Barclays Cuts MicroStrategy (NASDAQ:MSTR) Price Target to $421.00

MicroStrategy (NASDAQ:MSTR) had its price objective dropped by equities research analysts at Barclays from $515.00 to $421.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the software maker’s stock. Barclays‘s price objective would suggest a potential upside of 28.53% from the stock’s previous close.

Several other research firms have also weighed in on MSTR. Keefe, Bruyette & Woods assumed coverage on shares of MicroStrategy in a research note on Friday. They set an “outperform” rating and a $560.00 price objective on the stock. Cantor Fitzgerald increased their price target on MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research report on Thursday. BTIG Research raised their price target on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Compass Point upgraded MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $600.00 target price on shares of MicroStrategy in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $536.90.

MicroStrategy Stock Up 0.6 %

NASDAQ MSTR opened at $327.56 on Monday. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. MicroStrategy has a fifty-two week low of $52.51 and a fifty-two week high of $543.00. The business has a 50 day moving average price of $355.07 and a two-hundred day moving average price of $256.73. The stock has a market cap of $78.50 billion, a PE ratio of -58.15 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Insider Activity at MicroStrategy

In other MicroStrategy news, CEO Phong Le sold 1,252 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $322.45, for a total value of $403,707.40. Following the transaction, the chief executive officer now directly owns 13,918 shares in the company, valued at $4,487,859.10. The trade was a 8.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen X. Graham sold 20,000 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 6,970 shares in the company, valued at $3,145,979.20. This trade represents a 74.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,050 shares of company stock worth $16,314,110 in the last ninety days. 9.16% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MSTR. GPS Wealth Strategies Group LLC increased its stake in shares of MicroStrategy by 3.2% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock valued at $324,000 after buying an additional 35 shares during the period. Versant Capital Management Inc increased its position in MicroStrategy by 38.2% in the fourth quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock worth $41,000 after purchasing an additional 39 shares during the period. WR Wealth Planners LLC raised its holdings in MicroStrategy by 22.6% during the 4th quarter. WR Wealth Planners LLC now owns 260 shares of the software maker’s stock worth $75,000 after purchasing an additional 48 shares during the last quarter. Sterling Investment Advisors Ltd. lifted its position in MicroStrategy by 0.9% during the 4th quarter. Sterling Investment Advisors Ltd. now owns 5,380 shares of the software maker’s stock valued at $1,558,000 after purchasing an additional 50 shares during the period. Finally, Mesirow Financial Investment Management Inc. boosted its stake in shares of MicroStrategy by 2.5% in the 4th quarter. Mesirow Financial Investment Management Inc. now owns 2,050 shares of the software maker’s stock valued at $594,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 59.84% of the company’s stock.

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.