MicroStrategy (NASDAQ:MSTR) Price Target Raised to $270.00

MicroStrategy (NASDAQ:MSTR) had its target price lifted by research analysts at Maxim Group from $193.00 to $270.00 in a research report issued on Thursday, Briefing.com reports. The brokerage presently has a “buy” rating on the software maker’s stock. Maxim Group’s target price points to a potential upside of 9.17% from the company’s previous close.

A number of other analysts have also commented on the stock. Benchmark upped their price objective on shares of MicroStrategy from $215.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Sanford C. Bernstein decreased their price objective on shares of MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating for the company in a research note on Wednesday, October 9th. Barclays boosted their target price on shares of MicroStrategy from $173.00 to $225.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. TD Cowen raised their target price on MicroStrategy from $195.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Finally, Cantor Fitzgerald initiated coverage on MicroStrategy in a report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $229.63.

MicroStrategy Stock Down 4.2 %

MSTR stock opened at $247.31 on Thursday. The firm has a market cap of $43.87 billion, a PE ratio of -177.16 and a beta of 3.11. MicroStrategy has a 12 month low of $41.01 and a 12 month high of $267.89. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a 50 day simple moving average of $168.11 and a 200 day simple moving average of $152.28.

MicroStrategy (NASDAQ:MSTR) last released 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). The company had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. MicroStrategy had a negative return on equity of 14.72% and a negative net margin of 43.69%. The business’s revenue was down 10.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($8.98) earnings per share.

Insiders Place Their Bets

In other news, CEO Phong Le sold 50,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $138.28, for a total transaction of $6,914,000.00. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Phong Le sold 50,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $138.28, for a total transaction of $6,914,000.00. Following the completion of the sale, the chief executive officer now owns 12,670 shares in the company, valued at $1,752,007.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Wei-Ming Shao sold 3,000 shares of MicroStrategy stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total value of $423,600.00. Following the completion of the transaction, the executive vice president now directly owns 6,460 shares in the company, valued at approximately $912,152. This represents 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 ninety days. Corporate insiders own 13.18% of the company’s stock.

Institutional Investors Weigh In On MicroStrategy

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in MicroStrategy by 34.8% in the 1st quarter. Vanguard Group Inc. now owns 1,553,048 shares of the software maker’s stock valued at $2,647,263,000 after acquiring an additional 401,071 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of MicroStrategy by 224,965.1% in the third quarter. International Assets Investment Management LLC now owns 238,569 shares of the software maker’s stock valued at $40,223,000 after purchasing an additional 238,463 shares in the last quarter. Capital International Investors lifted its position in MicroStrategy by 14.9% in the first quarter. Capital International Investors now owns 1,791,564 shares of the software maker’s stock worth $3,053,828,000 after purchasing an additional 232,667 shares during the period. National Pension Service boosted its stake in MicroStrategy by 900.0% during the third quarter. National Pension Service now owns 245,000 shares of the software maker’s stock worth $41,307,000 after buying an additional 220,500 shares in the last quarter. Finally, Yong Rong HK Asset Management Ltd bought a new stake in MicroStrategy in the 3rd quarter valued at $35,558,000. Institutional investors 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.