MicroStrategy’s (MSTR) “Buy” Rating Reiterated at Benchmark

MicroStrategy (NASDAQ:MSTR)‘s stock had its “buy” rating reissued by Benchmark in a report issued on Tuesday,Benzinga reports. They presently have a $650.00 target price on the software maker’s stock. Benchmark’s price objective indicates a potential upside of 89.53% from the stock’s previous close.

Several other equities research analysts have also recently commented on the company. Canaccord Genuity Group boosted their target price on MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Sanford C. Bernstein restated an “outperform” rating and issued a $600.00 price objective on shares of MicroStrategy in a report on Thursday, December 12th. Maxim Group lifted their target price on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. TD Cowen increased their target price on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Finally, Barclays lifted their target price on MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $479.25.

MicroStrategy Stock Up 4.4 %

Shares of NASDAQ MSTR traded up $14.55 during trading on Tuesday, reaching $342.95. 4,272,918 shares of the stock were exchanged, compared to its average volume of 18,486,229. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The business’s 50-day moving average price is $355.08 and its 200 day moving average price is $228.98. MicroStrategy has a twelve month low of $43.87 and a twelve month high of $543.00. The company has a market capitalization of $82.19 billion, a price-to-earnings ratio of -162.77 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($1.44). MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The business had revenue of $116.07 million during the quarter, compared to analyst estimates of $121.45 million. During the same period in the prior year, the firm earned ($8.98) EPS. The business’s revenue for the quarter was down 10.3% compared to the same quarter last year.

Insiders Place Their Bets

In other MicroStrategy news, Director Stephen X. Graham sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value of $9,027,200.00. Following the completion of the sale, the director now owns 6,970 shares in the company, valued at approximately $3,145,979.20. This trade represents a 74.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jeanine Montgomery sold 56,250 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total value of $14,479,312.50. Following the completion of the transaction, the chief accounting officer now owns 5,670 shares of the company’s stock, valued at $1,459,514.70. The trade was a 90.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,000 shares of company stock valued at $32,259,177 over the last 90 days. 13.18% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Versant Capital Management Inc increased its stake in shares of MicroStrategy by 38.2% in the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock valued at $41,000 after acquiring an additional 39 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of MicroStrategy in the 2nd quarter valued at $106,000. Magnetar Financial LLC increased its position in shares of MicroStrategy by 31.6% in the 2nd quarter. Magnetar Financial LLC now owns 337 shares of the software maker’s stock valued at $464,000 after buying an additional 81 shares in the last quarter. Newbridge Financial Services Group Inc. raised its stake in MicroStrategy by 10.9% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 887 shares of the software maker’s stock worth $1,222,000 after buying an additional 87 shares during the period. Finally, Semmax Financial Advisors Inc. lifted its holdings in shares of MicroStrategy by 900.0% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 100 shares of the software maker’s stock valued at $138,000 after purchasing an additional 90 shares in the last quarter. Institutional investors own 59.84% 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.