MicroStrategy (NASDAQ:MSTR) Trading 5.6% Higher After Analyst Upgrade

MicroStrategy Incorporated (NASDAQ:MSTR) shares rose 5.6% during trading on Tuesday after Benchmark raised their price target on the stock from $300.00 to $450.00. Benchmark currently has a buy rating on the stock. MicroStrategy traded as high as $409.11 and last traded at $406.35. Approximately 13,662,018 shares were traded during mid-day trading, a decline of 21% from the average daily volume of 17,224,656 shares. The stock had previously closed at $384.79.

Several other equities analysts have also recently weighed in on the company. BTIG Research boosted their price objective on MicroStrategy from $180.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. TD Cowen raised their price objective on shares of MicroStrategy from $200.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Cantor Fitzgerald started coverage on shares of MicroStrategy in a research note on Wednesday, August 21st. They set an “overweight” rating and a $194.00 target price for the company. Sanford C. Bernstein decreased their price target on shares of MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 9th. Finally, Barclays upped their price objective on shares of MicroStrategy from $225.00 to $275.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $289.88.

Insider Activity at MicroStrategy

In other news, CAO Jeanine Montgomery sold 752 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total value of $242,482.40. Following the sale, the chief accounting officer now directly owns 6,418 shares in the company, valued at approximately $2,069,484.10. This represents a 10.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Wei-Ming Shao sold 3,000 shares of the stock in a transaction that occurred on 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 trade was a 31.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 134,954 shares of company stock valued at $30,553,037 over the last quarter. 13.18% of the stock is owned by company insiders.

Institutional Investors Weigh In On MicroStrategy

Several large investors have recently made changes to their positions in MSTR. Allspring Global Investments Holdings LLC acquired a new position in MicroStrategy in the first quarter valued at about $58,000. Sei Investments Co. grew its position in MicroStrategy by 36.3% during the 1st quarter. Sei Investments Co. now owns 575 shares of the software maker’s stock worth $980,000 after acquiring an additional 153 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in MicroStrategy during the 1st quarter valued at $309,000. O Shaughnessy Asset Management LLC raised its position in MicroStrategy by 23.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 720 shares of the software maker’s stock valued at $1,227,000 after purchasing an additional 136 shares during the last quarter. Finally, American International Group Inc. boosted its stake in MicroStrategy by 20.7% in the first quarter. American International Group Inc. now owns 7,326 shares of the software maker’s stock worth $12,488,000 after purchasing an additional 1,254 shares in the last quarter. Institutional investors own 72.03% of the company’s stock.

MicroStrategy Trading Up 7.0 %

The company has a market cap of $83.47 billion, a price-to-earnings ratio of -195.50 and a beta of 3.05. 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 business has a 50 day simple moving average of $210.03 and a 200 day simple moving average of $168.07.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results 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). 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 for the quarter, compared to analyst estimates of $121.45 million. During the same quarter last year, the company earned ($8.98) EPS. The firm’s quarterly revenue was down 10.3% on a year-over-year basis.

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.