MicroStrategy (NASDAQ:MSTR) Coverage Initiated by Analysts at Barclays

Barclays began coverage on shares of MicroStrategy (NASDAQ:MSTR) in a research note issued to investors on Friday morning, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $146.00 target price on the software maker’s stock.

A number of other analysts have also recently commented on MSTR. Cantor Fitzgerald began coverage on MicroStrategy in a research note on Wednesday, August 21st. They issued an overweight rating and a $194.00 price target for the company. Sanford C. Bernstein raised MicroStrategy to a strong-buy rating in a research note on Friday, June 14th. Benchmark increased their target price on MicroStrategy from $187.50 to $215.00 and gave the stock a buy rating in a research note on Friday, August 2nd. Maxim Group increased their target price on MicroStrategy from $183.50 to $193.00 and gave the stock a buy rating in a research note on Friday, August 2nd. Finally, Canaccord Genuity Group lowered their target price on MicroStrategy from $204.70 to $182.60 and set a buy rating for the company in a research note on Monday, June 24th. One analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $198.45.

MicroStrategy Stock Performance

Shares of MSTR stock opened at $114.30 on Friday. 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 stock has a market cap of $20.27 billion, a PE ratio of -17.06 and a beta of 3.11. The stock has a 50-day moving average of $142.04 and a 200-day moving average of $141.51. MicroStrategy has a one year low of $30.71 and a one year high of $200.00.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings results on Thursday, August 1st. The software maker reported ($0.57) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.48). The company had revenue of $111.44 million during 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 business’s revenue was down 7.4% compared to the same quarter last year. During the same period last year, the company earned $0.15 earnings per share.

Insiders Place Their Bets

In other MicroStrategy news, EVP Wei-Ming Shao sold 3,000 shares of the company’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 transaction of $423,600.00. Following the completion of the transaction, the executive vice president now owns 6,460 shares of the company’s stock, valued at approximately $912,152. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Phong Le sold 50,000 shares of the business’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 transaction, the chief executive officer now directly owns 12,670 shares in the company, valued at $1,752,007.60. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Wei-Ming Shao sold 3,000 shares of the 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 sale, the executive vice president now owns 6,460 shares of the company’s stock, valued at approximately $912,152. The disclosure for this sale can be found here. Insiders sold a total of 101,838 shares of company stock valued at $13,950,265 in the last quarter. 13.18% of the stock is currently owned by insiders.

Institutional Trading of MicroStrategy

A number of large investors have recently added to or reduced their stakes in MSTR. Truist Financial Corp acquired a new stake in MicroStrategy in the fourth quarter valued at $1,414,000. Victory Capital Management Inc. lifted its stake in MicroStrategy by 39.8% in the fourth quarter. Victory Capital Management Inc. now owns 2,180 shares of the software maker’s stock valued at $1,377,000 after acquiring an additional 621 shares during the last quarter. Amalgamated Bank lifted its stake in MicroStrategy by 3.4% in the fourth quarter. Amalgamated Bank now owns 1,754 shares of the software maker’s stock valued at $1,108,000 after acquiring an additional 58 shares during the last quarter. National Bank of Canada FI lifted its stake in shares of MicroStrategy by 42.9% during the 4th quarter. National Bank of Canada FI now owns 3,891 shares of the software maker’s stock worth $2,660,000 after buying an additional 1,168 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC acquired a new stake in shares of MicroStrategy during the 4th quarter worth about $207,000. Institutional investors and hedge funds 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.