MicroStrategy’s (MSTR) Buy Rating Reiterated at Benchmark

Benchmark reissued their buy rating on shares of MicroStrategy (NASDAQ:MSTR) in a research note released on Tuesday morning,Benzinga reports. They currently have a $650.00 target price on the software maker’s stock.

Other equities research analysts have also issued research reports about the company. Maxim Group lifted their target price on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Canaccord Genuity Group lifted their price objective on shares of MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a report on Monday, November 25th. TD Cowen increased their target price on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Barclays lifted their price target on shares of MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Finally, BTIG Research increased their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. One 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $479.25.

MicroStrategy Stock Up 1.7 %

Shares of MSTR stock opened at $366.70 on Tuesday. The company has a market capitalization of $87.88 billion, a price-to-earnings ratio of -174.04 and a beta of 3.25. MicroStrategy has a 12-month low of $43.87 and a 12-month high of $543.00. The firm has a fifty day moving average of $359.42 and a 200-day moving average of $231.33. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12.

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

Insider Activity

In other news, CAO Jeanine Montgomery sold 56,250 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total value of $14,479,312.50. Following the completion of the sale, the chief accounting officer now directly owns 5,670 shares of the company’s stock, valued at $1,459,514.70. This trade represents a 90.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Stephen X. Graham sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value of $9,027,200.00. Following the transaction, the director now directly owns 6,970 shares in the company, valued at $3,145,979.20. The trade was a 74.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,000 shares of company stock valued at $32,259,177 in the last quarter. Company insiders own 9.16% of the company’s stock.

Institutional Trading of MicroStrategy

A number of hedge funds have recently modified their holdings of MSTR. Crossmark Global Holdings Inc. bought a new position in MicroStrategy in the 4th quarter valued at about $351,000. Ballentine Partners LLC increased its stake in shares of MicroStrategy by 6.5% during the fourth quarter. Ballentine Partners LLC now owns 3,322 shares of the software maker’s stock worth $962,000 after purchasing an additional 202 shares during the period. Koshinski Asset Management Inc. bought a new position in shares of MicroStrategy during the fourth quarter worth approximately $450,000. Wealthquest Corp acquired a new stake in MicroStrategy during the 4th quarter worth approximately $290,000. Finally, Harbor Investment Advisory LLC boosted its position in shares of MicroStrategy by 14.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 665 shares of the software maker’s stock valued at $193,000 after acquiring an additional 85 shares during the period. Institutional investors and hedge funds own 59.84% of the company’s stock.

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.