MicroStrategy (NASDAQ:MSTR) Price Target Raised to $510.00 at Canaccord Genuity Group

MicroStrategy (NASDAQ:MSTR) had its price target hoisted by Canaccord Genuity Group from $300.00 to $510.00 in a report issued on Monday,Benzinga reports. They currently have a buy rating on the software maker’s stock.

Other analysts also recently issued research reports about the company. Cantor Fitzgerald began coverage on MicroStrategy in a research note on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 price objective on the stock. Maxim Group lifted their price objective on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. BTIG Research lifted their price objective on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Sanford C. Bernstein reduced their price objective on MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 9th. Finally, Barclays lifted their price objective on MicroStrategy from $225.00 to $275.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $479.25.

MicroStrategy Stock Down 4.4 %

NASDAQ MSTR opened at $403.45 on Monday. The stock’s 50 day moving average is $239.06 and its 200 day moving average is $178.58. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. MicroStrategy has a 12 month low of $43.87 and a 12 month high of $543.00. The stock has a market cap of $81.76 billion, a PE ratio of -191.48 and a beta of 3.05.

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

Insider Activity

In other MicroStrategy news, CAO Jeanine Montgomery sold 752 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total value of $242,482.40. Following the transaction, the chief accounting officer now owns 6,418 shares of the company’s stock, valued at $2,069,484.10. This represents a 10.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Stephen X. Graham sold 20,000 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total value of $9,027,200.00. Following the completion of the transaction, the director now directly owns 6,970 shares in the company, valued at $3,145,979.20. This trade represents a 74.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,000 shares of company stock valued at $32,259,177. 13.18% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MicroStrategy

Several hedge funds have recently bought and sold shares of MSTR. UMB Bank n.a. grew its position in MicroStrategy by 900.0% in 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 lifted 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 period. Capital Performance Advisors LLP purchased a new stake in shares of MicroStrategy in the 3rd quarter worth $27,000. Sunbelt Securities Inc. lifted its holdings in shares of MicroStrategy by 900.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after buying an additional 144 shares during the period. Finally, ST Germain D J Co. Inc. lifted its holdings in shares of MicroStrategy by 900.0% in the 3rd quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock worth $29,000 after buying an additional 153 shares during the period. 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.