MicroStrategy (NASDAQ:MSTR) Stock Price Expected to Rise, Benchmark Analyst Says

MicroStrategy (NASDAQ:MSTR) had its price objective upped by stock analysts at Benchmark from $450.00 to $650.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the software maker’s stock. Benchmark’s price target would indicate a potential upside of 83.78% from the stock’s current price.

Several other equities analysts also recently commented on MSTR. Sanford C. Bernstein upped their price objective on shares of MicroStrategy from $290.00 to $600.00 and gave the company an “outperform” rating in a research note on Monday. TD Cowen upped their price objective on shares of MicroStrategy from $200.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. BTIG Research upped their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Barclays upped their price objective on shares of MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Canaccord Genuity Group upped their price objective on shares of MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. According to MarketBeat, MicroStrategy has an average rating of “Moderate Buy” and an average price target of $479.25.

MicroStrategy Stock Performance

NASDAQ MSTR opened at $353.69 on Monday. The company has a 50-day simple moving average of $239.06 and a two-hundred day simple moving average of $178.58. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. MicroStrategy has a 12-month low of $43.87 and a 12-month high of $543.00. The firm has a market cap of $71.67 billion, a price-to-earnings ratio of -167.63 and a beta of 3.05.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results 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). 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 in the previous year, the company earned ($8.98) earnings per share. The business’s quarterly revenue was down 10.3% on a year-over-year basis.

Insider Buying and Selling

In other MicroStrategy news, CEO Phong Le sold 1,252 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $322.45, for a total value of $403,707.40. Following the sale, the chief executive officer now owns 13,918 shares in the company, valued at approximately $4,487,859.10. This represents a 8.25 % 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 this link. Also, Director Stephen X. Graham sold 20,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the completion of the sale, the director now owns 6,970 shares in the company, valued at approximately $3,145,979.20. This trade represents a 74.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,000 shares of company stock valued at $32,259,177 over the last three months. Corporate insiders own 13.18% of the company’s stock.

Institutional Investors Weigh In On MicroStrategy

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Peapack Gladstone Financial Corp grew its holdings in MicroStrategy by 900.0% in the third quarter. Peapack Gladstone Financial Corp now owns 2,350 shares of the software maker’s stock worth $396,000 after purchasing an additional 2,115 shares during the period. Sanctuary Advisors LLC grew its holdings in shares of MicroStrategy by 3,250.8% during the third quarter. Sanctuary Advisors LLC now owns 14,442 shares of the software maker’s stock valued at $2,435,000 after buying an additional 14,011 shares during the last quarter. Virtu Financial LLC grew its holdings in shares of MicroStrategy by 10,398.4% during the third quarter. Virtu Financial LLC now owns 224,245 shares of the software maker’s stock valued at $37,808,000 after buying an additional 222,109 shares during the last quarter. Arete Wealth Advisors LLC grew its holdings in shares of MicroStrategy by 1,063.6% during the third quarter. Arete Wealth Advisors LLC now owns 10,740 shares of the software maker’s stock valued at $1,814,000 after buying an additional 9,817 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its holdings in shares of MicroStrategy by 900.0% during the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock valued at $27,000 after buying an additional 144 shares during the last quarter. Hedge funds and other institutional investors own 72.03% of the company’s stock.

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.