MicroStrategy (NASDAQ:MSTR) Price Target Raised to $680.00 at Cantor Fitzgerald

MicroStrategy (NASDAQ:MSTR) had its price target increased by Cantor Fitzgerald from $614.00 to $680.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have an overweight rating on the software maker’s stock.

Other analysts have also issued reports about the company. Canaccord Genuity Group reiterated a “buy” rating on shares of MicroStrategy in a research report on Monday, May 19th. BTIG Research reiterated a “buy” rating on shares of MicroStrategy in a research report on Wednesday, May 14th. Cowen reissued a “buy” rating on shares of MicroStrategy in a research note on Monday, July 14th. TD Cowen increased their price objective on shares of MicroStrategy from $590.00 to $680.00 and gave the company a “buy” rating in a report on Tuesday, July 15th. Finally, Monness Crespi & Hardt lifted their target price on shares of MicroStrategy from $175.00 to $200.00 and gave the stock a “sell” rating in a report on Tuesday, July 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, MicroStrategy currently has an average rating of “Moderate Buy” and a consensus target price of $531.17.

MicroStrategy Price Performance

MSTR opened at $403.80 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a market capitalization of $110.40 billion, a P/E ratio of -18.51 and a beta of 3.70. The company’s 50 day simple moving average is $395.63 and its 200-day simple moving average is $351.75. MicroStrategy has a one year low of $102.40 and a one year high of $543.00.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings data on Thursday, May 1st. The software maker reported ($16.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($16.47). The firm had revenue of $111.07 million for the quarter, compared to analyst estimates of $116.66 million. MicroStrategy had a negative return on equity of 37.64% and a negative net margin of 1,160.72%. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.83) EPS.

Insider Activity

In other MicroStrategy news, Director Jarrod M. Patten acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The stock was acquired at an average cost of $101.38 per share, for a total transaction of $1,013,800.00. Following the transaction, the director owned 10,000 shares of the company’s stock, valued at $1,013,800. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carl J. Rickertsen sold 26,390 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $372.40, for a total value of $9,827,636.00. Following the sale, the director directly owned 980 shares of the company’s stock, valued at approximately $364,952. The trade was a 96.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders purchased 25,277 shares of company stock valued at $2,312,345 and sold 172,971 shares valued at $70,540,378. Insiders own 8.46% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. First Trust Advisors LP raised its holdings in shares of MicroStrategy by 266.1% during the fourth quarter. First Trust Advisors LP now owns 417,574 shares of the software maker’s stock worth $120,938,000 after acquiring an additional 303,517 shares during the period. Geode Capital Management LLC raised its stake in shares of MicroStrategy by 10.2% in the 4th quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker’s stock valued at $881,470,000 after purchasing an additional 281,342 shares during the period. GAMMA Investing LLC lifted its holdings in shares of MicroStrategy by 42,473.7% in the first quarter. GAMMA Investing LLC now owns 239,264 shares of the software maker’s stock valued at $68,973,000 after purchasing an additional 238,702 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of MicroStrategy by 24.4% in the fourth quarter. Northern Trust Corp now owns 1,076,185 shares of the software maker’s stock valued at $311,685,000 after purchasing an additional 210,997 shares in the last quarter. Finally, ProShare Advisors LLC boosted its position in shares of MicroStrategy by 13,230.1% during the fourth quarter. ProShare Advisors LLC now owns 208,483 shares of the software maker’s stock worth $60,381,000 after buying an additional 206,919 shares during the period. Institutional investors own 59.84% of the company’s stock.

MicroStrategy Company Profile

Strategy Incorporated, formerly known as MicroStrategy, provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers Strategy ONE, a platform that allows non-technical users to access novel and actionable insights for decision-making, and Strategy Cloud for Government, which provides always-on threat monitoring designed to meet the strict technical and regulatory standards of governments and financial institutions.