Barclays Raises MicroStrategy (NASDAQ:MSTR) Price Target to $225.00

MicroStrategy (NASDAQ:MSTR) had its target price lifted by Barclays from $173.00 to $225.00 in a research note released on Monday, Benzinga reports. They currently have an overweight rating on the software maker’s stock.

Several other brokerages have also recently commented on MSTR. Cantor Fitzgerald initiated coverage on shares of MicroStrategy in a research report on Wednesday, August 21st. They issued an overweight rating and a $194.00 price target on the stock. Canaccord Genuity Group cut their price objective on MicroStrategy from $185.00 to $173.00 and set a buy rating on the stock in a report on Monday, September 16th. Benchmark boosted their price objective on MicroStrategy from $187.50 to $215.00 and gave the stock a buy rating in a report on Friday, August 2nd. TD Cowen boosted their price objective on MicroStrategy from $195.00 to $200.00 and gave the stock a buy rating in a report on Monday, September 23rd. Finally, Sanford C. Bernstein cut their price objective on MicroStrategy from $2,890.00 to $290.00 and set an outperform rating on the stock in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $208.75.

MicroStrategy Price Performance

Shares of MicroStrategy stock opened at $201.67 on Monday. 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 company’s 50-day moving average price is $146.59 and its two-hundred day moving average price is $146.54. MicroStrategy has a 52 week low of $32.10 and a 52 week high of $227.15. The stock has a market cap of $35.77 billion, a PE ratio of -30.10 and a beta of 3.11.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results 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 return on equity of 14.72% and a negative net margin of 43.69%. The business had revenue of $111.44 million during the quarter, compared to the consensus estimate of $121.99 million. During the same quarter last year, the firm posted $0.15 earnings per share. MicroStrategy’s revenue was down 7.4% compared to the same quarter last year.

Insider Activity

In other news, CEO Phong Le sold 48,838 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 12,670 shares in the company, valued at $1,715,518. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Phong Le sold 48,838 shares of the business’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 completion of the sale, the chief executive officer now owns 12,670 shares of the company’s stock, valued at approximately $1,715,518. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Wei-Ming Shao sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total value of $423,600.00. Following the completion of the sale, the executive vice president now directly owns 6,460 shares of the company’s stock, valued at approximately $912,152. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 101,838 shares of company stock worth $13,950,265 in the last 90 days. Company insiders own 13.18% of the company’s stock.

Institutional Investors Weigh In On MicroStrategy

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in MicroStrategy by 34.8% during the first quarter. Vanguard Group Inc. now owns 1,553,048 shares of the software maker’s stock worth $2,647,263,000 after purchasing an additional 401,071 shares during the period. Capital International Investors boosted its position in MicroStrategy by 14.9% during the first quarter. Capital International Investors now owns 1,791,564 shares of the software maker’s stock worth $3,053,828,000 after purchasing an additional 232,667 shares during the period. Strong Tower Advisory Services boosted its position in MicroStrategy by 990.0% during the third quarter. Strong Tower Advisory Services now owns 160,668 shares of the software maker’s stock worth $27,089,000 after purchasing an additional 145,928 shares during the period. Exchange Traded Concepts LLC boosted its position in MicroStrategy by 1,019.6% during the third quarter. Exchange Traded Concepts LLC now owns 113,601 shares of the software maker’s stock worth $19,153,000 after purchasing an additional 103,454 shares during the period. Finally, Creative Planning boosted its position in MicroStrategy by 1,294.2% during the third quarter. Creative Planning now owns 89,784 shares of the software maker’s stock worth $15,138,000 after purchasing an additional 83,344 shares during the period. Institutional investors own 72.03% of the company’s stock.

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.