MicroStrategy Incorporated (NASDAQ:MSTR) Given Average Rating of “Buy” by Analysts

MicroStrategy Incorporated (NASDAQ:MSTR) has been assigned a consensus rating of “Buy” from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Eight analysts have rated the stock with a buy recommendation. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $271.13.

Several research firms recently commented on MSTR. Sanford C. Bernstein reduced their price objective on MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating for the company in a research note on Wednesday, October 9th. Barclays raised their target price on MicroStrategy from $225.00 to $275.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Cantor Fitzgerald assumed coverage on MicroStrategy in a research note on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 target price for the company. Maxim Group raised their target price on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, BTIG Research raised 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.

MicroStrategy Trading Up 4.0 %

Shares of NASDAQ:MSTR opened at $340.65 on Tuesday. MicroStrategy has a 1 year low of $43.87 and a 1 year high of $383.40. The firm has a market capitalization of $69.03 billion, a price-to-earnings ratio of -161.67 and a beta of 3.05. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The business’s 50 day moving average price is $204.83 and its 200-day moving average price is $165.71.

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

Insider Transactions at MicroStrategy

In related news, CEO Phong Le sold 50,000 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $138.28, for a total transaction of $6,914,000.00. Following the sale, the chief executive officer now owns 12,670 shares of the company’s stock, valued at $1,752,007.60. This trade represents a 79.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Wei-Ming Shao sold 3,000 shares of the 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 sale, the executive vice president now directly owns 6,460 shares in the company, valued at approximately $912,152. The trade was a 31.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 134,954 shares of company stock worth $30,553,037 over the last 90 days. 13.18% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MicroStrategy

Large investors have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new position in MicroStrategy during the second quarter worth about $37,000. GAMMA Investing LLC raised its holdings in shares of MicroStrategy by 36.4% in the 2nd quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock worth $41,000 after purchasing an additional 8 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of MicroStrategy in the 1st quarter worth about $58,000. Signaturefd LLC raised its holdings in shares of MicroStrategy by 13.6% in the 2nd quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock worth $69,000 after purchasing an additional 6 shares during the period. Finally, Strategic Investment Solutions Inc. IL purchased a new position in shares of MicroStrategy in the 2nd quarter worth about $106,000. 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.