MicroStrategy (NASDAQ:MSTR) Price Target Raised to $200.00

MicroStrategy (NASDAQ:MSTR) had its price target hoisted by stock analysts at TD Cowen from $195.00 to $200.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the software maker’s stock. TD Cowen’s price objective suggests a potential upside of 36.46% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the company. Maxim Group upped their target price on MicroStrategy from $183.50 to $193.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Benchmark raised their price objective on shares of MicroStrategy from $187.50 to $215.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Canaccord Genuity Group reduced their target price on shares of MicroStrategy from $185.00 to $173.00 and set a “buy” rating on the stock in a report on Monday, September 16th. Sanford C. Bernstein upgraded shares of MicroStrategy to a “strong-buy” rating in a report on Friday, June 14th. Finally, Barclays began coverage on MicroStrategy in a report on Friday, September 6th. They issued an “overweight” rating and a $146.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, MicroStrategy presently has a consensus rating of “Moderate Buy” and a consensus target price of $198.75.

MicroStrategy Price Performance

MicroStrategy stock traded up $1.78 during midday trading on Monday, reaching $146.56. The company’s stock had a trading volume of 1,184,521 shares, compared to its average volume of 16,312,970. The stock has a market cap of $26.00 billion, a PE ratio of -21.87 and a beta of 3.10. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.31. MicroStrategy has a 52 week low of $30.71 and a 52 week high of $200.00. The business has a 50-day moving average price of $142.47 and a 200-day moving average price of $145.12.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data on Thursday, August 1st. The software maker reported ($0.57) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.48). MicroStrategy had a negative return on equity of 14.72% and a negative net margin of 43.69%. The company had revenue of $111.44 million for the quarter, compared to analyst estimates of $121.99 million. During the same quarter in the prior year, the company earned $0.15 earnings per share. MicroStrategy’s revenue for the quarter was down 7.4% compared to the same quarter last year.

Insider Activity

In other MicroStrategy news, CEO Phong Le sold 48,838 shares of MicroStrategy stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $135.40, for a total value of $6,612,665.20. Following the completion of the sale, the chief executive officer now directly owns 12,670 shares in the company, valued at $1,715,518. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other MicroStrategy news, CEO Phong Le sold 48,838 shares of MicroStrategy stock in a transaction on Friday, August 16th. The shares were sold at an average price of $135.40, for a total value of $6,612,665.20. Following the completion of the sale, the chief executive officer now directly owns 12,670 shares of the company’s stock, valued at $1,715,518. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Wei-Ming Shao sold 3,000 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total transaction of $423,600.00. Following the transaction, the executive vice president now directly owns 6,460 shares in the company, valued at approximately $912,152. The disclosure for this sale can be found here. Insiders have sold 101,838 shares of company stock valued at $13,950,265 in the last ninety days. 13.18% of the stock is owned by company insiders.

Hedge Funds Weigh In On MicroStrategy

A number of large investors have recently modified their holdings of the company. Norges Bank acquired a new position in MicroStrategy during the fourth quarter worth $70,990,000. CIBC Private Wealth Group LLC raised its stake in shares of MicroStrategy by 23.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,636 shares of the software maker’s stock worth $1,665,000 after purchasing an additional 500 shares during the last quarter. VitalStone Financial LLC raised its stake in shares of MicroStrategy by 152.6% in the fourth quarter. VitalStone Financial LLC now owns 576 shares of the software maker’s stock worth $364,000 after purchasing an additional 348 shares during the last quarter. BOCHK Asset Management Ltd purchased a new position in shares of MicroStrategy during the fourth quarter valued at approximately $726,000. Finally, Claro Advisors LLC bought a new stake in MicroStrategy during the first quarter worth $877,000. 72.03% of the stock is currently owned by institutional investors.

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.