Mizuho Initiates Coverage on MicroStrategy (NASDAQ:MSTR)

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

MSTR has been the subject of a number of other reports. Maxim Group boosted their target price 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. Barclays raised their price objective on MicroStrategy from $275.00 to $515.00 and gave the stock an "overweight" rating in a report on Monday, November 25th. TD Cowen upped their target price on MicroStrategy from $392.00 to $525.00 and gave the stock a "buy" rating in a report on Monday, November 25th. Benchmark restated a "buy" rating and issued a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. Finally, BTIG Research increased their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $483.22.

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MicroStrategy Price Performance

NASDAQ MSTR traded down $5.30 during trading on Wednesday, hitting $334.79. 15,529,068 shares of the stock traded hands, compared to its average volume of 17,747,530. The firm has a 50-day simple moving average of $359.82 and a 200-day simple moving average of $250.23. MicroStrategy has a 12-month low of $46.75 and a 12-month high of $543.00. 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 company has a market capitalization of $80.23 billion, a P/E ratio of -158.89 and a beta of 3.25.

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

Insider Buying and Selling

In other news, CAO Jeanine Montgomery sold 752 shares of MicroStrategy stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $322.45, for a total transaction of $242,482.40. Following the completion of the transaction, the chief accounting officer now directly owns 6,418 shares of the company's stock, valued at $2,069,484.10. The trade was a 10.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $9,027,200.00. Following the completion of the transaction, the director now directly owns 6,970 shares of the company's stock, 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 102,000 shares of company stock valued at $32,259,177 over the last quarter. 9.16% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MicroStrategy

Several institutional investors and hedge funds have recently modified their holdings of MSTR. National Bank of Canada FI increased its position in shares of MicroStrategy by 746.2% during the third quarter. National Bank of Canada FI now owns 20,647 shares of the software maker's stock worth $3,481,000 after purchasing an additional 18,207 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in MicroStrategy in the 3rd quarter valued at about $254,000. Wellington Management Group LLP lifted its stake in MicroStrategy by 979.8% in the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker's stock worth $1,134,000 after purchasing an additional 6,104 shares in the last quarter. US Bancorp DE boosted its holdings in shares of MicroStrategy by 782.8% during the 3rd quarter. US Bancorp DE now owns 4,255 shares of the software maker's stock worth $717,000 after purchasing an additional 3,773 shares during the last quarter. Finally, Virtu Financial LLC grew its position in shares of MicroStrategy by 10,398.4% in the third quarter. Virtu Financial LLC now owns 224,245 shares of the software maker's stock valued at $37,808,000 after purchasing an additional 222,109 shares in the last quarter. Hedge funds and other institutional investors own 59.84% 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.