MicroStrategy’s (MSTR) Outperform Rating Reiterated at Sanford C. Bernstein

Sanford C. Bernstein reissued their outperform rating on shares of MicroStrategy (NASDAQ:MSTR) in a research note published on Thursday morning,Benzinga reports. The firm currently has a $600.00 target price on the software maker’s stock.

A number of other research firms have also recently issued reports on MSTR. Barclays lifted their price target on shares of MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Canaccord Genuity Group increased their price target on MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a report on Monday, November 25th. BTIG Research raised their target price on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Maxim Group raised their target price on shares of MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Benchmark increased their price target on shares of MicroStrategy from $450.00 to $650.00 and gave the company a “buy” rating in a research note on Monday, November 25th. 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $479.25.

MicroStrategy Trading Up 4.2 %

NASDAQ:MSTR opened at $408.67 on Thursday. The firm has a fifty day simple moving average of $303.61 and a 200-day simple moving average of $201.30. MicroStrategy has a 12 month low of $43.87 and a 12 month high of $543.00. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $82.81 billion, a P/E ratio of -193.96 and a beta of 3.17.

MicroStrategy (NASDAQ:MSTR) last posted its earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (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 analyst estimates of $121.45 million. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The company’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($8.98) earnings per share.

Insider Buying and Selling

In related news, CAO Jeanine Montgomery sold 752 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $322.45, for a total transaction of $242,482.40. Following the completion of the transaction, the chief accounting officer now directly owns 6,418 shares of the company’s stock, valued at $2,069,484.10. This represents a 10.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Andrew Kang sold 5,700 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total transaction of $1,465,755.00. Following the completion of the sale, the chief financial officer now owns 12,080 shares of the company’s stock, valued at approximately $3,106,372. The trade was a 32.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,000 shares of company stock valued at $32,259,177 over the last three months. 13.18% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MicroStrategy

A number of large investors have recently modified their holdings of MSTR. US Bancorp DE grew its holdings in MicroStrategy by 782.8% during the third quarter. US Bancorp DE now owns 4,255 shares of the software maker’s stock worth $717,000 after acquiring an additional 3,773 shares during the period. National Bank of Canada FI boosted its position in shares of MicroStrategy by 746.2% during the 3rd quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock worth $3,481,000 after purchasing an additional 18,207 shares in the last quarter. Freedom Investment Management Inc. acquired a new position in shares of MicroStrategy during the 3rd quarter worth $737,000. Virtu Financial LLC increased its holdings in shares of MicroStrategy by 10,398.4% in the 3rd quarter. Virtu Financial LLC now owns 224,245 shares of the software maker’s stock valued at $37,808,000 after purchasing an additional 222,109 shares in the last quarter. Finally, Vinva Investment Management Ltd purchased a new position in shares of MicroStrategy in the 3rd quarter valued at about $246,000. 59.84% of the stock is owned by hedge funds and other institutional investors.

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.