Analysts Set MicroStrategy Incorporated (NASDAQ:MSTR) Target Price at $2,017.67

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) have been given a consensus rating of “Buy” by the six brokerages that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $2,017.67.

A number of research analysts have recently weighed in on the company. Benchmark restated a “buy” rating and issued a $1,875.00 price target on shares of MicroStrategy in a research report on Thursday, April 25th. StockNews.com upgraded shares of MicroStrategy to a “sell” rating in a report on Monday, March 18th. TD Cowen increased their price target on shares of MicroStrategy from $1,450.00 to $1,880.00 and gave the company a “buy” rating in a research report on Friday, June 21st. Sanford C. Bernstein upgraded MicroStrategy to a “strong-buy” rating in a research report on Friday, June 14th. Finally, BTIG Research increased their target price on MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a report on Friday, April 5th.

MicroStrategy Trading Up 2.8 %

NASDAQ MSTR opened at $1,396.76 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $24.78 billion, a P/E ratio of -208.47 and a beta of 3.11. MicroStrategy has a 52-week low of $307.11 and a 52-week high of $1,999.99. The firm has a 50-day moving average price of $1,467.59 and a 200 day moving average price of $1,180.23.

Shares of MicroStrategy are going to split on the morning of Thursday, August 8th. The 10-1 split was announced on Thursday, August 8th. The newly minted shares will be payable to shareholders after the market closes on Thursday, August 8th.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Monday, April 29th. The software maker reported ($8.26) earnings per share for the quarter. The firm had revenue of $115.25 million during the quarter, compared to analyst estimates of $124.80 million. MicroStrategy had a negative return on equity of 8.37% and a negative net margin of 17.40%.

Insiders Place Their Bets

In other news, Chairman Michael J. Saylor sold 2,482 shares of MicroStrategy stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $1,218.09, for a total value of $3,023,299.38. Following the completion of the sale, the chairman now owns 2,482 shares of the company’s stock, valued at $3,023,299.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 13,201 shares of company stock valued at $16,469,815 in the last quarter. 13.18% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MicroStrategy

A number of institutional investors have recently bought and sold shares of MSTR. GAMMA Investing LLC boosted its holdings in shares of MicroStrategy by 36.4% in 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 during the last quarter. Rise Advisors LLC boosted its holdings in MicroStrategy by 233.3% in the first quarter. Rise Advisors LLC now owns 20 shares of the software maker’s stock valued at $34,000 after acquiring an additional 14 shares during the last quarter. ST Germain D J Co. Inc. purchased a new stake in MicroStrategy during the first quarter valued at about $29,000. CWM LLC increased its stake in MicroStrategy by 7.3% during the fourth quarter. CWM LLC now owns 396 shares of the software maker’s stock worth $250,000 after acquiring an additional 27 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of MicroStrategy in the 2nd quarter worth about $37,000. 72.03% of the stock is currently owned by hedge funds and other 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.