Benchmark Increases MicroStrategy (NASDAQ:MSTR) Price Target to $650.00

MicroStrategy (NASDAQ:MSTR) had its target price lifted by equities research analysts at Benchmark from $450.00 to $650.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the software maker’s stock. Benchmark’s price objective would indicate a potential upside of 48.32% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on MSTR. BTIG Research raised their price target on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research note on Thursday. Sanford C. Bernstein lifted their target price on shares of MicroStrategy from $290.00 to $600.00 and gave the company an “outperform” rating in a research note on Monday. Cantor Fitzgerald started coverage on shares of MicroStrategy in a research report on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 target price for the company. TD Cowen raised their price target on shares of MicroStrategy from $200.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Maxim Group upped their price objective on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, MicroStrategy has a consensus rating of “Moderate Buy” and a consensus target price of $451.13.

MicroStrategy Price Performance

NASDAQ MSTR opened at $438.25 on Monday. The company has a 50 day simple moving average of $233.68 and a 200-day simple moving average of $176.63. MicroStrategy has a 52-week low of $43.87 and a 52-week high of $543.00. The firm has a market capitalization of $88.81 billion, a price-to-earnings ratio of -208.00 and a beta of 3.05. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65.

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

Insider Buying and Selling at MicroStrategy

In related news, EVP Wei-Ming Shao sold 18,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the completion of the transaction, the executive vice president now directly owns 6,460 shares in the company, valued at $2,377,344.60. This represents a 73.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Phong Le sold 1,252 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total transaction of $403,707.40. Following the completion of the sale, the chief executive officer now owns 13,918 shares in the company, valued at $4,487,859.10. This represents a 8.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 82,000 shares of company stock worth $23,231,977 over the last ninety days. Company insiders own 13.18% of the company’s stock.

Hedge Funds Weigh In On MicroStrategy

Several large investors have recently added to or reduced their stakes in MSTR. Sei Investments Co. increased its position in shares of MicroStrategy by 36.3% during the first quarter. Sei Investments Co. now owns 575 shares of the software maker’s stock valued at $980,000 after purchasing an additional 153 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in MicroStrategy by 19.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 1,374 shares of the software maker’s stock worth $2,343,000 after buying an additional 225 shares in the last quarter. Toronto Dominion Bank increased its holdings in MicroStrategy by 125.0% in the 1st quarter. Toronto Dominion Bank now owns 450 shares of the software maker’s stock valued at $767,000 after buying an additional 250 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of MicroStrategy by 13.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 88,762 shares of the software maker’s stock valued at $151,301,000 after buying an additional 10,835 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its holdings in shares of MicroStrategy by 36.4% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 1,590 shares of the software maker’s stock worth $2,710,000 after acquiring an additional 424 shares during the period. Institutional investors and hedge funds 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.