MicroStrategy Incorporated (NASDAQ:MSTR) Receives $1,473.00 Average PT from Analysts

MicroStrategy Incorporated (NASDAQ:MSTR) has been assigned an average recommendation of “Buy” from the four research firms that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have covered the stock in the last year is $1,678.75.

MSTR has been the topic of several recent research reports. TD Cowen decreased their price target on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 20th. Canaccord Genuity Group cut their target price on MicroStrategy from $1,810.00 to $1,590.00 and set a “buy” rating on the stock in a research report on Tuesday. BTIG Research increased their price target on MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Benchmark restated a “buy” rating and set a $1,875.00 price objective on shares of MicroStrategy in a report on Thursday, April 25th. Finally, StockNews.com raised shares of MicroStrategy to a “sell” rating in a research report on Monday, March 18th.

MicroStrategy Stock Performance

Shares of NASDAQ MSTR opened at $1,065.03 on Friday. MicroStrategy has a 1 year low of $266.00 and a 1 year high of $1,999.99. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a fifty day moving average price of $1,363.08 and a two-hundred day moving average price of $820.38. The firm has a market cap of $18.07 billion, a P/E ratio of 37.79 and a beta of 2.89.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Tuesday, February 6th. The software maker reported $5.62 earnings per share for the quarter. MicroStrategy had a return on equity of 42.81% and a net margin of 86.47%. The business had revenue of $124.48 million during the quarter, compared to analysts’ expectations of $134.90 million.

Insider Buying and Selling at MicroStrategy

In related news, Chairman Michael J. Saylor sold 5,000 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $1,295.80, for a total value of $6,479,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Chairman Michael J. Saylor sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $1,295.80, for a total transaction of $6,479,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jarrod M. Patten sold 400 shares of MicroStrategy stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $638.39, for a total value of $255,356.00. The disclosure for this sale can be found here. Insiders sold a total of 107,452 shares of company stock valued at $117,637,097 in the last quarter. Corporate insiders own 13.18% of the company’s stock.

Institutional Investors Weigh In On MicroStrategy

Several large investors have recently made changes to their positions in the stock. ST Germain D J Co. Inc. bought a new position in MicroStrategy during the 1st quarter worth $29,000. Rise Advisors LLC grew its position in shares of MicroStrategy by 233.3% during the 1st quarter. Rise Advisors LLC now owns 20 shares of the software maker’s stock worth $34,000 after purchasing an additional 14 shares in the last quarter. Salem Investment Counselors Inc. bought a new position in shares of MicroStrategy during the first quarter worth approximately $55,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of MicroStrategy in the first quarter valued at approximately $58,000. Finally, Avondale Wealth Management bought a new stake in shares of MicroStrategy in the first quarter valued at approximately $61,000. Institutional investors and hedge funds own 72.03% 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.