MicroStrategy (NASDAQ:MSTR) Stock Price Expected to Rise, Benchmark Analyst Says

MicroStrategy (NASDAQ:MSTR - Get Free Report) had its price objective increased by investment analysts at Benchmark from $300.00 to $450.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the software maker's stock. Benchmark's price objective would indicate a potential upside of 2.97% from the company's current price.

A number of other equities research analysts have also issued reports on MSTR. BTIG Research lifted their target price on MicroStrategy from $180.00 to $240.00 and gave the company a "buy" rating in a research report on Monday, October 21st. Maxim Group increased their target price on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Barclays lifted their price target on shares of MicroStrategy from $225.00 to $275.00 and gave the company an "overweight" rating in a research note on Monday, November 4th. TD Cowen increased their price objective on shares of MicroStrategy from $200.00 to $300.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Finally, Canaccord Genuity Group upped their target price on MicroStrategy from $173.00 to $300.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. One equities 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of $289.88.

MicroStrategy Stock Up 13.6 %

Shares of NASDAQ:MSTR traded up $52.23 during trading on Tuesday, hitting $437.02. 36,544,520 shares of the company's stock traded hands, compared to its average volume of 17,326,811. The company has a 50-day moving average price of $210.03 and a 200-day moving average price of $168.07. MicroStrategy has a 52 week low of $43.87 and a 52 week high of $437.31. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The company has a market cap of $88.56 billion, a price-to-earnings ratio of -195.64 and a beta of 3.05.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) 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 return on equity of 17.31% and a negative net margin of 87.05%. The firm's revenue was down 10.3% on a year-over-year basis. During the same period in the prior year, the company earned ($8.98) EPS.

Insider Buying and Selling at MicroStrategy

In other news, CEO Phong Le sold 50,000 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $138.28, for a total transaction of $6,914,000.00. Following the sale, the chief executive officer now directly owns 12,670 shares of the company's stock, valued at approximately $1,752,007.60. This represents a 79.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Andrew Kang sold 5,700 shares of the firm's stock in a transaction dated 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 approximately $3,106,372. This represents a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 134,954 shares of company stock valued at $30,553,037 in the last quarter. 13.18% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MicroStrategy

A number of large investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC bought a new position in MicroStrategy in the first quarter valued at about $58,000. Sei Investments Co. increased its position in MicroStrategy by 36.3% during the 1st quarter. Sei Investments Co. now owns 575 shares of the software maker's stock worth $980,000 after purchasing an additional 153 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in MicroStrategy in the first quarter valued at approximately $309,000. O Shaughnessy Asset Management LLC grew its stake in shares of MicroStrategy by 23.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 720 shares of the software maker's stock worth $1,227,000 after buying an additional 136 shares during the last quarter. Finally, American International Group Inc. increased its holdings in shares of MicroStrategy by 20.7% during the first quarter. American International Group Inc. now owns 7,326 shares of the software maker's stock worth $12,488,000 after buying an additional 1,254 shares in the last quarter. 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.