Barclays Raises MicroStrategy (NASDAQ:MSTR) Price Target to $173.00

MicroStrategy (NASDAQ:MSTR) had its price target boosted by Barclays from $146.00 to $173.00 in a research report report published on Monday morning, Benzinga reports. They currently have an overweight rating on the software maker’s stock.

Other analysts have also recently issued reports about the stock. Canaccord Genuity Group dropped their target price on shares of MicroStrategy from $185.00 to $173.00 and set a buy rating on the stock in a report on Monday, September 16th. Cantor Fitzgerald began coverage on shares of MicroStrategy in a research note on Wednesday, August 21st. They set an overweight rating and a $194.00 price objective on the stock. Benchmark raised their target price on shares of MicroStrategy from $187.50 to $215.00 and gave the stock a buy rating in a report on Friday, August 2nd. Maxim Group upped their target price on MicroStrategy from $183.50 to $193.00 and gave the company a buy rating in a report on Friday, August 2nd. Finally, TD Cowen increased their price target on MicroStrategy from $195.00 to $200.00 and gave the stock a buy rating in a research report on Monday. One analyst has rated the stock with a sell rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, MicroStrategy presently has an average rating of Moderate Buy and a consensus target price of $202.13.

MicroStrategy Stock Up 9.2 %

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

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

Insider Activity

In other news, EVP Wei-Ming Shao sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total transaction 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 $912,152. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Phong Le sold 50,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Wei-Ming Shao sold 3,000 shares of MicroStrategy stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total transaction of $423,600.00. Following the sale, the executive vice president now owns 6,460 shares in the company, valued at $912,152. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 101,838 shares of company stock valued at $13,950,265. Insiders own 13.18% of the company’s stock.

Hedge Funds Weigh In On MicroStrategy

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of MicroStrategy by 34.8% during the 1st 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. Capital International Investors lifted its position in MicroStrategy by 14.9% in the first quarter. Capital International Investors now owns 1,791,564 shares of the software maker’s stock worth $3,053,828,000 after purchasing an additional 232,667 shares during the period. Norges Bank bought a new position in MicroStrategy during the 4th quarter valued at $70,990,000. Westfield Capital Management Co. LP acquired a new position in shares of MicroStrategy during the 1st quarter valued at $60,892,000. Finally, APEIRON CAPITAL Ltd bought a new stake in shares of MicroStrategy in the 1st quarter worth $53,864,000. Institutional investors own 72.03% 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.