Barclays Boosts MicroStrategy (NASDAQ:MSTR) Price Target to $225.00

MicroStrategy (NASDAQ:MSTR) had its target price raised by Barclays from $173.00 to $225.00 in a report issued on Monday morning, Benzinga reports. The firm currently has an overweight rating on the software maker’s stock.

Several other research analysts also recently commented on MSTR. Cantor Fitzgerald began coverage on MicroStrategy in a report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price objective on the stock. Canaccord Genuity Group reduced their price objective on MicroStrategy from $185.00 to $173.00 and set a “buy” rating on the stock in a report on Monday, September 16th. TD Cowen raised their price objective on MicroStrategy from $195.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Maxim Group raised their price objective on MicroStrategy from $183.50 to $193.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Sanford C. Bernstein reduced their price objective on MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating on the stock in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $208.75.

MicroStrategy Trading Down 0.1 %

Shares of NASDAQ MSTR opened at $194.09 on Monday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.47 and a current ratio of 0.47. The business’s 50 day moving average price is $149.12 and its 200-day moving average price is $147.04. MicroStrategy has a fifty-two week low of $32.13 and a fifty-two week high of $227.15. The company has a market cap of $34.43 billion, a price-to-earnings ratio of -28.97 and a beta of 3.11.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Thursday, August 1st. The software maker reported ($0.57) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $111.44 million during the quarter, compared to analysts’ expectations of $121.99 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The company’s quarterly revenue was down 7.4% compared to the same quarter last year.

Insider Activity

In related news, CEO Phong Le sold 48,838 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $135.40, for a total transaction of $6,612,665.20. Following the transaction, the chief executive officer now directly owns 12,670 shares in the company, valued at $1,715,518. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Wei-Ming Shao sold 3,000 shares of the business’s 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 transaction, the executive vice president now directly owns 6,460 shares in the company, valued at $912,152. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Phong Le sold 48,838 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now owns 12,670 shares in the company, valued at approximately $1,715,518. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 101,838 shares of company stock worth $13,950,265. 13.18% of the stock is currently owned by company insiders.

Institutional Trading of MicroStrategy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital International Investors lifted its position in MicroStrategy by 14.9% during the 1st quarter. Capital International Investors now owns 1,791,564 shares of the software maker’s stock worth $3,053,828,000 after acquiring an additional 232,667 shares during the period. Vanguard Group Inc. lifted its position in MicroStrategy by 34.8% during the 1st quarter. Vanguard Group Inc. now owns 1,553,048 shares of the software maker’s stock worth $2,647,263,000 after acquiring an additional 401,071 shares during the period. Strong Tower Advisory Services lifted its position in MicroStrategy by 990.0% during the 3rd quarter. Strong Tower Advisory Services now owns 160,668 shares of the software maker’s stock worth $27,089,000 after acquiring an additional 145,928 shares during the period. Exchange Traded Concepts LLC lifted its position in MicroStrategy by 1,019.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 113,601 shares of the software maker’s stock worth $19,153,000 after acquiring an additional 103,454 shares during the period. Finally, Creative Planning lifted its position in MicroStrategy by 1,294.2% during the 3rd quarter. Creative Planning now owns 89,784 shares of the software maker’s stock worth $15,138,000 after acquiring an additional 83,344 shares during the period. Institutional investors and hedge funds 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.