MicroStrategy (NASDAQ:MSTR) Given New $300.00 Price Target at Benchmark

MicroStrategy (NASDAQ:MSTR) had its price objective upped by equities research analysts at Benchmark from $245.00 to $300.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the software maker’s stock. Benchmark’s price target would indicate a potential upside of 22.18% from the company’s previous close.

Several other equities analysts also recently issued reports on the company. Canaccord Genuity Group reduced their price objective on MicroStrategy from $185.00 to $173.00 and set a “buy” rating for the company in a research report on Monday, September 16th. Barclays raised their price objective on shares of MicroStrategy from $173.00 to $225.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. BTIG Research raised their target price on MicroStrategy from $180.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Maxim Group increased their price objective on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Sanford C. Bernstein dropped their target price 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 equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. According to data from MarketBeat, MicroStrategy has a consensus rating of “Moderate Buy” and a consensus target price of $236.50.

MicroStrategy Stock Down 0.7 %

NASDAQ MSTR traded down $1.77 during trading hours on Thursday, reaching $245.54. 7,203,738 shares of the company traded hands, compared to its average volume of 16,512,213. 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 $41.01 and a 12 month high of $267.89. The company has a 50 day moving average of $168.11 and a two-hundred day moving average of $152.28. The stock has a market capitalization of $43.55 billion, a PE ratio of -176.85 and a beta of 3.11.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($1.44). MicroStrategy had a negative return on equity of 14.72% and a negative net margin of 43.69%. The business had revenue of $116.07 million during the quarter, compared to analyst estimates of $121.45 million. During the same period in the prior year, the firm earned ($8.98) EPS. The business’s revenue for the quarter was down 10.3% compared to the same quarter last year.

Insider Transactions at MicroStrategy

In related news, EVP Wei-Ming Shao sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was 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 in the company, valued at approximately $912,152. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, EVP Wei-Ming Shao sold 3,000 shares of MicroStrategy 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 transaction, the executive vice president now owns 6,460 shares of the company’s stock, valued at $912,152. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Phong Le sold 50,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $138.28, for a total transaction of $6,914,000.00. Following the completion of the transaction, the chief executive officer now owns 12,670 shares in the company, valued at $1,752,007.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 101,838 shares of company stock worth $13,950,265. 13.18% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MSTR. UMB Bank n.a. lifted its position in shares of MicroStrategy by 900.0% in the 3rd quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock worth $25,000 after acquiring an additional 135 shares during the period. AlphaMark Advisors LLC lifted its position in MicroStrategy by 2,900.0% in the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock worth $25,000 after purchasing an additional 145 shares during the period. ST Germain D J Co. Inc. boosted its stake in MicroStrategy by 900.0% during the third 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 in the last quarter. Fairman Group LLC increased its holdings in MicroStrategy by 900.0% in the 3rd quarter. Fairman Group LLC now owns 200 shares of the software maker’s stock valued at $34,000 after buying an additional 180 shares during the period. Finally, Rosenberg Matthew Hamilton lifted its holdings in shares of MicroStrategy by 900.0% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 210 shares of the software maker’s stock worth $35,000 after acquiring an additional 189 shares during the period. Institutional investors and hedge funds 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.