Benchmark Reaffirms Buy Rating for MicroStrategy (NASDAQ:MSTR)

MicroStrategy (NASDAQ:MSTR)‘s stock had its “buy” rating restated by Benchmark in a research note issued on Monday,Benzinga reports. They presently have a $650.00 price objective on the software maker’s stock. Benchmark’s price target would indicate a potential upside of 91.37% from the company’s previous close.

Several other analysts also recently weighed in on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $600.00 target price on shares of MicroStrategy in a report on Thursday, December 12th. Barclays lifted their price objective on MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a report on Monday, November 25th. TD Cowen increased their target price on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Canaccord Genuity Group lifted their price target on MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Finally, Maxim Group upped their price objective on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the company. According to data from MarketBeat, MicroStrategy has a consensus rating of “Moderate Buy” and an average price target of $479.25.

MicroStrategy Stock Up 13.2 %

Shares of NASDAQ:MSTR opened at $339.66 on Monday. The firm has a fifty day moving average price of $343.44 and a 200 day moving average price of $220.81. MicroStrategy has a 1-year low of $43.87 and a 1-year high of $543.00. 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 stock has a market cap of $81.40 billion, a P/E ratio of -161.20 and a beta of 3.25.

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

Insider Activity at MicroStrategy

In other MicroStrategy news, CAO Jeanine Montgomery sold 56,250 shares of MicroStrategy stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total value of $14,479,312.50. Following the transaction, the chief accounting officer now owns 5,670 shares in the company, valued at $1,459,514.70. This trade represents a 90.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Andrew Kang sold 5,700 shares of MicroStrategy stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total value of $1,465,755.00. Following the completion of the transaction, the chief financial officer now owns 12,080 shares in the company, valued at $3,106,372. The trade was a 32.06 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 102,000 shares of company stock valued at $32,259,177. Company insiders own 13.18% of the company’s stock.

Hedge Funds Weigh In On MicroStrategy

Several hedge funds and other institutional investors have recently bought and sold shares of MSTR. Savant Capital LLC grew its holdings in MicroStrategy by 2.6% during the 2nd quarter. Savant Capital LLC now owns 599 shares of the software maker’s stock valued at $825,000 after purchasing an additional 15 shares in the last quarter. Ballentine Partners LLC increased its holdings in MicroStrategy by 5.0% during the 2nd quarter. Ballentine Partners LLC now owns 313 shares of the software maker’s stock worth $431,000 after purchasing an additional 15 shares during the last quarter. Versant Capital Management Inc raised its position in shares of MicroStrategy by 38.2% in the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock valued at $41,000 after purchasing an additional 39 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in shares of MicroStrategy in the second quarter worth $106,000. Finally, Magnetar Financial LLC increased its position in shares of MicroStrategy by 31.6% in the 2nd quarter. Magnetar Financial LLC now owns 337 shares of the software maker’s stock worth $464,000 after purchasing an additional 81 shares during the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

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.