MicroStrategy (NASDAQ:MSTR) Price Target Raised to $525.00 at TD Cowen

MicroStrategy (NASDAQ:MSTR) had its price target boosted by investment analysts at TD Cowen from $392.00 to $525.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the software maker’s stock. TD Cowen’s price objective would indicate a potential upside of 48.44% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Sanford C. Bernstein lifted their price objective on MicroStrategy from $290.00 to $600.00 and gave the stock an “outperform” rating in a report on Monday. Maxim Group lifted their price objective on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Barclays lifted their price objective on MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a report on Monday. Canaccord Genuity Group lifted their price objective on MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a report on Monday. Finally, Cantor Fitzgerald began coverage on MicroStrategy in a report on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 price target for the company. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. According to data from MarketBeat, MicroStrategy presently has a consensus rating of “Moderate Buy” and a consensus price target of $479.25.

MicroStrategy Stock Down 12.3 %

MicroStrategy stock opened at $353.69 on Monday. 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 has a 1-year low of $43.87 and a 1-year high of $543.00. The company has a market cap of $71.67 billion, a PE ratio of -167.63 and a beta of 3.05. The stock’s 50 day moving average price is $239.06 and its 200 day moving average price is $178.58.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($1.44). The firm had revenue of $116.07 million for the quarter, compared to analyst estimates of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The business’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($8.98) earnings per share.

Insider Transactions at MicroStrategy

In related news, CAO Jeanine Montgomery sold 56,250 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total value of $14,479,312.50. Following the completion of the transaction, the chief accounting officer now directly owns 5,670 shares in the company, valued at approximately $1,459,514.70. This represents a 90.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Stephen X. Graham sold 20,000 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total value of $9,027,200.00. Following the completion of the transaction, the director now owns 6,970 shares of the company’s stock, valued at $3,145,979.20. The trade was a 74.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,000 shares of company stock valued at $32,259,177 over the last three months. 13.18% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MicroStrategy

A number of institutional investors have recently added to or reduced their stakes in the company. Peapack Gladstone Financial Corp grew its position in MicroStrategy by 900.0% during the third quarter. Peapack Gladstone Financial Corp now owns 2,350 shares of the software maker’s stock valued at $396,000 after acquiring an additional 2,115 shares during the period. Sanctuary Advisors LLC grew its position in MicroStrategy by 3,250.8% during the third quarter. Sanctuary Advisors LLC now owns 14,442 shares of the software maker’s stock valued at $2,435,000 after acquiring an additional 14,011 shares during the period. Virtu Financial LLC grew its position in MicroStrategy by 10,398.4% during the third quarter. Virtu Financial LLC now owns 224,245 shares of the software maker’s stock valued at $37,808,000 after acquiring an additional 222,109 shares during the period. Arete Wealth Advisors LLC grew its position in MicroStrategy by 1,063.6% during the third quarter. Arete Wealth Advisors LLC now owns 10,740 shares of the software maker’s stock valued at $1,814,000 after acquiring an additional 9,817 shares during the period. Finally, Sunbelt Securities Inc. grew its position in MicroStrategy by 900.0% during the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock valued at $27,000 after acquiring an additional 144 shares during the period. Hedge funds and other 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.