MicroStrategy (NASDAQ:MSTR) Coverage Initiated at Mizuho

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

Other equities research analysts also recently issued reports about the stock. Canaccord Genuity Group raised their target price on shares of MicroStrategy from $300.00 to $510.00 and gave the company a "buy" rating in a research note on Monday, November 25th. BTIG Research lifted their target price on MicroStrategy from $290.00 to $570.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. TD Cowen increased their price target on MicroStrategy from $392.00 to $525.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Barclays lifted their price objective on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an "overweight" rating in a research report on Monday, November 25th. Finally, Sanford C. Bernstein reiterated an "outperform" rating and issued a $600.00 price target on shares of MicroStrategy in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $483.22.

MicroStrategy Trading Up 1.1 %

MicroStrategy stock traded up $3.76 during midday trading on Wednesday, hitting $339.69. 6,960,113 shares of the stock were exchanged, compared to its average volume of 19,426,832. The company has a fifty day simple moving average of $365.16 and a two-hundred day simple moving average of $247.14. 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 stock has a market capitalization of $81.41 billion, a PE ratio of -161.95 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 released 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). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The company had revenue of $116.07 million during the quarter, compared to analyst estimates of $121.45 million. During the same quarter last year, the company earned ($8.98) EPS. The firm's quarterly revenue was down 10.3% compared to the same quarter last year.

Insider Buying and Selling at MicroStrategy

In related news, Director Stephen X. Graham sold 20,000 shares of the firm's stock in a transaction on Thursday, November 21st. The stock was 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. This trade represents a 74.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Andrew Kang sold 5,700 shares of MicroStrategy stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total value 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 have sold a total of 102,000 shares of company stock valued at $32,259,177 in the last ninety days. 9.16% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MicroStrategy

Several institutional investors and hedge funds have recently made changes to their positions in MSTR. National Bank of Canada FI grew its holdings in 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 buying an additional 18,207 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in MicroStrategy during the third quarter valued at approximately $254,000. Wellington Management Group LLP raised its position in shares of MicroStrategy by 979.8% in the third quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker's stock worth $1,134,000 after buying an additional 6,104 shares in the last quarter. US Bancorp DE increased its position in shares of MicroStrategy by 782.8% in the third 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 raised its position in MicroStrategy by 10,398.4% during 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. Institutional investors 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.