Barclays Cuts MicroStrategy (NASDAQ:MSTR) Price Target to $421.00

MicroStrategy (NASDAQ:MSTR) had its price objective decreased by Barclays from $515.00 to $421.00 in a research note issued to investors on Monday,Benzinga reports. Barclays currently has an overweight rating on the software maker’s stock.

A number of other research analysts have also issued reports on MSTR. Compass Point upgraded shares of MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. TD Cowen raised their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. BTIG Research raised their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Cantor Fitzgerald raised their price target on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Maxim Group raised their price target on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $536.90.

MicroStrategy Stock Performance

NASDAQ:MSTR opened at $326.82 on Monday. MicroStrategy has a 1 year low of $65.56 and a 1 year high of $543.00. The firm’s fifty day simple moving average is $351.50 and its 200 day simple moving average is $259.45. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $78.32 billion, a PE ratio of -58.02 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR) last posted its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

Insider Activity

In other news, Director Stephen X. Graham sold 20,000 shares of MicroStrategy stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the sale, the director now directly owns 6,970 shares in the company, valued at approximately $3,145,979.20. The trade was a 74.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 9.16% of the stock is owned by company insiders.

Institutional Trading of MicroStrategy

Several institutional investors have recently made changes to their positions in MSTR. Sanctuary Advisors LLC bought a new position in MicroStrategy during the 2nd quarter valued at about $553,000. GAMMA Investing LLC lifted its holdings in MicroStrategy by 1,096.7% during the 3rd quarter. GAMMA Investing LLC now owns 359 shares of the software maker’s stock valued at $61,000 after purchasing an additional 329 shares during the last quarter. CWM LLC lifted its holdings in MicroStrategy by 1,063.3% during the 3rd quarter. CWM LLC now owns 14,379 shares of the software maker’s stock valued at $2,424,000 after purchasing an additional 13,143 shares during the last quarter. UMB Bank n.a. lifted its holdings in MicroStrategy by 900.0% during the 3rd quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock valued at $25,000 after purchasing an additional 135 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in MicroStrategy during the 3rd quarter valued at about $202,000. 59.84% of the stock is currently owned by institutional investors and hedge funds.

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.