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

Barclays initiated coverage on shares of MicroStrategy (NASDAQ:MSTR) in a research note issued to investors on Friday, MarketBeat.com reports. The firm issued an overweight rating and a $146.00 price target on the software maker’s stock.

Other analysts also recently issued research reports about the stock. Benchmark boosted their price objective on shares of MicroStrategy from $187.50 to $215.00 and gave the company a buy rating in a report on Friday, August 2nd. Cantor Fitzgerald began coverage on shares of MicroStrategy in a report on Wednesday, August 21st. They issued an overweight rating and a $194.00 price objective for the company. TD Cowen boosted their price objective on shares of MicroStrategy from $145.00 to $188.00 and gave the company a buy rating in a report on Friday, June 21st. Canaccord Genuity Group cut their price objective on shares of MicroStrategy from $204.70 to $182.60 and set a buy rating for the company in a report on Monday, June 24th. Finally, Maxim Group boosted their price objective on shares of MicroStrategy from $183.50 to $193.00 and gave the company a buy rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $198.45.

MicroStrategy Stock Performance

NASDAQ MSTR opened at $114.30 on Friday. The firm has a 50-day moving average of $142.04 and a 200-day moving average of $141.51. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a market cap of $20.27 billion, a PE ratio of -17.06 and a beta of 3.11. MicroStrategy has a 52-week low of $30.71 and a 52-week high of $200.00.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Thursday, August 1st. The software maker reported ($0.57) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.48). The business had revenue of $111.44 million for the quarter, compared to the consensus estimate of $121.99 million. MicroStrategy had a negative return on equity of 14.72% and a negative net margin of 43.69%. MicroStrategy’s revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.15 earnings per share.

Insider Activity

In other 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 value of $6,612,665.20. Following the completion of the transaction, the chief executive officer now directly owns 12,670 shares in the company, valued at approximately $1,715,518. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Phong Le sold 48,838 shares of the company’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 completion of the transaction, the chief executive officer now directly owns 12,670 shares in the company, valued at approximately $1,715,518. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Wei-Ming Shao sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total transaction of $423,600.00. Following the transaction, the executive vice president now owns 6,460 shares of the company’s stock, valued at $912,152. The disclosure for this sale can be found here. In the last ninety days, insiders sold 101,838 shares of company stock worth $13,950,265. 13.18% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On MicroStrategy

A number of institutional investors have recently added to or reduced their stakes in the stock. ST Germain D J Co. Inc. bought a new stake in MicroStrategy during the 1st quarter worth approximately $29,000. Rise Advisors LLC grew its holdings in MicroStrategy by 233.3% during the 1st quarter. Rise Advisors LLC now owns 20 shares of the software maker’s stock worth $34,000 after acquiring an additional 14 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in MicroStrategy during the 2nd quarter worth approximately $37,000. GAMMA Investing LLC grew its holdings in MicroStrategy by 36.4% during the 2nd quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock worth $41,000 after acquiring an additional 8 shares during the last quarter. Finally, Salem Investment Counselors Inc. bought a new stake in MicroStrategy during the 1st quarter worth approximately $55,000. 72.03% of the stock is currently owned by institutional investors and hedge funds.

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.