MicroStrategy (NASDAQ:MSTR) Receives New Coverage from Analysts at Maxim Group

Maxim Group initiated coverage on shares of MicroStrategy (NASDAQ:MSTR) in a report issued on Tuesday, Marketbeat.com reports. The brokerage issued a buy rating and a $1,835.00 price target on the software maker’s stock.

Several other equities research analysts have also recently issued reports on the stock. Benchmark reissued a buy rating and issued a $1,875.00 target price on shares of MicroStrategy in a research report on Thursday, April 25th. TD Cowen boosted their price objective on shares of MicroStrategy from $1,450.00 to $1,880.00 and gave the company a buy rating in a research note on Friday, June 21st. Canaccord Genuity Group cut their target price on MicroStrategy from $2,047.00 to $1,826.00 and set a buy rating on the stock in a research report on Monday, June 24th. StockNews.com raised MicroStrategy to a sell rating in a research report on Monday, March 18th. Finally, Sanford C. Bernstein upgraded MicroStrategy to a strong-buy rating in a report on Friday, June 14th. One analyst has rated the stock with a sell rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $2,017.67.

MicroStrategy Stock Down 9.7 %

MSTR stock opened at $1,377.48 on Tuesday. The company has a 50 day moving average price of $1,446.88 and a two-hundred day moving average price of $1,121.36. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.78 and a current ratio of 0.78. The stock has a market capitalization of $24.44 billion, a P/E ratio of -205.59 and a beta of 3.08. MicroStrategy has a one year low of $307.11 and a one year high of $1,999.99.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data on Monday, April 29th. The software maker reported ($8.26) 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 $115.25 million during the quarter, compared to analysts’ expectations of $124.80 million.

Insider Transactions at MicroStrategy

In other news, Chairman Michael J. Saylor sold 5,000 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $1,638.91, for a total transaction of $8,194,550.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have sold 40,856 shares of company stock valued at $59,250,731. Corporate insiders own 13.18% of the company’s stock.

Institutional Trading of MicroStrategy

Several hedge funds have recently added to or reduced their stakes in MSTR. ST Germain D J Co. Inc. bought a new position in MicroStrategy during the first quarter worth $29,000. Principal Securities Inc. acquired a new position in shares of MicroStrategy during the fourth quarter valued at about $31,000. Harvest Fund Management Co. Ltd grew its position in MicroStrategy by 307.7% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 53 shares of the software maker’s stock worth $33,000 after buying an additional 40 shares in the last quarter. Rise Advisors LLC increased its stake in MicroStrategy by 233.3% during the first quarter. Rise Advisors LLC now owns 20 shares of the software maker’s stock valued at $34,000 after acquiring an additional 14 shares during the period. Finally, Signaturefd LLC lifted its position in shares of MicroStrategy by 85.3% in the 4th quarter. Signaturefd LLC now owns 63 shares of the software maker’s stock worth $40,000 after acquiring an additional 29 shares during the period. Institutional investors 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.