Sanford C. Bernstein Issues Positive Forecast for MicroStrategy (NASDAQ:MSTR) Stock Price

MicroStrategy (NASDAQ:MSTR) had its target price raised by Sanford C. Bernstein from $290.00 to $600.00 in a report released on Monday morning,Benzinga reports. They currently have an outperform rating on the software maker’s stock.

Several other research analysts have also recently weighed in on MSTR. Maxim Group upped their price target on shares of MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Benchmark boosted their price objective on shares of MicroStrategy from $300.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. TD Cowen boosted their price objective on shares of MicroStrategy from $200.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Cantor Fitzgerald initiated coverage on shares of MicroStrategy in a research report on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 price objective on the stock. Finally, BTIG Research boosted their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, MicroStrategy has a consensus rating of “Moderate Buy” and a consensus target price of $479.25.

MicroStrategy Stock Down 4.4 %

Shares of NASDAQ MSTR opened at $403.45 on Monday. The stock has a market cap of $81.76 billion, a P/E ratio of -191.48 and a beta of 3.05. The firm has a 50 day moving average price of $239.06 and a 200 day moving average price of $178.58. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. MicroStrategy has a 52-week low of $43.87 and a 52-week high of $543.00.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($1.44). The company had revenue of $116.07 million during 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 firm’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same quarter last year, the company earned ($8.98) EPS.

Insiders Place Their Bets

In other MicroStrategy news, CFO Andrew Kang sold 5,700 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total value of $1,465,755.00. Following the transaction, the chief financial officer now directly owns 12,080 shares in the company, valued at $3,106,372. The trade was a 32.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Wei-Ming Shao sold 18,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the completion of the transaction, the executive vice president now owns 6,460 shares in the company, valued at approximately $2,377,344.60. This represents a 73.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,000 shares of company stock valued at $32,259,177. 13.18% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On MicroStrategy

Institutional investors and hedge funds have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of MicroStrategy in the second quarter valued at $37,000. GAMMA Investing LLC increased its holdings in shares of MicroStrategy by 36.4% in the second quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock valued at $41,000 after purchasing an additional 8 shares during the last quarter. Signaturefd LLC increased its holdings in shares of MicroStrategy by 13.6% in the second quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock valued at $69,000 after purchasing an additional 6 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of MicroStrategy in the second quarter valued at $106,000. Finally, Larson Financial Group LLC increased its holdings in shares of MicroStrategy by 72.3% in the second quarter. Larson Financial Group LLC now owns 81 shares of the software maker’s stock valued at $112,000 after purchasing an additional 34 shares during the last quarter. 72.03% of the stock is currently owned by institutional investors and hedge funds.

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.