MicroStrategy (NASDAQ:MSTR) Reaches New 12-Month High on Analyst Upgrade

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report)'s stock price reached a new 52-week high on Tuesday after Benchmark raised their price target on the stock from $300.00 to $450.00. Benchmark currently has a buy rating on the stock. MicroStrategy traded as high as $393.00 and last traded at $393.00, with a volume of 2594225 shares traded. The stock had previously closed at $384.79.

MSTR has been the subject of a number of other research reports. Sanford C. Bernstein lowered their price target on MicroStrategy from $2,890.00 to $290.00 and set an "outperform" rating for the company in a report on Wednesday, October 9th. Barclays upped their target price on MicroStrategy from $225.00 to $275.00 and gave the stock an "overweight" rating in a report on Monday, November 4th. Canaccord Genuity Group raised their price target on MicroStrategy from $173.00 to $300.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. BTIG Research upped their price objective on shares of MicroStrategy from $180.00 to $240.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. Finally, 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. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $289.88.

Insider Activity

In other news, EVP Wei-Ming Shao sold 3,000 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total transaction of $423,600.00. Following the completion of the sale, the executive vice president now owns 6,460 shares in the company, valued at approximately $912,152. This represents a 31.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jeanine Montgomery sold 56,250 shares of the business's stock in a transaction on 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 transaction, the chief accounting officer now owns 5,670 shares in the company, valued at approximately $1,459,514.70. This trade represents a 90.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 135,000 shares of company stock worth $30,569,577. Corporate insiders own 13.18% of the company's stock.

Institutional Trading of MicroStrategy

A number of institutional investors have recently bought and sold shares of the stock. Arete Wealth Advisors LLC raised its holdings in shares of MicroStrategy by 1,063.6% in the third quarter. Arete Wealth Advisors LLC now owns 10,740 shares of the software maker's stock worth $1,814,000 after buying an additional 9,817 shares during the last quarter. Sunbelt Securities Inc. lifted its position in MicroStrategy by 900.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker's stock worth $27,000 after acquiring an additional 144 shares during the period. Toronto Dominion Bank grew its stake in MicroStrategy by 881.6% during the 3rd quarter. Toronto Dominion Bank now owns 19,809 shares of the software maker's stock valued at $3,340,000 after purchasing an additional 17,791 shares during the last quarter. Coldstream Capital Management Inc. increased its holdings in shares of MicroStrategy by 353.5% in the third quarter. Coldstream Capital Management Inc. now owns 2,349 shares of the software maker's stock valued at $439,000 after purchasing an additional 1,831 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of MicroStrategy by 990.6% in the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker's stock worth $465,573,000 after purchasing an additional 2,512,645 shares during the last quarter. 72.03% of the stock is currently owned by institutional investors and hedge funds.

MicroStrategy Price Performance

The stock has a fifty day moving average of $216.04 and a 200 day moving average of $170.24. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market cap of $87.24 billion, a price-to-earnings ratio of -204.34 and a beta of 3.05.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) EPS 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 business had revenue of $116.07 million during the quarter, compared to analysts' expectations of $121.45 million. During the same period last year, the company earned ($8.98) earnings per share. The firm's revenue was down 10.3% on a year-over-year basis.

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.