MicroStrategy Incorporated (NASDAQ:MSTR) Receives $197.25 Average PT from Analysts

MicroStrategy Incorporated (NASDAQ:MSTR) has been given an average rating of “Buy” by the eight analysts that are covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $202.13.

MSTR has been the subject of several research reports. Barclays increased their price objective on shares of MicroStrategy from $146.00 to $173.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. TD Cowen boosted their price objective on MicroStrategy from $195.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Canaccord Genuity Group dropped their target price on MicroStrategy from $185.00 to $173.00 and set a “buy” rating for the company in a research report on Monday, September 16th. Benchmark boosted their price target on MicroStrategy from $187.50 to $215.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Sanford C. Bernstein upgraded shares of MicroStrategy to a “strong-buy” rating in a report on Friday, June 14th.

MicroStrategy Trading Up 6.2 %

Shares of MSTR stock opened at $176.22 on Monday. 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 has a fifty-two week low of $30.71 and a fifty-two week high of $200.00. The company has a market cap of $31.26 billion, a PE ratio of -26.30 and a beta of 3.10. The stock’s fifty day moving average price is $142.03 and its two-hundred day moving average price is $145.72.

MicroStrategy (NASDAQ:MSTR) last issued its earnings results on Thursday, August 1st. The software maker reported ($0.57) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.48). MicroStrategy had a negative return on equity of 14.72% and a negative net margin of 43.69%. The business 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 firm posted $0.15 EPS. The firm’s revenue was down 7.4% compared to the same quarter last year.

Insiders Place Their Bets

In other news, EVP Wei-Ming Shao sold 3,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total value of $423,600.00. Following the sale, the executive vice president now directly owns 6,460 shares of the company’s stock, valued at approximately $912,152. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, EVP Wei-Ming Shao sold 3,000 shares of MicroStrategy 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 completion of the transaction, the executive vice president now directly owns 6,460 shares of the company’s stock, valued at approximately $912,152. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Phong Le sold 48,838 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $135.40, for a total value of $6,612,665.20. Following the sale, the chief executive officer now owns 12,670 shares in the company, valued at approximately $1,715,518. The disclosure for this sale can be found here. In the last 90 days, insiders sold 101,838 shares of company stock worth $13,950,265. 13.18% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of MSTR. Vanguard Group Inc. grew its holdings in MicroStrategy by 34.8% in the first quarter. Vanguard Group Inc. now owns 1,553,048 shares of the software maker’s stock worth $2,647,263,000 after purchasing an additional 401,071 shares during the period. Capital International Investors grew its stake in shares of MicroStrategy by 14.9% in the 1st quarter. Capital International Investors now owns 1,791,564 shares of the software maker’s stock valued at $3,053,828,000 after buying an additional 232,667 shares during the period. Norges Bank bought a new stake in MicroStrategy in the 4th quarter valued at about $70,990,000. Westfield Capital Management Co. LP acquired a new position in MicroStrategy during the 1st quarter worth approximately $60,892,000. Finally, APEIRON CAPITAL Ltd acquired a new position in MicroStrategy during the 1st quarter worth approximately $53,864,000. Institutional investors and hedge funds own 72.03% of the company’s stock.

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.