BTIG Research Raises MicroStrategy (NASDAQ:MSTR) Price Target to $240.00

MicroStrategy (NASDAQ:MSTR) had its price objective boosted by BTIG Research from $180.00 to $240.00 in a research report report published on Monday morning, Benzinga reports. BTIG Research currently has a buy rating on the software maker’s stock.

Several other equities research analysts have also recently weighed in on MSTR. Canaccord Genuity Group dropped their price target on MicroStrategy from $185.00 to $173.00 and set a “buy” rating on the stock in a research report on Monday, September 16th. Sanford C. Bernstein dropped their target price on shares of MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating on the stock in a report on Wednesday, October 9th. TD Cowen raised their target price on shares of MicroStrategy from $195.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Maxim Group upped their price target on shares of MicroStrategy from $183.50 to $193.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Benchmark lifted their price objective on shares of MicroStrategy from $215.00 to $245.00 and gave the company a “buy” rating in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, MicroStrategy currently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

MicroStrategy Trading Down 2.6 %

MSTR stock opened at $213.95 on Monday. The company has a market capitalization of $37.95 billion, a PE ratio of -31.93 and a beta of 3.11. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.47 and a quick ratio of 0.47. MicroStrategy has a 12 month low of $39.82 and a 12 month high of $227.15. The firm’s 50-day moving average is $155.32 and its 200 day moving average is $148.50.

MicroStrategy (NASDAQ:MSTR) last posted 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 net margin of 43.69% and a negative return on equity of 14.72%. The company had revenue of $111.44 million for the quarter, compared to the consensus estimate of $121.99 million. During the same period in the prior year, the firm posted $0.15 EPS. The business’s revenue was down 7.4% on a year-over-year basis.

Insider Activity at MicroStrategy

In other MicroStrategy news, CEO Phong Le sold 50,000 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $138.28, for a total value of $6,914,000.00. Following the completion of the sale, the chief executive officer now directly owns 12,670 shares in the company, valued at approximately $1,752,007.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other MicroStrategy news, CEO Phong Le sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $138.28, for a total transaction of $6,914,000.00. Following the transaction, the chief executive officer now owns 12,670 shares in the company, valued at approximately $1,752,007.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Wei-Ming Shao sold 3,000 shares of MicroStrategy 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 sale, the executive vice president now owns 6,460 shares of the company’s stock, valued at $912,152. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 101,838 shares of company stock valued at $13,950,265 over the last 90 days. Insiders own 13.18% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of MSTR. American International Group Inc. boosted its position in MicroStrategy by 10.0% in the fourth quarter. American International Group Inc. now owns 6,072 shares of the software maker’s stock valued at $3,835,000 after buying an additional 553 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of MicroStrategy by 300.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 124 shares of the software maker’s stock worth $78,000 after acquiring an additional 93 shares during the period. HighPoint Advisor Group LLC purchased a new position in shares of MicroStrategy during the fourth quarter worth $88,000. Banque Cantonale Vaudoise acquired a new position in MicroStrategy during the first quarter valued at $123,000. Finally, Park Avenue Securities LLC purchased a new stake in MicroStrategy in the first quarter valued at $627,000. 72.03% 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.