MicroStrategy Incorporated (NASDAQ:MSTR) Given Average Rating of “Buy” by Analysts

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) have been assigned a consensus rating of “Buy” from the eight brokerages that are covering the firm, MarketBeat.com reports. Eight research analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $479.25.

Several equities analysts have recently issued reports on MSTR shares. BTIG Research upped their target price on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a report on Thursday, November 21st. TD Cowen upped their price objective on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Barclays lifted their target price on MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Canaccord Genuity Group increased their price target on shares of MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Finally, Benchmark lifted their price objective on shares of MicroStrategy from $450.00 to $650.00 and gave the stock a “buy” rating in a research report on Monday, November 25th.

MicroStrategy Price Performance

MSTR opened at $339.66 on Wednesday. The firm’s fifty day moving average price is $343.44 and its two-hundred day moving average price is $220.81. The company has a market capitalization of $81.40 billion, a price-to-earnings ratio of -161.20 and a beta of 3.25. 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 has a 1 year low of $43.87 and a 1 year high of $543.00.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($1.44). The firm had revenue of $116.07 million for the quarter, compared to analysts’ expectations of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The firm’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($8.98) earnings per share.

Insider Buying and Selling at MicroStrategy

In other MicroStrategy news, CAO Jeanine Montgomery sold 56,250 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the sale, the chief accounting officer now owns 5,670 shares in the company, valued at $1,459,514.70. This represents a 90.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Andrew Kang sold 5,700 shares of MicroStrategy stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total value of $1,465,755.00. Following the completion of the transaction, the chief financial officer now owns 12,080 shares of the company’s stock, valued at approximately $3,106,372. This trade represents a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,000 shares of company stock valued at $32,259,177 over the last three months. 13.18% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MicroStrategy

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Everence Capital Management Inc. bought a new position in shares of MicroStrategy in the fourth quarter valued at approximately $1,413,000. GAMMA Investing LLC boosted its holdings in MicroStrategy by 56.5% in the 4th quarter. GAMMA Investing LLC now owns 562 shares of the software maker’s stock valued at $163,000 after purchasing an additional 203 shares during the period. Versant Capital Management Inc grew its position in shares of MicroStrategy by 38.2% during the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock valued at $41,000 after purchasing an additional 39 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of MicroStrategy by 781.4% in the third quarter. Principal Financial Group Inc. now owns 46,483 shares of the software maker’s stock worth $7,837,000 after purchasing an additional 41,209 shares during the period. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of MicroStrategy in the third quarter worth $254,000. 59.84% of the stock is currently owned by institutional investors.

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.