Canaccord Genuity Group Lowers MicroStrategy (NASDAQ:MSTR) Price Target to $1,590.00

MicroStrategy (NASDAQ:MSTR) had its price target trimmed by Canaccord Genuity Group from $1,810.00 to $1,590.00 in a research report report published on Tuesday, Benzinga reports. The firm currently has a buy rating on the software maker’s stock.

Several other brokerages have also issued reports on MSTR. BTIG Research increased their price target on MicroStrategy from $780.00 to $1,800.00 and gave the stock a buy rating in a report on Friday, April 5th. Benchmark reiterated a buy rating and issued a $1,875.00 target price on shares of MicroStrategy in a report on Thursday, April 25th. TD Cowen decreased their price target on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an outperform rating for the company in a research note on Wednesday, March 20th. Finally, StockNews.com raised shares of MicroStrategy to a sell rating in a research note on Monday, March 18th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $1,678.75.

MicroStrategy Price Performance

Shares of MSTR opened at $1,223.01 on Tuesday. The firm has a market cap of $20.75 billion, a PE ratio of -182.54 and a beta of 3.00. MicroStrategy has a 52-week low of $266.00 and a 52-week high of $1,999.99. The business’s 50 day moving average price is $1,385.71 and its two-hundred day moving average price is $829.16. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.78.

MicroStrategy (NASDAQ:MSTR) last issued its earnings results on Tuesday, February 6th. The software maker reported $5.62 earnings per share (EPS) for the quarter. MicroStrategy had a negative net margin of 17.40% and a negative return on equity of 8.37%. The business had revenue of $124.48 million for the quarter, compared to analyst estimates of $134.90 million.

Insider Activity at MicroStrategy

In other MicroStrategy news, EVP Wei-Ming Shao sold 350 shares of MicroStrategy stock in a transaction on Monday, February 12th. The shares were sold at an average price of $711.32, for a total transaction of $248,962.00. Following the transaction, the executive vice president now directly owns 453 shares of the company’s stock, valued at approximately $322,227.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other MicroStrategy news, EVP Wei-Ming Shao sold 350 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $711.32, for a total value of $248,962.00. Following the completion of the sale, the executive vice president now owns 453 shares in the company, valued at approximately $322,227.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Michael J. Saylor sold 1,140 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $1,951.33, for a total value of $2,224,516.20. Following the completion of the transaction, the chairman now owns 1,140 shares in the company, valued at approximately $2,224,516.20. The disclosure for this sale can be found here. In the last three months, insiders sold 102,452 shares of company stock valued at $115,133,997. 13.18% of the stock is owned by insiders.

Hedge Funds Weigh In On MicroStrategy

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Rise Advisors LLC boosted its stake in shares of MicroStrategy by 233.3% in the 1st quarter. Rise Advisors LLC now owns 20 shares of the software maker’s stock worth $34,000 after buying an additional 14 shares during the last quarter. ST Germain D J Co. Inc. purchased a new position in MicroStrategy in the first quarter valued at approximately $29,000. CWM LLC lifted its stake in MicroStrategy by 7.3% in the fourth quarter. CWM LLC now owns 396 shares of the software maker’s stock valued at $250,000 after purchasing an additional 27 shares during the last quarter. Signaturefd LLC lifted its stake in MicroStrategy by 85.3% in the fourth quarter. Signaturefd LLC now owns 63 shares of the software maker’s stock valued at $40,000 after purchasing an additional 29 shares during the last quarter. Finally, Parallel Advisors LLC lifted its stake in MicroStrategy by 30.7% in the fourth quarter. Parallel Advisors LLC now owns 132 shares of the software maker’s stock valued at $83,000 after purchasing an additional 31 shares during 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.