MicroStrategy (NASDAQ:MSTR) Trading 5.6% Higher on Analyst Upgrade

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report)'s share price shot up 5.6% during trading 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 $409.11 and last traded at $406.35. 13,662,018 shares traded hands during mid-day trading, a decline of 21% from the average session volume of 17,224,656 shares. The stock had previously closed at $384.79.

MSTR has been the subject of a number of other research reports. Maxim Group lifted their target price on MicroStrategy from $193.00 to $270.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Canaccord Genuity Group upped their target price on shares of MicroStrategy from $173.00 to $300.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Barclays boosted their price target on shares of MicroStrategy from $225.00 to $275.00 and gave the company an "overweight" rating in a research report on Monday, November 4th. Sanford C. Bernstein dropped their price objective on MicroStrategy from $2,890.00 to $290.00 and set an "outperform" rating for the company in a research note on Wednesday, October 9th. Finally, Cantor Fitzgerald initiated coverage on MicroStrategy in a research note on Wednesday, August 21st. They issued an "overweight" rating and a $194.00 target price on the stock. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $289.88.

Insider Activity

In related news, CAO Jeanine Montgomery sold 56,250 shares of MicroStrategy stock in a transaction on Wednesday, November 6th. The shares were 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 $1,459,514.70. This trade represents a 90.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Wei-Ming Shao sold 3,000 shares of the company's stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total transaction of $423,600.00. Following the sale, the executive vice president now owns 6,460 shares of the company's stock, valued at approximately $912,152. The trade was a 31.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 135,000 shares of company stock worth $30,569,577. 13.18% of the stock is currently owned by insiders.

Institutional Trading of MicroStrategy

A number of institutional investors have recently made changes to their positions in MSTR. Signaturefd LLC raised its holdings in MicroStrategy by 13.6% during the 2nd quarter. Signaturefd LLC now owns 50 shares of the software maker's stock valued at $69,000 after buying an additional 6 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of MicroStrategy by 36.4% during the second quarter. GAMMA Investing LLC now owns 30 shares of the software maker's stock valued at $41,000 after acquiring an additional 8 shares during the last quarter. Cigna Investments Inc. New boosted its holdings in shares of MicroStrategy by 5.1% during the second quarter. Cigna Investments Inc. New now owns 164 shares of the software maker's stock worth $226,000 after purchasing an additional 8 shares during the period. Crossmark Global Holdings Inc. grew its stake in shares of MicroStrategy by 2.8% in the second quarter. Crossmark Global Holdings Inc. now owns 400 shares of the software maker's stock worth $551,000 after purchasing an additional 11 shares during the last quarter. Finally, Dakota Wealth Management increased its holdings in MicroStrategy by 0.3% during the 2nd quarter. Dakota Wealth Management now owns 4,515 shares of the software maker's stock valued at $6,219,000 after purchasing an additional 15 shares during the period. Hedge funds and other institutional investors own 72.03% of the company's stock.

MicroStrategy Price Performance

The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. The business has a 50-day simple moving average of $216.04 and a 200 day simple moving average of $170.24. The firm has a market cap of $87.24 billion, a P/E ratio of -204.34 and a beta of 3.05.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced its 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). The business had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. MicroStrategy's revenue was down 10.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($8.98) EPS.

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.