MicroStrategy (NASDAQ:MSTR) Coverage Initiated by Analysts at Mizuho

Stock analysts at Mizuho began coverage on shares of MicroStrategy (NASDAQ:MSTR) in a research report issued to clients and investors on Wednesday,Briefing.com Automated Import reports. The brokerage set an “outperform” rating and a $515.00 price target on the software maker’s stock. Mizuho’s price target indicates a potential upside of 53.34% from the company’s current price.

MSTR has been the topic of a number of other research reports. TD Cowen raised their price target on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. BTIG Research boosted their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Sanford C. Bernstein reissued an “outperform” rating and issued a $600.00 price objective on shares of MicroStrategy in a research report on Thursday, December 12th. Maxim Group upped their price target on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Barclays lifted their target price on MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, MicroStrategy currently has an average rating of “Moderate Buy” and an average target price of $483.22.

MicroStrategy Price Performance

MicroStrategy stock opened at $335.86 on Wednesday. The company’s fifty day moving average price is $365.16 and its 200 day moving average price is $247.14. MicroStrategy has a 1 year low of $46.75 and a 1 year high of $543.00. The stock has a market capitalization of $80.49 billion, a P/E ratio of -159.40 and a beta of 3.25. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data 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). 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 quarter in the previous year, the company posted ($8.98) earnings per share. The company’s revenue was down 10.3% on a year-over-year basis.

Insiders Place Their Bets

In other news, Director Stephen X. Graham sold 20,000 shares of the business’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 sale, the director now owns 6,970 shares of the company’s stock, valued at $3,145,979.20. The trade was a 74.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 owns 6,460 shares in the company, valued at approximately $2,377,344.60. This represents a 73.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 102,000 shares of company stock valued at $32,259,177. Company insiders own 9.16% of the company’s stock.

Institutional Trading of MicroStrategy

Several institutional investors and hedge funds have recently modified their holdings of MSTR. Activest Wealth Management acquired a new stake in shares of MicroStrategy during the fourth quarter valued at about $33,000. LJI Wealth Management LLC bought a new position in shares of MicroStrategy during the 4th quarter worth about $271,000. Newbridge Financial Services Group Inc. bought a new stake in shares of MicroStrategy during the fourth quarter valued at approximately $1,836,000. Kestra Private Wealth Services LLC raised its holdings in MicroStrategy by 69.7% during the fourth quarter. Kestra Private Wealth Services LLC now owns 8,737 shares of the software maker’s stock worth $2,530,000 after buying an additional 3,590 shares during the last quarter. Finally, Howland Capital Management LLC acquired a new stake in shares of MicroStrategy in the 4th quarter worth about $203,000. 59.84% of the stock is currently owned by institutional investors.

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.