MicroStrategy (NASDAQ:MSTR) Now Covered by Mizuho

Mizuho started coverage on shares of MicroStrategy (NASDAQ:MSTR - Free Report) in a report issued on Wednesday morning, MarketBeat Ratings reports. The firm issued an outperform rating and a $515.00 price objective on the software maker's stock.

Other equities research analysts have also issued research reports about the company. BTIG Research raised their target price on MicroStrategy from $290.00 to $570.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Sanford C. Bernstein reissued an "outperform" rating and set a $600.00 price objective on shares of MicroStrategy in a report on Thursday, December 12th. TD Cowen upped their target price on shares of MicroStrategy from $392.00 to $525.00 and gave the company a "buy" rating in a report on Monday, November 25th. Benchmark reiterated a "buy" rating and set a $650.00 price target on shares of MicroStrategy in a research note on Tuesday, January 14th. Finally, Maxim Group upped their price objective on shares of MicroStrategy from $193.00 to $270.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, MicroStrategy currently has a consensus rating of "Moderate Buy" and a consensus target price of $483.22.

MicroStrategy Stock Up 1.7 %

NASDAQ MSTR traded up $5.80 during trading hours on Wednesday, hitting $347.05. 9,210,374 shares of the company were exchanged, compared to its average volume of 19,154,043. The company has a 50 day moving average of $362.51 and a two-hundred day moving average of $247.80. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The firm has a market cap of $83.17 billion, a price-to-earnings ratio of -164.50 and a beta of 3.25. MicroStrategy has a 52-week low of $46.75 and a 52-week high of $543.00.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its 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). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The firm had revenue of $116.07 million during the quarter, compared to analyst estimates of $121.45 million. During the same period last year, the business earned ($8.98) EPS. The firm's revenue was down 10.3% compared to the same quarter last year.

Insider Activity

In other news, CAO Jeanine Montgomery sold 752 shares of the company's stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total transaction of $242,482.40. Following the completion of the sale, the chief accounting officer now directly owns 6,418 shares in the company, valued at $2,069,484.10. This represents a 10.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Stephen X. Graham sold 20,000 shares of MicroStrategy stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total value of $9,027,200.00. Following the completion of the transaction, the director now owns 6,970 shares in the company, valued at $3,145,979.20. The trade was a 74.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,000 shares of company stock valued at $32,259,177 over the last quarter. Company insiders own 9.16% of the company's stock.

Institutional Trading of MicroStrategy

A number of institutional investors and hedge funds have recently bought and sold shares of MSTR. UMB Bank n.a. raised its stake in shares of MicroStrategy by 900.0% during the third quarter. UMB Bank n.a. now owns 150 shares of the software maker's stock valued at $25,000 after purchasing an additional 135 shares during the period. AlphaMark Advisors LLC increased its position in shares of MicroStrategy by 2,900.0% during the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker's stock worth $25,000 after acquiring an additional 145 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in MicroStrategy during the 3rd quarter valued at approximately $27,000. Sunbelt Securities Inc. boosted its stake in shares of MicroStrategy by 900.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker's stock valued at $27,000 after buying an additional 144 shares during the last quarter. Finally, ST Germain D J Co. Inc. increased its stake in shares of MicroStrategy by 900.0% in the third quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker's stock worth $29,000 after buying an additional 153 shares during the last quarter. Institutional investors and hedge funds own 59.84% of the company's stock.

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.