MicroStrategy (NASDAQ:MSTR) Price Target Raised to $200.00 at TD Cowen

MicroStrategy (NASDAQ:MSTR) had its target price hoisted by TD Cowen from $195.00 to $200.00 in a research note published on Monday morning, Benzinga reports. The firm currently has a buy rating on the software maker’s stock.

MSTR has been the topic of a number of other reports. Maxim Group raised their price objective on MicroStrategy from $183.50 to $193.00 and gave the company a buy rating in a research note on Friday, August 2nd. Cantor Fitzgerald started coverage on MicroStrategy in a research note on Wednesday, August 21st. They issued an overweight rating and a $194.00 price target on the stock. Benchmark increased their price objective on MicroStrategy from $187.50 to $215.00 and gave the company a buy rating in a research note on Friday, August 2nd. Canaccord Genuity Group decreased their target price on shares of MicroStrategy from $185.00 to $173.00 and set a buy rating on the stock in a research note on Monday, September 16th. Finally, Barclays initiated coverage on shares of MicroStrategy in a research report on Friday, September 6th. They set an overweight rating and a $146.00 price target for the company. One investment analyst has rated the stock with a sell rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, MicroStrategy presently has an average rating of Moderate Buy and a consensus target price of $202.13.

MicroStrategy Stock Performance

Shares of NASDAQ MSTR opened at $165.98 on Monday. The stock’s 50-day moving average is $142.06 and its 200 day moving average is $145.53. The stock has a market cap of $29.44 billion, a price-to-earnings ratio of -24.77 and a beta of 3.10. MicroStrategy has a 1-year low of $30.71 and a 1-year high of $200.00. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.31.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data on Thursday, August 1st. The software maker reported ($0.57) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.48). MicroStrategy had a negative return on equity of 14.72% and a negative net margin of 43.69%. The business had revenue of $111.44 million during the quarter, compared to the consensus estimate of $121.99 million. During the same quarter in the previous year, the firm posted $0.15 earnings per share. The company’s revenue was down 7.4% compared to the same quarter last year.

Insider Transactions at MicroStrategy

In related news, CEO Phong Le sold 50,000 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $138.28, for a total value of $6,914,000.00. Following the completion of the transaction, the chief executive officer now directly owns 12,670 shares of the company’s stock, valued at $1,752,007.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP Wei-Ming Shao sold 3,000 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total value of $423,600.00. Following the completion of the transaction, the executive vice president now directly owns 6,460 shares in the company, valued at approximately $912,152. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Phong Le sold 50,000 shares of MicroStrategy stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $138.28, for a total transaction of $6,914,000.00. Following the transaction, the chief executive officer now directly owns 12,670 shares of the company’s stock, valued at $1,752,007.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 101,838 shares of company stock valued at $13,950,265. Company insiders own 13.18% of the company’s stock.

Hedge Funds Weigh In On MicroStrategy

Institutional investors and hedge funds have recently made changes to their positions in the business. Capital International Investors increased its position in MicroStrategy by 14.9% during the 1st quarter. Capital International Investors now owns 1,791,564 shares of the software maker’s stock valued at $3,053,828,000 after buying an additional 232,667 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of MicroStrategy by 34.8% in the first quarter. Vanguard Group Inc. now owns 1,553,048 shares of the software maker’s stock worth $2,647,263,000 after buying an additional 401,071 shares in the last quarter. Norges Bank purchased a new stake in shares of MicroStrategy during the fourth quarter valued at approximately $70,990,000. Price T Rowe Associates Inc. MD increased its position in shares of MicroStrategy by 13.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 88,762 shares of the software maker’s stock valued at $151,301,000 after acquiring an additional 10,835 shares in the last quarter. Finally, Capital World Investors raised its holdings in MicroStrategy by 0.8% in the 1st quarter. Capital World Investors now owns 70,636 shares of the software maker’s stock worth $120,403,000 after acquiring an additional 536 shares during the last quarter. 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.