Benchmark Reaffirms “Buy” Rating for MicroStrategy (NASDAQ:MSTR)

Benchmark restated their buy rating on shares of MicroStrategy (NASDAQ:MSTR) in a report issued on Thursday morning, Benzinga reports. They currently have a $1,875.00 price objective on the software maker’s stock.

A number of other research analysts also recently issued reports on the company. Canaccord Genuity Group reissued a buy rating and issued a $1,810.00 price target on shares of MicroStrategy in a report on Thursday, March 28th. BTIG Research boosted their price target on MicroStrategy from $780.00 to $1,800.00 and gave the company a buy rating in a report on Friday, April 5th. StockNews.com raised MicroStrategy to a sell rating in a report on Monday, March 18th. Finally, TD Cowen reduced their target price on 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. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $1,473.00.

MicroStrategy Stock Performance

Shares of MicroStrategy stock traded down $3.43 on Thursday, reaching $1,236.98. 459,684 shares of the stock were exchanged, compared to its average volume of 2,134,675. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.01. MicroStrategy has a twelve month low of $266.00 and a twelve month high of $1,999.99. The firm has a market capitalization of $20.99 billion, a price-to-earnings ratio of 44.02 and a beta of 2.89. The business has a 50 day moving average price of $1,339.55 and a two-hundred day moving average price of $800.40.

MicroStrategy (NASDAQ:MSTR) last released its earnings results on Tuesday, February 6th. The software maker reported $5.62 EPS for the quarter. MicroStrategy had a return on equity of 42.81% and a net margin of 86.47%. The firm had revenue of $124.48 million during the quarter, compared to the consensus estimate of $134.90 million.

Insider Buying and Selling at MicroStrategy

In other MicroStrategy news, Chairman Michael J. Saylor sold 5,000 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $507.91, for a total value of $2,539,550.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Jarrod M. Patten sold 400 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $638.39, for a total transaction of $255,356.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Michael J. Saylor sold 5,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $507.91, for a total value of $2,539,550.00. The disclosure for this sale can be found here. Insiders sold a total of 117,452 shares of company stock worth $122,745,797 in the last three months. 13.18% of the stock is owned by corporate insiders.

Institutional Trading of MicroStrategy

A number of hedge funds and other institutional investors have recently modified their holdings of MSTR. Norges Bank acquired a new stake in shares of MicroStrategy during the 4th quarter worth about $70,990,000. Vanguard Group Inc. boosted its holdings in MicroStrategy by 10.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,126,980 shares of the software maker’s stock valued at $369,965,000 after acquiring an additional 103,107 shares during the period. APEIRON CAPITAL Ltd purchased a new position in MicroStrategy during the 1st quarter valued at about $53,864,000. UBS Group AG boosted its holdings in MicroStrategy by 376.9% during the 3rd quarter. UBS Group AG now owns 36,504 shares of the software maker’s stock valued at $11,984,000 after acquiring an additional 28,850 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in MicroStrategy during the 4th quarter valued at about $12,367,000. 72.03% of the stock is owned by institutional investors and hedge funds.

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.