MicroStrategy (NASDAQ:MSTR) Price Target Raised to $525.00

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

Several other equities research analysts also recently weighed in on MSTR. Benchmark boosted their target price on shares of MicroStrategy from $450.00 to $650.00 and gave the stock a “buy” rating in a research report on Monday. Canaccord Genuity Group upped their price objective on MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a research note on Monday. Maxim Group lifted their target price on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Barclays boosted their price target on MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a report on Monday. Finally, Sanford C. Bernstein lifted their price objective on shares of MicroStrategy from $290.00 to $600.00 and gave the stock an “outperform” rating in a report on Monday. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $479.25.

MicroStrategy Trading Up 9.9 %

Shares of MSTR opened at $388.84 on Monday. MicroStrategy has a one year low of $43.87 and a one year high of $543.00. The stock has a 50-day moving average price of $243.51 and a 200 day moving average price of $180.24. 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 company has a market capitalization of $78.79 billion, a P/E ratio of -184.55 and a beta of 3.05.

MicroStrategy (NASDAQ:MSTR) last released its 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). The business had revenue of $116.07 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was down 10.3% compared to the same quarter last year. During the same quarter last year, the company posted ($8.98) earnings per share.

Insider Buying and Selling at MicroStrategy

In related news, Director Stephen X. Graham sold 20,000 shares of the stock in a transaction dated 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 sale, the director now owns 6,970 shares of the company’s stock, valued at $3,145,979.20. This trade represents a 74.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Phong Le sold 1,252 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 13,918 shares of the company’s stock, valued at approximately $4,487,859.10. This trade represents a 8.25 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,000 shares of company stock worth $32,259,177. 13.18% of the stock is owned by insiders.

Institutional Trading of MicroStrategy

Hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its stake in shares of MicroStrategy by 990.6% during the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock valued at $465,573,000 after purchasing an additional 2,512,645 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in MicroStrategy by 971.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker’s stock valued at $107,855,000 after buying an additional 579,994 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of MicroStrategy by 587.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker’s stock worth $111,994,000 after buying an additional 567,628 shares in the last quarter. Swiss National Bank lifted its stake in shares of MicroStrategy by 904.7% in the 3rd quarter. Swiss National Bank now owns 468,200 shares of the software maker’s stock worth $78,939,000 after acquiring an additional 421,600 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of MicroStrategy by 1,077.0% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 343,164 shares of the software maker’s stock valued at $57,857,000 after acquiring an additional 314,007 shares in the last quarter. 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.