MicroStrategy (NASDAQ:MSTR) Price Target Raised to $270.00 at Maxim Group

MicroStrategy (NASDAQ:MSTR) had its price target lifted by Maxim Group from $193.00 to $270.00 in a report issued on Thursday, MarketBeat Ratings reports. Maxim Group currently has a buy rating on the software maker’s stock.

Other analysts have also recently issued research reports about the stock. BTIG Research raised their price objective on shares of MicroStrategy from $180.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Barclays raised their target price on MicroStrategy from $173.00 to $225.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. TD Cowen upped their target price on shares of MicroStrategy from $195.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Benchmark lifted their price objective on MicroStrategy from $215.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, Sanford C. Bernstein decreased their price objective on shares of MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating for the company in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, MicroStrategy has a consensus rating of “Moderate Buy” and an average price target of $264.88.

MicroStrategy Stock Performance

Shares of MSTR traded down $7.71 during mid-day trading on Thursday, hitting $236.79. The stock had a trading volume of 13,142,716 shares, compared to its average volume of 16,569,307. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a market cap of $42.00 billion, a P/E ratio of -118.54 and a beta of 3.11. MicroStrategy has a 52 week low of $42.40 and a 52 week high of $267.89. The business has a fifty day moving average price of $168.11 and a 200-day moving average price of $152.28.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($1.44). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 19.60%. The company had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. During the same quarter in the previous year, the firm posted ($8.98) earnings per share. The business’s revenue for the quarter was down 10.3% compared to the same quarter last year.

Insider Activity

In related news, EVP Wei-Ming Shao sold 3,000 shares of the 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 transaction, the executive vice president now directly owns 6,460 shares of the company’s stock, valued at $912,152. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Wei-Ming Shao sold 3,000 shares of the business’s stock in a transaction on 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 $912,152. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Phong Le sold 50,000 shares of MicroStrategy stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 12,670 shares of the company’s stock, valued at approximately $1,752,007.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 101,838 shares of company stock worth $13,950,265. Corporate insiders own 13.18% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its holdings in MicroStrategy by 900.0% in the third quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock valued at $25,000 after acquiring an additional 135 shares during the last quarter. AlphaMark Advisors LLC boosted its holdings in shares of MicroStrategy by 2,900.0% in the 3rd quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock valued at $25,000 after buying an additional 145 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in MicroStrategy during the 3rd quarter worth approximately $27,000. ST Germain D J Co. Inc. grew its position in shares of 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 acquiring an additional 153 shares during the last quarter. Finally, Fairman Group LLC grew its holdings in shares of MicroStrategy by 900.0% during the third quarter. Fairman Group LLC now owns 200 shares of the software maker’s stock worth $34,000 after buying an additional 180 shares during the last quarter. Hedge funds and other 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.