MicroStrategy (NASDAQ:MSTR) Hits New 1-Year High Following Analyst Upgrade

MicroStrategy Incorporated (NASDAQ:MSTR) reached a new 52-week high during mid-day trading on Monday after Barclays raised their price target on the stock from $173.00 to $225.00. Barclays currently has an overweight rating on the stock. MicroStrategy traded as high as $225.55 and last traded at $225.55, with a volume of 1468093 shares traded. The stock had previously closed at $212.59.

MSTR has been the topic of several other reports. Cantor Fitzgerald started coverage on shares of MicroStrategy in a report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price target on the stock. Sanford C. Bernstein lowered their price target on shares of MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating for the company in a report on Wednesday, October 9th. Benchmark raised their price objective on MicroStrategy from $187.50 to $215.00 and gave the company a “buy” rating in a report on Friday, August 2nd. TD Cowen upped their target price on MicroStrategy from $195.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Finally, Canaccord Genuity Group cut their price target on MicroStrategy from $185.00 to $173.00 and set a “buy” rating on the stock in a research note on Monday, September 16th. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $208.75.

Insider Transactions at MicroStrategy

In related news, CEO Phong Le sold 48,838 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was 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 directly owns 12,670 shares in the company, valued at $1,715,518. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP Wei-Ming Shao sold 3,000 shares of the business’s 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 transaction, the executive vice president now directly owns 6,460 shares of the company’s stock, valued at $912,152. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 101,838 shares of company stock worth $13,950,265 over the last ninety days. 13.18% of the stock is owned by insiders.

Hedge Funds Weigh In On MicroStrategy

Institutional investors and hedge funds have recently modified their holdings of the business. Signaturefd LLC increased its stake in shares of MicroStrategy by 13.6% in the 2nd quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock valued at $69,000 after acquiring an additional 6 shares in the last quarter. GAMMA Investing LLC increased its stake in MicroStrategy by 36.4% in the second quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock valued at $41,000 after purchasing an additional 8 shares in the last quarter. Cigna Investments Inc. New raised its holdings in shares of MicroStrategy by 5.1% during the second quarter. Cigna Investments Inc. New now owns 164 shares of the software maker’s stock valued at $226,000 after purchasing an additional 8 shares during the period. Crossmark Global Holdings Inc. boosted its position in shares of MicroStrategy by 2.8% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 400 shares of the software maker’s stock worth $551,000 after purchasing an additional 11 shares in the last quarter. Finally, Rise Advisors LLC grew its stake in shares of MicroStrategy by 233.3% in the 1st quarter. Rise Advisors LLC now owns 20 shares of the software maker’s stock valued at $34,000 after buying an additional 14 shares during the period. 72.03% of the stock is currently owned by institutional investors.

MicroStrategy Price Performance

The business has a 50-day moving average of $147.74 and a 200 day moving average of $146.70. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $34.46 billion, a P/E ratio of -29.00 and a beta of 3.11.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data 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 net margin of 43.69% and a negative return on equity of 14.72%. The firm had revenue of $111.44 million for the quarter, compared to the consensus estimate of $121.99 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The company’s revenue was down 7.4% compared to the same quarter last year.

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.