MicroStrategy (NASDAQ:MSTR) Shares Up 6.1% on Analyst Upgrade

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price traded up 6.1% on Tuesday after Barclays raised their price target on the stock from $225.00 to $275.00. Barclays currently has an overweight rating on the stock. MicroStrategy traded as high as $243.46 and last traded at $236.66. 7,335,279 shares changed hands during trading, a decline of 56% from the average session volume of 16,572,816 shares. The stock had previously closed at $222.99.

Several other research firms have also issued reports on MSTR. Cantor Fitzgerald started coverage on MicroStrategy in a report on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 target price for the company. Canaccord Genuity Group upped their price objective on MicroStrategy from $173.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. BTIG Research lifted their target price on MicroStrategy from $180.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Maxim Group increased their price target on shares of MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Sanford C. Bernstein decreased their price objective on shares of MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating for the company in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, MicroStrategy currently has a consensus rating of “Moderate Buy” and an average target price of $271.13.

Insider Buying and Selling at MicroStrategy

In other news, CEO Phong Le sold 50,000 shares of MicroStrategy stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $138.28, for a total value of $6,914,000.00. Following the completion of the transaction, the chief executive officer now owns 12,670 shares in the company, valued at $1,752,007.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other MicroStrategy news, EVP Wei-Ming Shao sold 3,000 shares of the stock in a transaction 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 owns 6,460 shares in the company, valued at $912,152. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Phong Le sold 50,000 shares of MicroStrategy stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $138.28, for a total value of $6,914,000.00. Following the completion of the transaction, the chief executive officer now owns 12,670 shares of the company’s stock, valued at approximately $1,752,007.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,838 shares of company stock valued at $13,950,265 over the last three months. 13.18% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC bought a new stake in shares of MicroStrategy during the first quarter valued at about $58,000. Sequoia Financial Advisors LLC purchased a new position in MicroStrategy during the first quarter valued at approximately $377,000. Janney Montgomery Scott LLC increased its holdings in MicroStrategy by 16.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 3,219 shares of the software maker’s stock worth $5,487,000 after acquiring an additional 464 shares during the period. Jennison Associates LLC purchased a new stake in MicroStrategy in the 1st quarter worth approximately $806,000. Finally, Wealthspire Advisors LLC purchased a new stake in MicroStrategy in the 1st quarter worth approximately $203,000. Institutional investors own 72.03% of the company’s stock.

MicroStrategy Stock Performance

The company’s fifty day simple moving average is $173.44 and its 200 day simple moving average is $154.75. The stock has a market capitalization of $40.41 billion, a P/E ratio of -107.96 and a beta of 3.05. The company has a current ratio of 0.65, a quick ratio of 0.47 and a debt-to-equity ratio of 1.12.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($1.44). The business had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. MicroStrategy’s quarterly revenue was down 10.3% on a year-over-year basis. During the same period in the prior year, the business posted ($8.98) EPS.

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.