MicroStrategy (NASDAQ:MSTR) Trading 1.7% Higher on Analyst Upgrade

MicroStrategy Incorporated (NASDAQ:MSTR)’s stock price traded up 1.7% during trading on Monday after TD Cowen raised their price target on the stock from $392.00 to $525.00. TD Cowen currently has a buy rating on the stock. MicroStrategy traded as high as $440.75 and last traded at $429.15. 18,198,453 shares were traded during mid-day trading, an increase of 0% from the average session volume of 18,159,674 shares. The stock had previously closed at $421.88.

A number of other research analysts also recently commented on the stock. Maxim Group upped their price objective on shares of MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. BTIG Research upped their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Sanford C. Bernstein lifted their price target on shares of MicroStrategy from $290.00 to $600.00 and gave the company an “outperform” rating in a report on Monday. Cantor Fitzgerald began coverage on MicroStrategy in a report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price objective for the company. Finally, Barclays increased their target price on MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a research report on Monday. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, MicroStrategy has a consensus rating of “Moderate Buy” and an average price target of $479.25.

Insider Buying and Selling at MicroStrategy

In other news, CAO Jeanine Montgomery sold 752 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $322.45, for a total value of $242,482.40. Following the completion of the sale, the chief accounting officer now owns 6,418 shares of the company’s stock, valued at approximately $2,069,484.10. The trade was a 10.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Wei-Ming Shao sold 18,000 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the transaction, the executive vice president now directly owns 6,460 shares in the company, valued at $2,377,344.60. The trade was a 73.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,000 shares of company stock worth $32,259,177 in the last 90 days. 13.18% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in MSTR. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of MicroStrategy in the second quarter valued at approximately $37,000. GAMMA Investing LLC grew its stake in shares of MicroStrategy by 36.4% in the 2nd quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock worth $41,000 after purchasing an additional 8 shares during the last quarter. Signaturefd LLC raised its holdings in shares of MicroStrategy by 13.6% in the 2nd quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock worth $69,000 after purchasing an additional 6 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in shares of MicroStrategy in the 2nd quarter worth approximately $106,000. Finally, Larson Financial Group LLC lifted its stake in MicroStrategy by 72.3% during the second quarter. Larson Financial Group LLC now owns 81 shares of the software maker’s stock valued at $112,000 after purchasing an additional 34 shares during the last quarter. 72.03% of the stock is currently owned by institutional investors.

MicroStrategy Stock Down 12.3 %

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 $71.67 billion, a P/E ratio of -167.63 and a beta of 3.05. The stock’s fifty day moving average is $239.06 and its two-hundred day moving average is $178.58.

MicroStrategy (NASDAQ:MSTR) last issued its 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 company had revenue of $116.07 million during the quarter, compared to analyst estimates of $121.45 million. During the same quarter in the previous year, the firm earned ($8.98) earnings per share. The business’s revenue was down 10.3% compared to the same quarter last year.

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.