MicroStrategy Incorporated (NASDAQ:MSTR) Receives Consensus Rating of “Buy” from Brokerages

MicroStrategy Incorporated (NASDAQ:MSTR) has been given an average rating of “Buy” by the eight brokerages that are currently covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a buy rating. The average twelve-month price objective among analysts that have covered the stock in the last year is $208.75.

A number of equities research analysts have recently issued reports on MSTR shares. Benchmark upped their target price on shares of MicroStrategy from $187.50 to $215.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Sanford C. Bernstein cut their price objective on MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating for the company in a research report on Wednesday, October 9th. TD Cowen boosted 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. Maxim Group increased their price target on MicroStrategy from $183.50 to $193.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Barclays lifted their price objective on shares of MicroStrategy from $173.00 to $225.00 and gave the stock an “overweight” rating in a research report on Monday.

MicroStrategy Stock Performance

Shares of MSTR opened at $193.42 on Friday. The stock has a market capitalization of $34.31 billion, a price-to-earnings ratio of -28.87 and a beta of 3.11. The firm has a fifty day simple moving average of $150.27 and a 200 day simple moving average of $147.36. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.31. MicroStrategy has a 12 month low of $32.65 and a 12 month high of $227.15.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results on Thursday, August 1st. The software maker reported ($0.57) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.48). The company had revenue of $111.44 million for the quarter, compared to analyst estimates of $121.99 million. MicroStrategy had a negative return on equity of 14.72% and a negative net margin of 43.69%. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period last year, the firm earned $0.15 EPS.

Insider Transactions at MicroStrategy

In related news, CEO Phong Le sold 48,838 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $135.40, for a total transaction of $6,612,665.20. Following the sale, the chief executive officer now owns 12,670 shares of the company’s stock, valued at $1,715,518. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, 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 transaction of $6,612,665.20. Following the completion of the sale, the chief executive officer now owns 12,670 shares of the company’s stock, valued at $1,715,518. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through 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 transaction of $423,600.00. Following the completion of the transaction, 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. Over the last ninety days, insiders have sold 101,838 shares of company stock valued at $13,950,265. 13.18% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MicroStrategy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. American International Group Inc. raised its holdings in shares of MicroStrategy by 10.0% during the 4th quarter. American International Group Inc. now owns 6,072 shares of the software maker’s stock worth $3,835,000 after buying an additional 553 shares in the last quarter. Vanguard Group Inc. raised its stake in MicroStrategy by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 1,151,977 shares of the software maker’s stock worth $727,612,000 after acquiring an additional 24,997 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of MicroStrategy by 300.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 124 shares of the software maker’s stock worth $78,000 after acquiring an additional 93 shares during the last quarter. HighPoint Advisor Group LLC acquired a new stake in shares of MicroStrategy in the 4th quarter valued at approximately $88,000. Finally, CWM LLC grew its holdings in shares of MicroStrategy by 109.3% during the 1st quarter. CWM LLC now owns 829 shares of the software maker’s stock valued at $1,413,000 after purchasing an additional 433 shares during the last quarter. 72.03% of the stock is currently owned by institutional investors.

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.