MicroStrategy (NASDAQ:MSTR) Given New $525.00 Price Target at TD Cowen

MicroStrategy (NASDAQ:MSTR) had its price objective upped by TD Cowen from $392.00 to $525.00 in a report published on Monday morning,Benzinga reports. They currently have a buy rating on the software maker’s stock.

A number of other research firms have also recently weighed in on MSTR. Benchmark lifted their price target on MicroStrategy from $450.00 to $650.00 and gave the company a “buy” rating in a report on Monday. Sanford C. Bernstein raised their price objective on shares of MicroStrategy from $290.00 to $600.00 and gave the company an “outperform” rating in a research report on Monday. Canaccord Genuity Group raised their price objective on MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a research note on Monday. BTIG Research lifted their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Cantor Fitzgerald started coverage on MicroStrategy in a research report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price target 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 company currently has an average rating of “Moderate Buy” and an average price target of $479.25.

MicroStrategy Price Performance

Shares of MSTR stock opened at $388.84 on Monday. The firm has a market cap of $78.79 billion, a P/E ratio of -184.55 and a beta of 3.05. MicroStrategy has a 1-year low of $43.87 and a 1-year high of $543.00. The firm has a fifty day moving average of $248.63 and a two-hundred day moving average of $181.70. 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 released its earnings results 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 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 firm’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($8.98) EPS.

Insider Buying and Selling at MicroStrategy

In other news, CEO Phong Le sold 1,252 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total value of $403,707.40. Following the completion of the sale, the chief executive officer now directly owns 13,918 shares of the company’s stock, valued at approximately $4,487,859.10. This represents a 8.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen X. Graham sold 20,000 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the completion of the sale, the director now directly owns 6,970 shares of the company’s stock, valued at approximately $3,145,979.20. This trade represents a 74.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,000 shares of company stock worth $32,259,177 over the last ninety days. 13.18% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MicroStrategy

A number of institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. boosted its position in shares of MicroStrategy by 36.3% during the 1st quarter. Sei Investments Co. now owns 575 shares of the software maker’s stock valued at $980,000 after acquiring an additional 153 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in shares of MicroStrategy by 19.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 1,374 shares of the software maker’s stock valued at $2,343,000 after purchasing an additional 225 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of MicroStrategy by 125.0% in the 1st quarter. Toronto Dominion Bank now owns 450 shares of the software maker’s stock worth $767,000 after purchasing an additional 250 shares during the last quarter. Price T Rowe Associates Inc. MD increased 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 acquiring an additional 10,835 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado raised its holdings in MicroStrategy by 36.4% in the first quarter. Public Employees Retirement Association of Colorado now owns 1,590 shares of the software maker’s stock worth $2,710,000 after purchasing an additional 424 shares during the period. 72.03% of the stock is owned by institutional investors and hedge funds.

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.