MicroStrategy Incorporated (NASDAQ:MSTR) Receives Average Rating of “Buy” from Analysts

MicroStrategy Incorporated (NASDAQ:MSTR) has been assigned a consensus rating of “Buy” from the eight analysts that are currently covering the firm, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $479.25.

MSTR has been the topic of a number of research analyst reports. Canaccord Genuity Group upped their price target on shares of MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Maxim Group raised their target price on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Barclays increased their price objective on MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $600.00 target price on shares of MicroStrategy in a research report on Thursday, December 12th. Finally, TD Cowen increased their price target on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 25th.

Insider Activity at MicroStrategy

In related news, EVP Wei-Ming Shao sold 18,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the completion of the sale, the executive vice president now owns 6,460 shares of the company’s stock, valued at $2,377,344.60. This represents a 73.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Jeanine Montgomery sold 752 shares of MicroStrategy stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total transaction of $242,482.40. Following the completion of the transaction, the chief accounting officer now directly owns 6,418 shares in the company, valued at $2,069,484.10. This represents a 10.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,000 shares of company stock valued at $32,259,177 over the last quarter. 9.16% of the stock is owned by corporate insiders.

Institutional Trading of MicroStrategy

A number of institutional investors have recently made changes to their positions in the business. GPS Wealth Strategies Group LLC raised its stake in MicroStrategy by 3.2% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock valued at $324,000 after buying an additional 35 shares during the last quarter. Versant Capital Management Inc boosted its stake in MicroStrategy by 38.2% in the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock worth $41,000 after purchasing an additional 39 shares in the last quarter. Masso Torrence Wealth Management Inc. grew its position in MicroStrategy by 1.8% during the 4th quarter. Masso Torrence Wealth Management Inc. now owns 3,055 shares of the software maker’s stock worth $885,000 after purchasing an additional 55 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in MicroStrategy by 3.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,083 shares of the software maker’s stock valued at $603,000 after purchasing an additional 65 shares in the last quarter. Finally, Means Investment CO. Inc. raised its holdings in shares of MicroStrategy by 2.2% in the fourth quarter. Means Investment CO. Inc. now owns 3,159 shares of the software maker’s stock worth $915,000 after buying an additional 67 shares during the last quarter. Institutional investors and hedge funds own 59.84% of the company’s stock.

MicroStrategy Stock Down 5.2 %

Shares of NASDAQ MSTR opened at $353.67 on Friday. MicroStrategy has a 1 year low of $44.59 and a 1 year high of $543.00. The firm has a 50-day simple moving average of $367.79 and a two-hundred day simple moving average of $243.47. The company has a market cap of $84.76 billion, a P/E ratio of -167.85 and a beta of 3.25. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (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 for the quarter, compared to the consensus estimate of $121.45 million. During the same period in the prior year, the business posted ($8.98) earnings per share. MicroStrategy’s revenue was down 10.3% on a year-over-year basis.

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.