other institutional investors have recently bought and sold shares of MSTR. Signaturefd LLC increased its stake in shares of MicroStrategy by 13.6% in the second quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock worth $69,000 after buying an additional 6 shares during the period. GAMMA Investing LLC increased its position in shares of MicroStrategy by 36.4% in the second quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock valued at $41,000 after acquiring an additional 8 shares during the period. Cigna Investments Inc. New raised its stake in shares of MicroStrategy by 5.1% during the second quarter. Cigna Investments Inc. New now owns 164 shares of the software maker’s stock valued at $226,000 after acquiring an additional 8 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of MicroStrategy by 2.8% during the second quarter. Crossmark Global Holdings Inc. now owns 400 shares of the software maker’s stock worth $551,000 after purchasing an additional 11 shares during the period. Finally, Dakota Wealth Management boosted its holdings in shares of MicroStrategy by 0.3% during the second quarter. Dakota Wealth Management now owns 4,515 shares of the software maker’s stock worth $6,219,000 after purchasing an additional 15 shares during the period. Institutional investors own 72.03% of the company’s stock.

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.