MicroStrategy’s (MSTR) “Buy” Rating Reaffirmed at Benchmark

Benchmark reiterated their buy rating on shares of MicroStrategy (NASDAQ:MSTR) in a research report sent to investors on Thursday morning, Benzinga reports. They currently have a $1,875.00 price target on the software maker’s stock.

Several other research firms also recently commented on MSTR. TD Cowen reduced their price objective on MicroStrategy from $1,560.00 to $1,450.00 and set an outperform rating for the company in a research note on Wednesday, March 20th. Canaccord Genuity Group reaffirmed a buy rating and issued a $1,810.00 price objective on shares of MicroStrategy in a research note on Thursday, March 28th. BTIG Research raised their price objective on MicroStrategy from $780.00 to $1,800.00 and gave the stock a buy rating in a report on Friday, April 5th. Finally, StockNews.com upgraded MicroStrategy to a sell rating in a report on Monday, March 18th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $1,473.00.

MicroStrategy Trading Down 0.3 %

NASDAQ:MSTR traded down $3.43 on Thursday, reaching $1,236.98. The company’s stock had a trading volume of 459,684 shares, compared to its average volume of 2,134,675. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.01. The firm has a market cap of $20.99 billion, a price-to-earnings ratio of 44.02 and a beta of 2.89. MicroStrategy has a 12-month low of $266.00 and a 12-month high of $1,999.99. The stock has a 50 day moving average price of $1,339.55 and a 200 day moving average price of $800.40.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Tuesday, February 6th. The software maker reported $5.62 earnings per share (EPS) for the quarter. The firm had revenue of $124.48 million during the quarter, compared to analysts’ expectations of $134.90 million. MicroStrategy had a return on equity of 42.81% and a net margin of 86.47%.

Insider Buying and Selling

In other news, Director Jarrod M. Patten sold 275 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $722.34, for a total transaction of $198,643.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Chairman Michael J. Saylor sold 5,000 shares of the firm’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $1,295.80, for a total value of $6,479,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jarrod M. Patten sold 275 shares of MicroStrategy stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $722.34, for a total transaction of $198,643.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 117,452 shares of company stock worth $122,745,797. Corporate insiders own 13.18% of the company’s stock.

Hedge Funds Weigh In On MicroStrategy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital International Investors grew its holdings in MicroStrategy by 0.3% in the fourth quarter. Capital International Investors now owns 1,558,897 shares of the software maker’s stock worth $984,631,000 after purchasing an additional 4,858 shares during the period. Vanguard Group Inc. grew its holdings in MicroStrategy by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 1,151,977 shares of the software maker’s stock worth $727,612,000 after purchasing an additional 24,997 shares during the period. Norges Bank acquired a new stake in MicroStrategy in the fourth quarter worth $70,990,000. Northern Trust Corp grew its holdings in MicroStrategy by 2.1% in the third quarter. Northern Trust Corp now owns 108,075 shares of the software maker’s stock worth $35,479,000 after purchasing an additional 2,248 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in MicroStrategy by 6.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 99,949 shares of the software maker’s stock worth $63,130,000 after purchasing an additional 6,272 shares during the period. 72.03% of the stock is currently owned by institutional investors and hedge funds.

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.