Barclays Forecasts Strong Price Appreciation for MicroStrategy (NASDAQ:MSTR) Stock

MicroStrategy (NASDAQ:MSTR) had its price objective raised by research analysts at Barclays from $225.00 to $275.00 in a report released on Monday, Benzinga reports. The firm presently has an “overweight” rating on the software maker’s stock. Barclays‘s target price would suggest a potential upside of 20.72% from the company’s previous close.

Several other equities research analysts have also commented on MSTR. Maxim Group upped their price target on shares of MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. BTIG Research upped their target price on shares of MicroStrategy from $180.00 to $240.00 and gave the company a “buy” rating in a report on Monday, October 21st. Cantor Fitzgerald started coverage on shares of MicroStrategy in a research note on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price target on the stock. TD Cowen boosted their price objective on shares of MicroStrategy from $200.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Sanford C. Bernstein decreased their target price on MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating on the stock in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $271.13.

MicroStrategy Stock Up 2.2 %

Shares of MicroStrategy stock opened at $227.80 on Monday. MicroStrategy has a twelve month low of $43.87 and a twelve month high of $267.89. The company has a quick ratio of 0.47, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The company’s 50 day moving average is $173.44 and its 200 day moving average is $154.75. The company has a market cap of $40.41 billion, a price-to-earnings ratio of -107.96 and a beta of 3.05.

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 analysts’ consensus estimates of ($0.12) by ($1.44). The firm had revenue of $116.07 million during the quarter, compared to analysts’ expectations of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The business’s quarterly revenue was down 10.3% on a year-over-year basis. During the same quarter last year, the business earned ($8.98) earnings per share.

Insider Activity

In related news, CEO Phong Le sold 48,838 shares of MicroStrategy stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $135.40, for a total transaction of $6,612,665.20. Following the sale, the chief executive officer now owns 12,670 shares of the company’s stock, valued at approximately $1,715,518. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other MicroStrategy news, CEO Phong Le sold 48,838 shares of MicroStrategy stock in a transaction on Friday, August 16th. The shares were sold at an average price of $135.40, for a total value of $6,612,665.20. Following the sale, the chief executive officer now directly owns 12,670 shares in the company, valued at approximately $1,715,518. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Wei-Ming Shao sold 3,000 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total transaction of $423,600.00. Following the transaction, the executive vice president now directly owns 6,460 shares of the company’s stock, valued at $912,152. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 101,838 shares of company stock worth $13,950,265 over the last ninety days. Corporate insiders own 13.18% of the company’s stock.

Institutional Trading of MicroStrategy

A number of large investors have recently added to or reduced their stakes in MSTR. Oppenheimer & Co. Inc. bought a new stake in MicroStrategy during the 3rd quarter valued at about $238,000. Hartline Investment Corp raised its stake in shares of MicroStrategy by 1,064.6% during the third quarter. Hartline Investment Corp now owns 5,322 shares of the software maker’s stock valued at $897,000 after acquiring an additional 4,865 shares in the last quarter. Souders Financial Advisors bought a new position in MicroStrategy in the third quarter worth approximately $844,000. Empower Advisory Group LLC purchased a new position in MicroStrategy during the 3rd quarter worth $231,000. Finally, Victory Capital Management Inc. raised its position in MicroStrategy by 894.7% during the 3rd quarter. Victory Capital Management Inc. now owns 57,830 shares of the software maker’s stock valued at $9,750,000 after purchasing an additional 52,016 shares in the last quarter. Institutional investors own 72.03% 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.