MicroStrategy Incorporated (NASDAQ:MSTR) Given Consensus Rating of “Buy” by Analysts

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) have been given an average rating of “Buy” by the eight analysts that are currently covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $202.13.

Several brokerages have weighed in on MSTR. Benchmark boosted their price objective on MicroStrategy from $187.50 to $215.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Barclays lifted their target price on shares of MicroStrategy from $146.00 to $173.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. TD Cowen increased their price target on shares of MicroStrategy from $195.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Cantor Fitzgerald assumed coverage on shares of MicroStrategy in a research report on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 price objective on the stock. Finally, Maxim Group increased their target price on shares of MicroStrategy from $183.50 to $193.00 and gave the stock a “buy” rating in a report on Friday, August 2nd.

MicroStrategy Price Performance

Shares of MicroStrategy stock opened at $176.22 on Monday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.47 and a current ratio of 0.47. MicroStrategy has a 52-week low of $30.71 and a 52-week high of $200.00. The company has a fifty day moving average of $142.03 and a 200-day moving average of $145.41. The stock has a market capitalization of $31.26 billion, a price-to-earnings ratio of -26.30 and a beta of 3.10.

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

Insider Buying and Selling at MicroStrategy

In other news, CEO Phong Le sold 50,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $138.28, for a total value of $6,914,000.00. Following the completion of the transaction, the chief executive officer now owns 12,670 shares of the company’s stock, valued at approximately $1,752,007.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Phong Le sold 50,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $138.28, for a total value of $6,914,000.00. Following the sale, the chief executive officer now directly owns 12,670 shares of the company’s stock, valued at approximately $1,752,007.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Wei-Ming Shao sold 3,000 shares of MicroStrategy 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 transaction, the executive vice president now directly owns 6,460 shares of the company’s stock, valued at $912,152. The disclosure for this sale can be found here. In the last three months, insiders have sold 101,838 shares of company stock valued at $13,950,265. 13.18% of the stock is currently owned by corporate insiders.

Institutional Trading of MicroStrategy

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. ST Germain D J Co. Inc. purchased a new position in MicroStrategy during the first quarter valued at $29,000. Rise Advisors LLC boosted its stake in MicroStrategy by 233.3% in the 1st quarter. Rise Advisors LLC now owns 20 shares of the software maker’s stock worth $34,000 after purchasing an additional 14 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in MicroStrategy in the 2nd quarter worth about $37,000. GAMMA Investing LLC increased its stake in MicroStrategy by 36.4% during the 2nd 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. Finally, Salem Investment Counselors Inc. purchased a new position in MicroStrategy in the first quarter worth about $55,000. Hedge funds and other institutional investors own 72.03% of the company’s stock.

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.