MicroStrategy (NASDAQ:MSTR) Trading 1.7% Higher on Analyst Upgrade

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price rose 1.7% during trading on Monday after TD Cowen raised their price target on the stock from $392.00 to $525.00. TD Cowen currently has a buy rating on the stock. MicroStrategy traded as high as $440.75 and last traded at $429.15. Approximately 18,198,453 shares were traded during mid-day trading, an increase of 0% from the average daily volume of 18,159,674 shares. The stock had previously closed at $421.88.

Several other analysts have also recently commented on MSTR. Benchmark raised their target price on MicroStrategy from $450.00 to $650.00 and gave the stock a “buy” rating in a research report on Monday. Sanford C. Bernstein lifted their target price on MicroStrategy from $290.00 to $600.00 and gave the company an “outperform” rating in a research note on Monday. Cantor Fitzgerald began coverage on shares of MicroStrategy in a research report on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 price target for the company. Canaccord Genuity Group boosted their price objective on shares of MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a research report on Monday. Finally, Barclays boosted their price target on shares of MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a report on Monday. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $479.25.

Insider Activity

In other MicroStrategy 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 transaction of $9,027,200.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jeanine Montgomery sold 752 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $322.45, for a total transaction of $242,482.40. Following the sale, the chief accounting officer now owns 6,418 shares of the company’s stock, valued at $2,069,484.10. This trade represents a 10.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,000 shares of company stock valued at $32,259,177 over the last 90 days. 13.18% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. UMB Bank n.a. increased its position in MicroStrategy by 900.0% during the third quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock worth $25,000 after acquiring an additional 135 shares during the period. AlphaMark Advisors LLC increased its holdings in shares of MicroStrategy by 2,900.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock worth $25,000 after purchasing an additional 145 shares during the period. Capital Performance Advisors LLP bought a new position in shares of MicroStrategy during the 3rd quarter worth about $27,000. Sunbelt Securities Inc. raised its position in shares of MicroStrategy by 900.0% during the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock valued at $27,000 after buying an additional 144 shares during the last quarter. Finally, ST Germain D J Co. Inc. lifted its stake in shares of MicroStrategy by 900.0% in the third quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock valued at $29,000 after buying an additional 153 shares during the period. 72.03% of the stock is currently owned by institutional investors and hedge funds.

MicroStrategy Trading Down 12.3 %

The business has a 50-day moving average of $239.06 and a two-hundred day moving average of $178.58. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $71.67 billion, a price-to-earnings ratio of -167.63 and a beta of 3.05.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data 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 for 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 business’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same quarter in the prior 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.