Barclays Cuts MicroStrategy (NASDAQ:MSTR) Price Target to $421.00

MicroStrategy (NASDAQ:MSTR) had its price objective lowered by Barclays from $515.00 to $421.00 in a report released on Monday morning,Benzinga reports. Barclays currently has an overweight rating on the software maker’s stock.

A number of other brokerages have also recently weighed in on MSTR. Benchmark restated a “buy” rating and set a $650.00 target price on shares of MicroStrategy in a report on Tuesday, January 14th. Keefe, Bruyette & Woods assumed coverage on shares of MicroStrategy in a report on Friday, February 7th. They set an “outperform” rating and a $560.00 target price for the company. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $600.00 price objective on shares of MicroStrategy in a research note on Thursday, December 12th. Mizuho assumed coverage on shares of MicroStrategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective for the company. Finally, Cantor Fitzgerald raised their price objective on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $536.90.

MicroStrategy Trading Up 2.3 %

Shares of NASDAQ:MSTR opened at $326.82 on Monday. The stock has a market capitalization of $78.32 billion, a price-to-earnings ratio of -58.02 and a beta of 3.25. MicroStrategy has a 1-year low of $65.56 and a 1-year high of $543.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The company has a 50 day moving average price of $351.50 and a 200 day moving average price of $259.45.

MicroStrategy (NASDAQ:MSTR) last issued its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Insiders Place Their Bets

In other MicroStrategy news, Director Stephen X. Graham sold 20,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total value of $9,027,200.00. Following the completion of the sale, the director now owns 6,970 shares in the company, valued at $3,145,979.20. This represents a 74.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 9.16% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Thoroughbred Financial Services LLC bought a new position in shares of MicroStrategy during the 4th quarter valued at $293,000. Selway Asset Management bought a new position in shares of MicroStrategy during the 4th quarter valued at $869,000. World Investment Advisors bought a new position in shares of MicroStrategy during the 4th quarter valued at $1,766,000. Huntington National Bank raised its holdings in shares of MicroStrategy by 130.8% during the 4th quarter. Huntington National Bank now owns 120 shares of the software maker’s stock valued at $35,000 after purchasing an additional 68 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of MicroStrategy by 10.2% during 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 in the last quarter. Institutional investors own 59.84% of the company’s stock.

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.