MicroStrategy (NASDAQ:MSTR) PT Raised to $245.00 at Benchmark

MicroStrategy (NASDAQ:MSTR - Get Free Report) had its target price lifted by stock analysts at Benchmark from $215.00 to $245.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a "buy" rating on the software maker's stock. Benchmark's target price would suggest a potential upside of 13.50% from the stock's previous close.

MSTR has been the topic of several other research reports. Cantor Fitzgerald began coverage on shares of MicroStrategy in a research report on Wednesday, August 21st. They issued an "overweight" rating and a $194.00 price target on the stock. Sanford C. Bernstein lowered their price target on shares of MicroStrategy from $2,890.00 to $290.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 9th. TD Cowen boosted their price target on shares of MicroStrategy from $195.00 to $200.00 and gave the company a "buy" rating in a research report on Monday, September 23rd. Barclays boosted their price objective on shares of MicroStrategy from $173.00 to $225.00 and gave the company an "overweight" rating in a research note on Monday. Finally, Maxim Group boosted their price objective on shares of MicroStrategy from $183.50 to $193.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, MicroStrategy presently has an average rating of "Moderate Buy" and a consensus target price of $212.50.

MicroStrategy Stock Performance

MSTR stock traded up $22.44 during mid-day trading on Friday, hitting $215.86. The company had a trading volume of 22,763,546 shares, compared to its average volume of 16,389,516. The firm has a market cap of $38.29 billion, a PE ratio of -32.22 and a beta of 3.11. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.47 and a current ratio of 0.47. MicroStrategy has a 12 month low of $32.81 and a 12 month high of $227.15. The stock's fifty day moving average price is $151.88 and its two-hundred day moving average price is $147.72.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The software maker reported ($0.57) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.48). MicroStrategy had a negative return on equity of 14.72% and a negative net margin of 43.69%. The company had revenue of $111.44 million during the quarter, compared to the consensus estimate of $121.99 million. During the same period in the prior year, the firm posted $0.15 EPS. The business's revenue was down 7.4% on a year-over-year basis.

Insider Transactions at MicroStrategy

In other news, EVP Wei-Ming Shao sold 3,000 shares of the business's stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total value of $423,600.00. Following the completion of the sale, the executive vice president now directly owns 6,460 shares in the company, valued at approximately $912,152. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other MicroStrategy news, CEO Phong Le sold 50,000 shares of the company's stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $138.28, for a total value of $6,914,000.00. Following the completion of the transaction, the chief executive officer now directly owns 12,670 shares in the company, valued at approximately $1,752,007.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 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 directly owns 6,460 shares in the company, valued at $912,152. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 101,838 shares of company stock worth $13,950,265. 13.18% of the stock is currently owned by insiders.

Institutional Trading of MicroStrategy

A number of hedge funds and other institutional investors have recently modified their holdings of MSTR. UMB Bank n.a. grew its position in shares of MicroStrategy by 900.0% in the 3rd quarter. UMB Bank n.a. now owns 150 shares of the software maker's stock worth $25,000 after buying an additional 135 shares during the period. AlphaMark Advisors LLC boosted its holdings in shares of MicroStrategy by 2,900.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker's stock valued at $25,000 after acquiring an additional 145 shares during the last quarter. ST Germain D J Co. Inc. lifted its stake in shares of MicroStrategy by 900.0% in the 3rd quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker's stock worth $29,000 after purchasing an additional 153 shares during the period. Rise Advisors LLC lifted its stake in shares of MicroStrategy by 1,031.6% in the 3rd quarter. Rise Advisors LLC now owns 215 shares of the software maker's stock worth $36,000 after purchasing an additional 196 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of MicroStrategy in the 2nd quarter worth approximately $37,000. 72.03% of the stock is owned by hedge funds and other institutional investors.

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.