MicroStrategy (NASDAQ:MSTR) Price Target Raised to $650.00 at Benchmark

MicroStrategy (NASDAQ:MSTR) had its target price hoisted by Benchmark from $450.00 to $650.00 in a research note issued to investors on Monday,Benzinga reports. Benchmark currently has a buy rating on the software maker’s stock.

MSTR has been the topic of a number of other research reports. Cantor Fitzgerald assumed coverage on MicroStrategy in a research report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price target on the stock. BTIG Research increased their price target on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Maxim Group increased their price target on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. TD Cowen increased their price target on MicroStrategy from $200.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Canaccord Genuity Group increased their price target on MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, MicroStrategy currently has an average rating of “Moderate Buy” and a consensus target price of $479.25.

MicroStrategy Stock Down 4.4 %

MicroStrategy stock opened at $403.45 on Monday. The firm has a market cap of $81.76 billion, a price-to-earnings ratio of -191.48 and a beta of 3.05. MicroStrategy has a 52 week low of $43.87 and a 52 week high of $543.00. The business’s 50-day moving average price is $239.06 and its 200 day moving average price is $178.58. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12.

MicroStrategy (NASDAQ:MSTR) last posted its earnings results on Wednesday, October 30th. The software maker reported ($1.56) EPS for the quarter, missing the consensus estimate of ($0.12) by ($1.44). The company had revenue of $116.07 million for the quarter, compared to analyst estimates of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The firm’s revenue was down 10.3% on a year-over-year basis. During the same period last year, the business earned ($8.98) earnings per share.

Insider Activity

In other news, Director Stephen X. Graham sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value of $9,027,200.00. Following the transaction, the director now owns 6,970 shares in the company, valued at $3,145,979.20. This trade represents a 74.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Jeanine Montgomery sold 752 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $322.45, for a total value of $242,482.40. Following the completion of the transaction, the chief accounting officer now owns 6,418 shares in the company, valued at approximately $2,069,484.10. This trade represents a 10.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,000 shares of company stock worth $32,259,177 over the last quarter. 13.18% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On MicroStrategy

Institutional investors have recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new position in MicroStrategy during the second quarter worth approximately $37,000. GAMMA Investing LLC lifted its position in MicroStrategy by 36.4% during the second quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock worth $41,000 after buying an additional 8 shares in the last quarter. Signaturefd LLC lifted its position in MicroStrategy by 13.6% during the second quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock worth $69,000 after buying an additional 6 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in MicroStrategy during the second quarter worth approximately $106,000. Finally, Larson Financial Group LLC lifted its position in MicroStrategy by 72.3% during the second quarter. Larson Financial Group LLC now owns 81 shares of the software maker’s stock worth $112,000 after buying an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 72.03% of the company’s stock.

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.