Canaccord Genuity Group Lowers MicroStrategy (NASDAQ:MSTR) Price Target to $409.00

MicroStrategy (NASDAQ:MSTR) had its price target lowered by stock analysts at Canaccord Genuity Group from $510.00 to $409.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the software maker’s stock. Canaccord Genuity Group’s price objective points to a potential upside of 24.86% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. BTIG Research increased their price target on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Maxim Group increased their price target on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Compass Point upgraded MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $600.00 price target on shares of MicroStrategy in a research note on Thursday, December 12th. Finally, Mizuho assumed coverage on MicroStrategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $546.30.

MicroStrategy Trading Up 0.6 %

Shares of NASDAQ MSTR opened at $327.56 on Thursday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $78.50 billion, a P/E ratio of -155.46 and a beta of 3.25. MicroStrategy has a 1-year low of $52.51 and a 1-year high of $543.00. The business has a fifty day moving average price of $355.07 and a 200 day moving average price of $255.52.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%.

Insider Activity at MicroStrategy

In other MicroStrategy news, EVP Wei-Ming Shao sold 18,000 shares of MicroStrategy stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total value of $6,624,180.00. Following the completion of the transaction, the executive vice president now owns 6,460 shares of the company’s stock, valued at approximately $2,377,344.60. The trade was a 73.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jeanine Montgomery sold 752 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $322.45, for a total transaction of $242,482.40. Following the sale, the chief accounting officer now directly owns 6,418 shares in the company, valued at approximately $2,069,484.10. The trade was a 10.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,050 shares of company stock worth $16,314,110. 9.16% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MicroStrategy

Hedge funds have recently modified their holdings of the company. UMB Bank n.a. boosted its stake in shares of MicroStrategy by 900.0% during the 3rd quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock worth $25,000 after acquiring an additional 135 shares in the last quarter. AlphaMark Advisors LLC boosted its stake in shares of MicroStrategy by 2,900.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock worth $25,000 after acquiring an additional 145 shares in the last quarter. Riverview Trust Co purchased a new stake in shares of MicroStrategy during the 4th quarter worth about $25,000. Capital Performance Advisors LLP purchased a new stake in shares of MicroStrategy during the 3rd quarter worth about $27,000. Finally, Sunbelt Securities Inc. boosted its stake in shares of MicroStrategy by 900.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after acquiring an additional 144 shares in the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

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.