MicroStrategy (NASDAQ:MSTR) Given New $500.00 Price Target at Maxim Group

MicroStrategy (NASDAQ:MSTR) had its price target raised by equities research analysts at Maxim Group from $480.00 to $500.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the software maker’s stock. Maxim Group’s target price suggests a potential upside of 52.64% from the stock’s previous close.

MSTR has been the topic of several other reports. Cantor Fitzgerald raised their price objective on MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research report on Thursday. Mizuho initiated coverage on MicroStrategy in a research report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price target on the stock. Compass Point upgraded MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. TD Cowen lifted their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Finally, Benchmark reissued a “buy” rating and set a $650.00 target price on shares of MicroStrategy in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $546.30.

MicroStrategy Stock Performance

NASDAQ MSTR opened at $327.56 on Thursday. The business’s 50-day simple moving average is $355.07 and its 200-day simple moving average is $255.52. The firm has a market capitalization of $78.50 billion, a P/E ratio of -155.46 and a beta of 3.25. MicroStrategy has a 1-year low of $52.51 and a 1-year high of $543.00. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%.

Insider Buying and Selling at MicroStrategy

In other MicroStrategy news, EVP Wei-Ming Shao sold 18,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the transaction, the executive vice president now owns 6,460 shares of the company’s stock, valued at $2,377,344.60. This trade represents a 73.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Stephen X. Graham sold 20,000 shares of MicroStrategy stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value 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 approximately $3,145,979.20. The trade was a 74.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,050 shares of company stock worth $16,314,110 in the last ninety days. 9.16% of the stock is owned by insiders.

Institutional Trading of MicroStrategy

A number of institutional investors and hedge funds have recently modified their holdings of the business. Sequoia Financial Advisors LLC grew its position in shares of MicroStrategy by 22.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 5,935 shares of the software maker’s stock valued at $1,719,000 after buying an additional 1,089 shares during the last quarter. Moors & Cabot Inc. boosted its stake in MicroStrategy by 7.3% in the fourth quarter. Moors & Cabot Inc. now owns 54,892 shares of the software maker’s stock valued at $15,898,000 after acquiring an additional 3,752 shares during the period. Avantax Planning Partners Inc. bought a new position in shares of MicroStrategy during the fourth quarter valued at approximately $340,000. Wallace Hart LLC grew its stake in MicroStrategy by 70.1% during the 4th quarter. Wallace Hart LLC now owns 5,102 shares of the software maker’s stock worth $1,478,000 after buying an additional 2,102 shares during the last quarter. Finally, Miller Financial Services LLC acquired a new stake in MicroStrategy in the fourth quarter worth $667,000. 59.84% of the stock is 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.