Benchmark Forecasts Strong Price Appreciation for MicroStrategy (NASDAQ:MSTR) Stock

MicroStrategy (NASDAQ:MSTR) had its price objective boosted by Benchmark from $450.00 to $650.00 in a report issued on Monday morning,Benzinga reports. Benchmark currently has a buy rating on the software maker’s stock.

MSTR has been the topic of a number of other reports. Sanford C. Bernstein raised their target price on MicroStrategy from $290.00 to $600.00 and gave the company an “outperform” rating in a research note on Monday. Maxim Group raised their target price on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Cantor Fitzgerald initiated coverage on MicroStrategy in a research note on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 target price on the stock. BTIG Research raised their target price on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, TD Cowen raised their target price on MicroStrategy from $200.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, MicroStrategy currently has an average rating of “Moderate Buy” and an average target price of $479.25.

MicroStrategy Stock Up 9.9 %

MSTR stock opened at $388.84 on Monday. The firm has a 50 day simple moving average of $248.63 and a 200-day simple moving average of $181.70. MicroStrategy has a twelve month low of $43.87 and a twelve month high of $543.00. The company has a market capitalization of $78.79 billion, a P/E ratio of -184.55 and a beta of 3.05. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data 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). The firm had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The business’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same quarter last year, the business earned ($8.98) earnings per share.

Insider Activity

In other MicroStrategy news, CAO Jeanine Montgomery sold 56,250 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total value of $14,479,312.50. Following the sale, the chief accounting officer now directly owns 5,670 shares in the company, valued at approximately $1,459,514.70. The trade was a 90.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen X. Graham sold 20,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the completion of the sale, the director now owns 6,970 shares in the company, valued at approximately $3,145,979.20. This trade represents a 74.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 102,000 shares of company stock valued at $32,259,177. Company insiders own 13.18% of the company’s stock.

Institutional Investors Weigh In On MicroStrategy

Several hedge funds and other institutional investors have recently bought and sold shares of the business. UMB Bank n.a. raised 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 worth $25,000 after buying an additional 135 shares during the period. AlphaMark Advisors LLC raised its holdings in MicroStrategy by 2,900.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock worth $25,000 after buying an additional 145 shares during the period. Capital Performance Advisors LLP acquired a new stake in MicroStrategy during the 3rd quarter worth about $27,000. Sunbelt Securities Inc. raised its holdings in MicroStrategy by 900.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after buying an additional 144 shares during the period. Finally, ST Germain D J Co. Inc. raised its holdings in MicroStrategy by 900.0% during the 3rd quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock worth $29,000 after buying an additional 153 shares during the period. 72.03% of the stock is currently owned by institutional investors.

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.