MicroStrategy (NASDAQ:MSTR) Shares Gap Up After Analyst Upgrade

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price gapped up prior to trading on Tuesday after Barclays raised their price target on the stock from $225.00 to $275.00. The stock had previously closed at $222.99, but opened at $233.34. Barclays currently has an overweight rating on the stock. MicroStrategy shares last traded at $241.50, with a volume of 3,148,390 shares changing hands.

Several other research firms have also commented on MSTR. Maxim Group upped their target price on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Cantor Fitzgerald assumed coverage on MicroStrategy in a research report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price objective for the company. BTIG Research boosted their price target on MicroStrategy from $180.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Benchmark raised their target price on shares of MicroStrategy from $245.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, TD Cowen raised their price objective on shares of MicroStrategy from $200.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $271.13.

Insider Activity

In other MicroStrategy news, EVP Wei-Ming Shao sold 3,000 shares of MicroStrategy stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 6,460 shares in the company, valued at $912,152. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other MicroStrategy news, CEO Phong Le sold 50,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 12,670 shares in the company, valued at $1,752,007.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Wei-Ming Shao sold 3,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total value 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 approximately $912,152. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 101,838 shares of company stock worth $13,950,265 over the last 90 days. 13.18% of the stock is owned by company insiders.

Institutional Investors Weigh In On MicroStrategy

Several hedge funds have recently modified their holdings of the business. UMB Bank n.a. lifted its stake in MicroStrategy by 900.0% during the third quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock worth $25,000 after purchasing an additional 135 shares during the period. AlphaMark Advisors LLC raised its position in MicroStrategy by 2,900.0% in the 3rd quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock valued at $25,000 after purchasing an additional 145 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in MicroStrategy in the third quarter worth $27,000. ST Germain D J Co. Inc. grew its holdings in shares of MicroStrategy by 900.0% during the third quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock worth $29,000 after purchasing an additional 153 shares during the last quarter. Finally, Fairman Group LLC increased its stake in shares of MicroStrategy by 900.0% in the third quarter. Fairman Group LLC now owns 200 shares of the software maker’s stock valued at $34,000 after buying an additional 180 shares in the last quarter. 72.03% of the stock is owned by institutional investors.

MicroStrategy Price Performance

The stock has a fifty day moving average of $171.91 and a 200-day moving average of $154.03. The firm has a market capitalization of $42.75 billion, a P/E ratio of -114.89 and a beta of 3.05. The company has a quick ratio of 0.47, a current ratio of 0.65 and a debt-to-equity ratio of 1.12.

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

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.