MicroStrategy (NASDAQ:MSTR) Stock Price Expected to Rise, Benchmark Analyst Says

MicroStrategy (NASDAQ:MSTR) had its target price upped by Benchmark from $300.00 to $450.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the software maker’s stock.

Other analysts have also issued research reports about the company. Barclays lifted their price objective on MicroStrategy from $225.00 to $275.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Canaccord Genuity Group upped their price target on shares of MicroStrategy from $173.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Cantor Fitzgerald initiated coverage on shares of MicroStrategy in a report on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 price objective on the stock. TD Cowen lifted their price target on shares of MicroStrategy from $200.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Sanford C. Bernstein reduced their price objective on MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating for the company in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $331.13.

MicroStrategy Stock Down 18.2 %

NASDAQ:MSTR opened at $387.50 on Tuesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market cap of $78.52 billion, a P/E ratio of -183.65 and a beta of 3.05. MicroStrategy has a fifty-two week low of $43.87 and a fifty-two week high of $543.00. The firm has a 50-day simple moving average of $228.07 and a two-hundred day simple moving average of $173.86.

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

Insider Buying and Selling

In other MicroStrategy news, CAO Jeanine Montgomery sold 56,250 shares of MicroStrategy stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total value of $14,479,312.50. Following the sale, the chief accounting officer now directly owns 5,670 shares in the company, valued at approximately $1,459,514.70. The trade was a 90.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Andrew Kang sold 5,700 shares of the stock in a transaction dated Wednesday, November 6th. The shares were 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 directly owns 12,080 shares of the company’s stock, valued at $3,106,372. This trade represents a 32.06 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 82,000 shares of company stock valued at $23,231,977. Company insiders own 13.18% of the company’s stock.

Institutional Investors Weigh In On MicroStrategy

A number of hedge funds have recently made changes to their positions in MSTR. UMB Bank n.a. boosted its position in shares of MicroStrategy by 900.0% during the 3rd quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock valued at $25,000 after acquiring an additional 135 shares during the last quarter. AlphaMark Advisors LLC increased its holdings in shares of MicroStrategy by 2,900.0% in the 3rd quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock worth $25,000 after buying an additional 145 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of MicroStrategy during the 3rd quarter valued at about $27,000. Sunbelt Securities Inc. increased its stake in MicroStrategy by 900.0% during the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after acquiring an additional 144 shares during the last quarter. Finally, ST Germain D J Co. Inc. raised its position in MicroStrategy by 900.0% during the third quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock valued at $29,000 after purchasing an additional 153 shares during the period. 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.