MicroStrategy (NASDAQ:MSTR) Shares Up 1.7% on Analyst Upgrade

MicroStrategy Incorporated (NASDAQ:MSTR)’s stock price rose 1.7% during mid-day trading on Monday after TD Cowen raised their price target on the stock from $392.00 to $525.00. TD Cowen currently has a buy rating on the stock. MicroStrategy traded as high as $440.75 and last traded at $429.15. Approximately 18,198,453 shares changed hands during trading, an increase of 0% from the average daily volume of 18,159,674 shares. The stock had previously closed at $421.88.

A number of other research firms have also issued reports on MSTR. Sanford C. Bernstein boosted their price objective on MicroStrategy from $290.00 to $600.00 and gave the company an “outperform” rating in a research report on Monday. Benchmark lifted their target price on MicroStrategy from $450.00 to $650.00 and gave the company a “buy” rating in a research note on Monday. Maxim Group lifted their target price on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. BTIG Research lifted their target price on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Cantor Fitzgerald started coverage on MicroStrategy in a research note on Wednesday, August 21st. They set an “overweight” rating and a $194.00 target price on the stock. One research 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $479.25.

Insider Buying and Selling

In other news, CFO Andrew Kang sold 5,700 shares of MicroStrategy stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total transaction of $1,465,755.00. Following the transaction, the chief financial officer now owns 12,080 shares in the company, valued at approximately $3,106,372. The trade was a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Wei-Ming Shao sold 18,000 shares of MicroStrategy stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total value of $6,624,180.00. Following the transaction, the executive vice president now owns 6,460 shares in the company, valued at $2,377,344.60. This represents a 73.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,000 shares of company stock worth $32,259,177 in the last three months. 13.18% of the stock is currently owned by insiders.

Institutional Trading of MicroStrategy

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Signaturefd LLC lifted its position in shares of MicroStrategy by 13.6% in the second quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock worth $69,000 after buying an additional 6 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of MicroStrategy by 36.4% in the second quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock worth $41,000 after buying an additional 8 shares during the last quarter. Cigna Investments Inc. New lifted its position in shares of MicroStrategy by 5.1% in the second quarter. Cigna Investments Inc. New now owns 164 shares of the software maker’s stock worth $226,000 after buying an additional 8 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of MicroStrategy by 2.8% in the second quarter. Crossmark Global Holdings Inc. now owns 400 shares of the software maker’s stock worth $551,000 after buying an additional 11 shares during the last quarter. Finally, Dakota Wealth Management lifted its position in shares of MicroStrategy by 0.3% in the second quarter. Dakota Wealth Management now owns 4,515 shares of the software maker’s stock worth $6,219,000 after buying an additional 15 shares during the last quarter. Institutional investors and hedge funds own 72.03% of the company’s stock.

MicroStrategy Stock Down 4.4 %

The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The firm has a market cap of $81.76 billion, a price-to-earnings ratio of -191.48 and a beta of 3.05. The firm has a 50-day moving average of $239.06 and a two-hundred day moving average of $178.58.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($1.44). MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The business had revenue of $116.07 million for the quarter, compared to analyst estimates of $121.45 million. During the same period in the prior year, the firm posted ($8.98) EPS. MicroStrategy’s revenue for the quarter was down 10.3% on a year-over-year basis.

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.