MicroStrategy (NASDAQ:MSTR) Trading 6.1% Higher Following Analyst Upgrade

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price shot up 6.1% during mid-day trading on Tuesday after Barclays raised their price target on the stock from $225.00 to $275.00. Barclays currently has an overweight rating on the stock. MicroStrategy traded as high as $243.46 and last traded at $236.66. 7,335,279 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 16,572,816 shares. The stock had previously closed at $222.99.

Other equities research analysts have also issued reports about the stock. BTIG Research lifted their price target on shares of MicroStrategy from $180.00 to $240.00 and gave the company a “buy” rating in a report on Monday, October 21st. Maxim Group boosted their target price on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Sanford C. Bernstein dropped their price target 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. Cantor Fitzgerald initiated coverage on MicroStrategy in a report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price objective on the stock. Finally, TD Cowen upped their target price on MicroStrategy from $200.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. One equities 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, MicroStrategy currently has an average rating of “Moderate Buy” and an average price target of $271.13.

Insiders Place Their Bets

In related news, CEO Phong Le sold 48,838 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $135.40, for a total value of $6,612,665.20. Following the sale, the chief executive officer now directly owns 12,670 shares in the company, valued at $1,715,518. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Phong Le sold 48,838 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $135.40, for a total value of $6,612,665.20. Following the transaction, the chief executive officer now owns 12,670 shares in the company, valued at $1,715,518. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Wei-Ming Shao sold 3,000 shares of the 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 sale, the executive vice president now owns 6,460 shares of the company’s stock, valued at approximately $912,152. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 101,838 shares of company stock valued at $13,950,265. 13.18% of the stock is currently owned by company insiders.

Institutional Trading of MicroStrategy

Several large investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC bought a new position in shares of MicroStrategy during the 1st quarter worth about $58,000. Sequoia Financial Advisors LLC bought a new position in MicroStrategy in the first quarter worth approximately $377,000. Janney Montgomery Scott LLC boosted its holdings in MicroStrategy by 16.8% in the first quarter. Janney Montgomery Scott LLC now owns 3,219 shares of the software maker’s stock worth $5,487,000 after acquiring an additional 464 shares in the last quarter. Jennison Associates LLC acquired a new stake in MicroStrategy in the first quarter valued at approximately $806,000. Finally, Wealthspire Advisors LLC bought a new stake in shares of MicroStrategy during the first quarter valued at approximately $203,000. Institutional investors and hedge funds own 72.03% of the company’s stock.

MicroStrategy Price Performance

The business has a 50-day moving average price of $173.44 and a two-hundred day moving average price of $154.75. The company has a quick ratio of 0.47, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $40.41 billion, a price-to-earnings ratio of -107.96 and a beta of 3.05.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($1.44). The business had revenue of $116.07 million during 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%. The firm’s quarterly revenue was down 10.3% on a year-over-year basis. During the same period last year, the business posted ($8.98) earnings per share.

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.