MicroStrategy (NASDAQ:MSTR) Shares Gap Up After Analyst Upgrade

MicroStrategy Incorporated (NASDAQ:MSTR)’s stock price gapped up prior to trading on Tuesday after Barclays raised their price target on the stock from $225.00 to $275.00. The stock had previously closed at $222.99, but opened at $233.34. Barclays currently has an overweight rating on the stock. MicroStrategy shares last traded at $241.50, with a volume of 3,148,390 shares changing hands.

MSTR has been the subject of several other reports. Cantor Fitzgerald began coverage on MicroStrategy in a research note on Wednesday, August 21st. They set an “overweight” rating and a $194.00 target price for the company. Sanford C. Bernstein dropped their price objective on MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating for the company in a research report on Wednesday, October 9th. TD Cowen raised their price objective on MicroStrategy from $200.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Benchmark boosted their target price on MicroStrategy from $245.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, BTIG Research raised their price target on shares of MicroStrategy from $180.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, MicroStrategy has an average rating of “Moderate Buy” and an average target price of $271.13.

Insider Activity at MicroStrategy

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

Institutional Investors Weigh In On MicroStrategy

Large investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new position in shares of MicroStrategy in the 1st quarter worth about $58,000. Sequoia Financial Advisors LLC acquired a new stake in MicroStrategy during the first quarter worth approximately $377,000. Janney Montgomery Scott LLC increased its holdings in MicroStrategy by 16.8% in the first quarter. Janney Montgomery Scott LLC now owns 3,219 shares of the software maker’s stock worth $5,487,000 after purchasing an additional 464 shares in the last quarter. Jennison Associates LLC acquired a new position in MicroStrategy in the first quarter valued at approximately $806,000. Finally, Wealthspire Advisors LLC bought a new position in shares of MicroStrategy during the 1st quarter worth approximately $203,000. 72.03% of the stock is currently owned by institutional investors and hedge funds.

MicroStrategy Trading Up 2.2 %

The company has a current ratio of 0.65, a quick ratio of 0.47 and a debt-to-equity ratio of 1.12. The firm’s 50-day moving average price is $173.44 and its 200 day moving average price 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 posted its quarterly earnings results 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). The company had revenue of $116.07 million during the quarter, compared to the consensus estimate of $121.45 million. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The company’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same period last year, the firm posted ($8.98) earnings per share.

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.