MicroStrategy (NASDAQ:MSTR) PT Raised to $200.00 at TD Cowen

MicroStrategy (NASDAQ:MSTR) had its price objective raised by TD Cowen from $195.00 to $200.00 in a research report sent to investors on Monday morning, Benzinga reports. TD Cowen currently has a buy rating on the software maker’s stock.

A number of other brokerages also recently commented on MSTR. Cantor Fitzgerald started coverage on MicroStrategy in a report on Wednesday, August 21st. They issued an overweight rating and a $194.00 price target for the company. Sanford C. Bernstein raised shares of MicroStrategy to a strong-buy rating in a research report on Friday, June 14th. Canaccord Genuity Group cut their price target on shares of MicroStrategy from $185.00 to $173.00 and set a buy rating on the stock in a report on Monday, September 16th. Maxim Group increased their price objective on shares of MicroStrategy from $183.50 to $193.00 and gave the company a buy rating in a research note on Friday, August 2nd. Finally, Benchmark boosted their target price on shares of MicroStrategy from $187.50 to $215.00 and gave the stock a buy rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $202.13.

MicroStrategy Stock Down 1.3 %

Shares of NASDAQ:MSTR opened at $151.94 on Monday. The company has a market capitalization of $26.95 billion, a price-to-earnings ratio of -22.68 and a beta of 3.10. The company has a 50 day moving average of $141.85 and a two-hundred day moving average of $145.39. MicroStrategy has a 52-week low of $30.71 and a 52-week high of $200.00. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.31.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Thursday, August 1st. The software maker reported ($0.57) earnings per share (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 firm had revenue of $111.44 million for the quarter, compared to analysts’ expectations of $121.99 million. During the same period last year, the firm earned $0.15 EPS. The business’s quarterly revenue was down 7.4% on a year-over-year basis.

Insider Buying and Selling

In other MicroStrategy news, CEO Phong Le sold 50,000 shares of MicroStrategy stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $138.28, for a total value of $6,914,000.00. Following the completion of 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 legal filing with the SEC, which is accessible through this hyperlink. In other 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 completion of the transaction, the chief executive officer now owns 12,670 shares of the company’s stock, valued at $1,752,007.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Wei-Ming Shao sold 3,000 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 6,460 shares in the company, valued at approximately $912,152. The disclosure for this sale can be found here. Insiders have sold a total of 101,838 shares of company stock worth $13,950,265 over the last quarter. 13.18% of the stock is owned by company insiders.

Hedge Funds Weigh In On MicroStrategy

Several hedge funds and other institutional investors have recently made changes to their positions in the business. ST Germain D J Co. Inc. acquired a new position in MicroStrategy during the 1st quarter worth $29,000. Principal Securities Inc. acquired a new stake in MicroStrategy in the fourth quarter worth about $31,000. Rise Advisors LLC grew its position in MicroStrategy by 233.3% in the 1st quarter. Rise Advisors LLC now owns 20 shares of the software maker’s stock valued at $34,000 after buying an additional 14 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in MicroStrategy during the 2nd quarter valued at about $37,000. Finally, GAMMA Investing LLC lifted its stake in shares of MicroStrategy by 36.4% in the 2nd quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock worth $41,000 after acquiring an additional 8 shares during the period. 72.03% of the stock is currently owned by institutional investors and hedge funds.

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.