MicroStrategy (NASDAQ:MSTR) PT Lowered to $1,590.00

MicroStrategy (NASDAQ:MSTR) had its price objective cut by research analysts at Canaccord Genuity Group from $1,810.00 to $1,590.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the software maker’s stock. Canaccord Genuity Group’s price target indicates a potential upside of 54.63% from the company’s previous close.

A number of other analysts also recently weighed in on MSTR. TD Cowen decreased their target price on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating for the company in a research report on Wednesday, March 20th. BTIG Research increased their target price on shares of MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a research report on Friday, April 5th. StockNews.com raised shares of MicroStrategy to a “sell” rating in a research report on Monday, March 18th. Finally, Benchmark reissued a “buy” rating and set a $1,875.00 target price on shares of MicroStrategy in a research report on Thursday, April 25th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,678.75.

MicroStrategy Stock Down 3.5 %

Shares of NASDAQ MSTR opened at $1,028.27 on Tuesday. The company has a 50 day simple moving average of $1,370.28 and a 200 day simple moving average of $825.64. The firm has a market cap of $17.45 billion, a PE ratio of -151.53 and a beta of 2.89. MicroStrategy has a 1 year low of $266.00 and a 1 year high of $1,999.99. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.83 and a quick ratio of 0.83.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data on Tuesday, February 6th. The software maker reported $5.62 earnings per share (EPS) for the quarter. The business had revenue of $124.48 million during the quarter, compared to analyst estimates of $134.90 million. MicroStrategy had a negative net margin of 17.40% and a negative return on equity of 10.22%.

Insider Transactions at MicroStrategy

In other news, Director Jarrod M. Patten sold 275 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $722.34, for a total transaction of $198,643.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Chairman Michael J. Saylor sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $500.62, for a total transaction of $2,503,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jarrod M. Patten sold 275 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $722.34, for a total transaction of $198,643.50. The disclosure for this sale can be found here. Insiders sold a total of 107,452 shares of company stock valued at $117,637,097 in the last quarter. 13.18% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MicroStrategy

A number of large investors have recently modified their holdings of the company. Capital International Investors lifted its holdings in shares of MicroStrategy by 0.3% in the 4th quarter. Capital International Investors now owns 1,558,897 shares of the software maker’s stock worth $984,631,000 after purchasing an additional 4,858 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of MicroStrategy by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 1,151,977 shares of the software maker’s stock worth $727,612,000 after purchasing an additional 24,997 shares in the last quarter. Norges Bank bought a new position in shares of MicroStrategy in the 4th quarter worth $70,990,000. Northern Trust Corp lifted its holdings in shares of MicroStrategy by 2.1% in the 3rd quarter. Northern Trust Corp now owns 108,075 shares of the software maker’s stock worth $35,479,000 after purchasing an additional 2,248 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of MicroStrategy by 6.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 99,949 shares of the software maker’s stock worth $63,130,000 after purchasing an additional 6,272 shares in the last quarter. 72.03% of the stock is currently owned by institutional investors.

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.