MicroStrategy (NASDAQ:MSTR) Trading Up 6.5% on Analyst Upgrade

MicroStrategy Incorporated (NASDAQ:MSTR) shot up 6.5% on Friday after Benchmark raised their price target on the stock from $215.00 to $245.00. Benchmark currently has a buy rating on the stock. MicroStrategy traded as high as $208.07 and last traded at $206.02. 6,251,694 shares were traded during trading, a decline of 62% from the average session volume of 16,304,191 shares. The stock had previously closed at $193.42.

Other research analysts have also recently issued research reports about the stock. Sanford C. Bernstein cut their price target on shares of MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating for the company in a research note on Wednesday, October 9th. Cantor Fitzgerald assumed coverage on shares of MicroStrategy in a research note on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 target price for the company. TD Cowen upped their price target on MicroStrategy from $195.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Barclays increased their price objective on shares of MicroStrategy from $173.00 to $225.00 and gave the company an “overweight” rating in a report on Monday. Finally, Canaccord Genuity Group reduced their target price on MicroStrategy from $185.00 to $173.00 and set a “buy” rating on the stock in a report on Monday, September 16th. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, MicroStrategy currently has an average rating of “Moderate Buy” and an average price target of $212.50.

Insider Buying and Selling

In other MicroStrategy news, EVP Wei-Ming Shao sold 3,000 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total transaction of $423,600.00. Following the completion of the transaction, the executive vice president now owns 6,460 shares in the company, valued at approximately $912,152. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Wei-Ming Shao sold 3,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total value of $423,600.00. Following the completion of the transaction, the executive vice president now owns 6,460 shares in the company, valued at $912,152. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Phong Le sold 50,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were 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 owns 12,670 shares of the company’s stock, valued at $1,752,007.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 101,838 shares of company stock worth $13,950,265 over the last ninety days. Company insiders own 13.18% of the company’s stock.

Institutional Investors Weigh In On MicroStrategy

Hedge funds have recently bought and sold shares of the company. UMB Bank n.a. lifted 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 last quarter. AlphaMark Advisors LLC lifted its stake in shares of MicroStrategy by 2,900.0% in the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock worth $25,000 after acquiring an additional 145 shares during the period. ST Germain D J Co. Inc. lifted its stake in shares of MicroStrategy by 900.0% in the 3rd quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock valued at $29,000 after purchasing an additional 153 shares during the period. Rise Advisors LLC grew its holdings in MicroStrategy by 233.3% in the first quarter. Rise Advisors LLC now owns 20 shares of the software maker’s stock worth $34,000 after purchasing an additional 14 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of MicroStrategy during the second quarter valued at approximately $37,000. 72.03% of the stock is currently owned by institutional investors and hedge funds.

MicroStrategy Trading Up 11.0 %

The company has a market capitalization of $38.08 billion, a P/E ratio of -31.90 and a beta of 3.11. The firm’s 50-day moving average price is $150.27 and its 200 day moving average price is $147.36. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.31.

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

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.