MicroStrategy (NASDAQ:MSTR) Price Target Raised to $200.00

MicroStrategy (NASDAQ:MSTR) had its price objective hoisted by TD Cowen from $195.00 to $200.00 in a research report report published on Monday morning, Benzinga reports. They currently have a buy rating on the software maker’s stock.

MSTR has been the subject of a number of other research reports. Canaccord Genuity Group dropped their price target on MicroStrategy from $185.00 to $173.00 and set a buy rating for the company in a research report on Monday, September 16th. Cantor Fitzgerald began coverage on shares of MicroStrategy in a report on Wednesday, August 21st. They set an overweight rating and a $194.00 target price for the company. Barclays started coverage on shares of MicroStrategy in a report on Friday, September 6th. They issued an overweight rating and a $146.00 price target on the stock. Benchmark raised their price objective on shares of MicroStrategy from $187.50 to $215.00 and gave the stock a buy rating in a research note on Friday, August 2nd. Finally, Sanford C. Bernstein raised MicroStrategy to a strong-buy rating in a research note on Friday, June 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $202.13.

MicroStrategy Stock Performance

NASDAQ:MSTR opened at $151.94 on Monday. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a market cap of $26.95 billion, a price-to-earnings ratio of -22.68 and a beta of 3.10. The firm’s fifty day moving average price is $141.85 and its 200 day moving average price is $145.39. MicroStrategy has a 1-year low of $30.71 and a 1-year high of $200.00.

MicroStrategy (NASDAQ:MSTR) last released its 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 during the quarter, compared to analyst estimates of $121.99 million. MicroStrategy had a negative net margin of 43.69% and a negative return on equity of 14.72%. MicroStrategy’s revenue was down 7.4% compared to the same quarter last year. During the same period last year, the business posted $0.15 EPS.

Insider Transactions at MicroStrategy

In related news, CEO Phong Le sold 50,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $138.28, for a total value of $6,914,000.00. Following the completion of the transaction, the chief executive officer now directly owns 12,670 shares in the company, valued at $1,752,007.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other MicroStrategy news, EVP Wei-Ming Shao sold 3,000 shares of MicroStrategy stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total value of $423,600.00. Following the transaction, the executive vice president now owns 6,460 shares in the company, valued at approximately $912,152. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Phong Le sold 50,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $138.28, for a total transaction of $6,914,000.00. Following the sale, the chief executive officer now directly owns 12,670 shares of the company’s stock, valued at $1,752,007.60. The disclosure for this sale can be found here. Insiders have sold 101,838 shares of company stock worth $13,950,265 over the last quarter. 13.18% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MicroStrategy

A number of institutional investors have recently added to or reduced their stakes in MSTR. Newbridge Financial Services Group Inc. raised its holdings in shares of MicroStrategy by 10.9% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 887 shares of the software maker’s stock worth $1,222,000 after purchasing an additional 87 shares during the period. Sanctuary Advisors LLC purchased a new position in MicroStrategy in the second quarter valued at approximately $553,000. Gordian Capital Singapore Pte Ltd lifted its position in MicroStrategy by 2,416.7% during the second quarter. Gordian Capital Singapore Pte Ltd now owns 151 shares of the software maker’s stock valued at $208,000 after buying an additional 145 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in MicroStrategy during the second quarter worth approximately $106,000. Finally, SRN Advisors LLC increased its position in shares of MicroStrategy by 16.1% in the second quarter. SRN Advisors LLC now owns 2,122 shares of the software maker’s stock worth $2,923,000 after acquiring an additional 294 shares in the last quarter. Hedge funds and other institutional investors own 72.03% of the company’s stock.

About MicroStrategy

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.