MicroStrategy Incorporated (NASDAQ:MSTR) Given Consensus Recommendation of “Buy” by Brokerages

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) have earned a consensus rating of “Buy” from the eight ratings firms that are currently covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $271.13.

A number of equities analysts have recently issued reports on MSTR shares. Benchmark increased their price objective on shares of MicroStrategy from $245.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Maxim Group raised their price objective on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Sanford C. Bernstein decreased their price target on shares of MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating for the company in a research report on Wednesday, October 9th. Canaccord Genuity Group lifted their price objective on shares of MicroStrategy from $173.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Cantor Fitzgerald assumed coverage on shares of MicroStrategy in a research report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 target price for the company.

Insider Activity at MicroStrategy

In other MicroStrategy news, CAO Jeanine Montgomery sold 56,250 shares of MicroStrategy stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the completion of the sale, the chief accounting officer now owns 5,670 shares of the company’s stock, valued at approximately $1,459,514.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Andrew Kang sold 5,700 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total transaction of $1,465,755.00. Following the completion of the transaction, the chief financial officer now directly owns 12,080 shares in the company, valued at $3,106,372. 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, CAO Jeanine Montgomery sold 56,250 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total value of $14,479,312.50. Following the sale, the chief accounting officer now directly owns 5,670 shares in the company, valued at $1,459,514.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 163,788 shares of company stock valued at $29,895,333 in the last ninety days. Company insiders own 13.18% of the company’s stock.

Institutional Trading of MicroStrategy

Hedge funds have recently modified their holdings of the stock. Intech Investment Management LLC lifted its holdings in MicroStrategy by 1,136.8% in the third quarter. Intech Investment Management LLC now owns 7,223 shares of the software maker’s stock valued at $1,218,000 after acquiring an additional 6,639 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in MicroStrategy by 2,791.9% during the third quarter. EverSource Wealth Advisors LLC now owns 25,564 shares of the software maker’s stock worth $4,310,000 after buying an additional 24,680 shares in the last quarter. Moors & Cabot Inc. boosted its holdings in MicroStrategy by 924.6% during the third quarter. Moors & Cabot Inc. now owns 51,140 shares of the software maker’s stock worth $8,622,000 after buying an additional 46,149 shares in the last quarter. EagleClaw Capital Managment LLC increased its holdings in MicroStrategy by 900.0% in the third quarter. EagleClaw Capital Managment LLC now owns 27,440 shares of the software maker’s stock valued at $4,626,000 after buying an additional 24,696 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in shares of MicroStrategy in the third quarter worth about $32,000. Hedge funds and other institutional investors own 72.03% of the company’s stock.

MicroStrategy Trading Up 25.7 %

MSTR stock opened at $340.00 on Tuesday. The company has a market capitalization of $68.90 billion, a PE ratio of -161.37 and a beta of 3.05. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.47. MicroStrategy has a 12 month low of $43.87 and a 12 month high of $351.73. The firm’s 50-day moving average is $187.38 and its 200 day moving average is $159.91.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($1.44). The company had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The business’s revenue was down 10.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($8.98) EPS.

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.