MicroStrategy (NASDAQ:MSTR) Price Target Raised to $173.00

by · The Cerbat Gem

MicroStrategy (NASDAQ:MSTR – Free Report) had its price objective increased by Barclays from $146.00 to $173.00 in a research note published on Monday morning, Benzinga reports. Barclays currently has an overweight rating on the software maker’s stock.

A number of other equities analysts have also weighed in on the stock. Maxim Group boosted their price objective on shares of MicroStrategy from $183.50 to $193.00 and gave the company a buy rating in a research report on Friday, August 2nd. Cantor Fitzgerald assumed coverage on MicroStrategy in a research note on Wednesday, August 21st. They set an overweight rating and a $194.00 price target on the stock. TD Cowen lifted their price objective on MicroStrategy from $195.00 to $200.00 and gave the company a buy rating in a research report on Monday. Sanford C. Bernstein upgraded MicroStrategy to a strong-buy rating in a research note on Friday, June 14th. Finally, Canaccord Genuity Group decreased their price target on MicroStrategy from $185.00 to $173.00 and set a buy rating on the stock in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, MicroStrategy presently has a consensus rating of Moderate Buy and a consensus target price of $202.13.

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MicroStrategy Price Performance

Shares of NASDAQ:MSTR opened at $165.98 on Monday. MicroStrategy has a one year low of $30.71 and a one year high of $200.00. The stock has a market cap of $29.44 billion, a PE ratio of -24.77 and a beta of 3.10. The business’s fifty day moving average price is $142.06 and its two-hundred day moving average price is $145.53. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.47 and a current ratio of 0.47.

MicroStrategy (NASDAQ:MSTR – Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The software maker reported ($0.57) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.48). MicroStrategy had a negative net margin of 43.69% and a negative return on equity of 14.72%. The company had revenue of $111.44 million for the quarter, compared to analyst estimates of $121.99 million. During the same period in the previous year, the business earned $0.15 EPS. The firm’s revenue was down 7.4% on a year-over-year basis.

Insider Buying and Selling at MicroStrategy

In other news, EVP Wei-Ming Shao sold 3,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total value of $423,600.00. Following the transaction, the executive vice president now directly owns 6,460 shares in the company, valued at approximately $912,152. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other MicroStrategy news, EVP Wei-Ming Shao sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total transaction of $423,600.00. Following the completion of the sale, the executive vice president now directly owns 6,460 shares in the company, valued at $912,152. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Phong Le sold 50,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $138.28, for a total transaction of $6,914,000.00. Following the completion of the transaction, the chief executive officer now directly owns 12,670 shares in the company, valued at approximately $1,752,007.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 101,838 shares of company stock valued at $13,950,265. Company insiders own 13.18% of the company’s stock.

Institutional Investors Weigh In On MicroStrategy

Several institutional investors and hedge funds have recently modified their holdings of MSTR. Capital International Investors boosted its holdings in MicroStrategy by 14.9% in the 1st quarter. Capital International Investors now owns 1,791,564 shares of the software maker’s stock worth $3,053,828,000 after acquiring an additional 232,667 shares during the period. Vanguard Group Inc. grew its holdings in MicroStrategy by 34.8% during the 1st quarter. Vanguard Group Inc. now owns 1,553,048 shares of the software maker’s stock valued at $2,647,263,000 after purchasing an additional 401,071 shares in the last quarter. Norges Bank purchased a new stake in MicroStrategy during the 4th quarter worth $70,990,000. Price T Rowe Associates Inc. MD lifted its holdings in MicroStrategy by 13.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 88,762 shares of the software maker’s stock worth $151,301,000 after buying an additional 10,835 shares in the last quarter. Finally, Capital World Investors boosted its position in MicroStrategy by 0.8% in the 1st quarter. Capital World Investors now owns 70,636 shares of the software maker’s stock valued at $120,403,000 after buying an additional 536 shares during the last quarter. Hedge funds and other institutional investors own 72.03% of the company’s stock.

MicroStrategy Company Profile

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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.

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