MicroStrategy (NASDAQ:MSTR) Now Covered by Analysts at Maxim Group

Maxim Group began coverage on shares of MicroStrategy (NASDAQ:MSTR) in a research report report published on Tuesday, MarketBeat.com reports. The brokerage issued a buy rating and a $1,835.00 price target on the software maker’s stock.

MSTR has been the topic of several other reports. StockNews.com raised MicroStrategy to a sell rating in a research report on Monday, March 18th. Sanford C. Bernstein raised MicroStrategy to a strong-buy rating in a research report on Friday, June 14th. Canaccord Genuity Group cut their price objective on MicroStrategy from $2,047.00 to $1,826.00 and set a buy rating on the stock in a research report on Monday. TD Cowen lifted their price objective on MicroStrategy from $1,450.00 to $1,880.00 and gave the company a buy rating in a research report on Friday, June 21st. Finally, Benchmark reaffirmed a buy rating and set a $1,875.00 price objective on shares of MicroStrategy in a research report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $2,017.67.

MicroStrategy Stock Up 4.6 %

NASDAQ MSTR opened at $1,525.40 on Tuesday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a market capitalization of $27.06 billion, a PE ratio of -227.67 and a beta of 3.08. MicroStrategy has a 1 year low of $307.11 and a 1 year high of $1,999.99. The business’s 50-day moving average is $1,442.81 and its 200 day moving average is $1,115.66.

MicroStrategy (NASDAQ:MSTR) last posted its earnings results on Monday, April 29th. The software maker reported ($8.26) earnings per share (EPS) for the quarter. The business had revenue of $115.25 million during the quarter, compared to the consensus estimate of $124.80 million. MicroStrategy had a negative return on equity of 8.37% and a negative net margin of 17.40%.

Insider Activity

In other news, Chairman Michael J. Saylor sold 688 shares of MicroStrategy stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $1,657.49, for a total transaction of $1,140,353.12. Following the completion of the transaction, the chairman now directly owns 688 shares in the company, valued at $1,140,353.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 40,856 shares of company stock worth $59,250,731. Insiders own 13.18% of the company’s stock.

Hedge Funds Weigh In On MicroStrategy

A number of hedge funds have recently added to or reduced their stakes in MSTR. ST Germain D J Co. Inc. purchased a new position in MicroStrategy in the 1st quarter worth approximately $29,000. Principal Securities Inc. purchased a new position in MicroStrategy in the 4th quarter worth approximately $31,000. Harvest Fund Management Co. Ltd raised its holdings in MicroStrategy by 307.7% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 53 shares of the software maker’s stock worth $33,000 after acquiring an additional 40 shares during the last quarter. Rise Advisors LLC raised its holdings in MicroStrategy by 233.3% in the 1st quarter. Rise Advisors LLC now owns 20 shares of the software maker’s stock worth $34,000 after acquiring an additional 14 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in MicroStrategy by 85.3% in the 4th quarter. Signaturefd LLC now owns 63 shares of the software maker’s stock worth $40,000 after acquiring an additional 29 shares during the last quarter. 72.03% of the stock is currently owned by hedge funds and other 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.