Brokerages Set MicroStrategy Incorporated (NASDAQ:MSTR) PT at $479.25

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) have been assigned a consensus recommendation of “Buy” from the eight ratings firms that are covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $479.25.

Several research firms have issued reports on MSTR. Cantor Fitzgerald assumed coverage on MicroStrategy in a report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price objective on the stock. Maxim Group boosted their target price on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. BTIG Research raised their price target on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a report on Thursday, November 21st. TD Cowen boosted their price objective on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Finally, Benchmark raised their target price on shares of MicroStrategy from $450.00 to $650.00 and gave the company a “buy” rating in a research note on Monday, November 25th.

MicroStrategy Stock Performance

Shares of NASDAQ:MSTR opened at $408.67 on Friday. The business has a fifty day moving average of $303.61 and a 200-day moving average of $201.07. 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 twelve month low of $43.87 and a twelve month high of $543.00. The firm has a market cap of $82.81 billion, a PE ratio of -193.96 and a beta of 3.17.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings data 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). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The company had revenue of $116.07 million during the quarter, compared to analyst estimates of $121.45 million. During the same quarter in the previous year, the business posted ($8.98) EPS. The company’s revenue was down 10.3% compared to the same quarter last year.

Insider Activity at MicroStrategy

In other MicroStrategy news, CFO Andrew Kang sold 5,700 shares of the 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 sale, the chief financial officer now directly owns 12,080 shares in the company, valued at approximately $3,106,372. This trade represents a 32.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Jeanine Montgomery sold 56,250 shares of MicroStrategy stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the transaction, the chief accounting officer now directly owns 5,670 shares in the company, valued at approximately $1,459,514.70. This represents a 90.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,000 shares of company stock worth $32,259,177 in the last ninety days. Company insiders own 13.18% of the company’s stock.

Institutional Investors Weigh In On MicroStrategy

Large investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its stake in 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 buying an additional 8 shares in the last quarter. Park Avenue Securities LLC lifted its position in MicroStrategy by 21.5% in the 2nd quarter. Park Avenue Securities LLC now owns 447 shares of the software maker’s stock valued at $616,000 after acquiring an additional 79 shares in the last quarter. CWM LLC boosted its stake in MicroStrategy by 49.1% in the 2nd quarter. CWM LLC now owns 1,236 shares of the software maker’s stock worth $1,703,000 after purchasing an additional 407 shares during the period. Simplicity Wealth LLC increased its holdings in MicroStrategy by 26.2% during the 2nd quarter. Simplicity Wealth LLC now owns 463 shares of the software maker’s stock worth $638,000 after purchasing an additional 96 shares in the last quarter. Finally, American Asset Management Inc. acquired a new stake in shares of MicroStrategy in the 2nd quarter valued at about $275,000. 59.84% of the stock is currently owned by institutional investors.

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.