MicroStrategy Incorporated (NASDAQ:MSTR) Receives $208.75 Average Target Price from Brokerages

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) has been assigned a consensus rating of "Buy" from the eight analysts that are presently covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $212.50.

MSTR has been the subject of several recent analyst reports. 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. TD Cowen upped their price target on shares of MicroStrategy from $195.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, September 23rd. Canaccord Genuity Group dropped their price objective on MicroStrategy from $185.00 to $173.00 and set a "buy" rating for the company in a research note on Monday, September 16th. Cantor Fitzgerald started coverage on MicroStrategy in a research report on Wednesday, August 21st. They set an "overweight" rating and a $194.00 target price for the company. Finally, Benchmark raised their price target on MicroStrategy from $215.00 to $245.00 and gave the company a "buy" rating in a report on Friday.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wealth Alliance Advisory Group LLC bought a new stake in MicroStrategy during the 3rd quarter valued at $202,000. Crosspoint Financial LLC purchased a new position in shares of MicroStrategy during the third quarter valued at approximately $211,000. Commonwealth Equity Services LLC raised its holdings in MicroStrategy by 827.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 225,531 shares of the software maker's stock worth $38,025,000 after purchasing an additional 201,210 shares in the last quarter. ST Germain D J Co. Inc. increased its position in shares of MicroStrategy by 900.0% during the third quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker's stock valued at $29,000 after buying an additional 153 shares during the period. Finally, JTC Employer Solutions Trustee Ltd raised its stake in MicroStrategy by 900.0% in the third quarter. JTC Employer Solutions Trustee Ltd now owns 600 shares of the software maker's stock worth $101,000 after buying an additional 540 shares in the last quarter. Institutional investors own 72.03% of the company's stock.

MicroStrategy Stock Performance

Shares of MicroStrategy stock traded up $22.44 during trading hours on Friday, reaching $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. MicroStrategy has a one year low of $32.81 and a one year high of $227.15. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.47 and a quick ratio of 0.47. The business has a fifty day simple moving average of $151.88 and a 200 day simple moving average of $147.72.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its earnings results 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 quarter in the prior year, the business earned $0.15 EPS. The firm's revenue for the quarter was down 7.4% compared to the same quarter last year.

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.