Maxim Group Raises MicroStrategy (NASDAQ:MSTR) Price Target to $270.00

MicroStrategy (NASDAQ:MSTR) had its price objective increased by Maxim Group from $193.00 to $270.00 in a research note issued on Thursday, Marketbeat reports. The brokerage presently has a “buy” rating on the software maker’s stock. Maxim Group’s target price would indicate a potential upside of 17.54% from the stock’s current price.

A number of other research analysts also recently commented on the stock. Barclays upped their price objective on shares of MicroStrategy from $173.00 to $225.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Cantor Fitzgerald initiated coverage on shares of MicroStrategy in a research report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price target for the company. Benchmark lifted their price target on shares of MicroStrategy from $215.00 to $245.00 and gave the company a “buy” rating in a report on Friday, October 18th. Sanford C. Bernstein cut their target price on MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 9th. Finally, TD Cowen boosted their price target on MicroStrategy from $195.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $264.88.

MicroStrategy Trading Down 6.0 %

Shares of MSTR stock opened at $229.71 on Thursday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $40.74 billion, a price-to-earnings ratio of -109.02 and a beta of 3.11. The firm has a 50-day moving average price of $171.91 and a 200 day moving average price of $153.59. MicroStrategy has a twelve month low of $42.40 and a twelve month high of $267.89.

MicroStrategy (NASDAQ:MSTR) last issued 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). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 19.60%. The business had revenue of $116.07 million during the quarter, compared to analyst estimates of $121.45 million. During the same quarter last year, the firm posted ($8.98) earnings per share. The company’s revenue was down 10.3% on a year-over-year basis.

Insider Buying and Selling at MicroStrategy

In other news, EVP Wei-Ming Shao sold 3,000 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total value of $423,600.00. Following the completion of the sale, the executive vice president now owns 6,460 shares in the company, valued at approximately $912,152. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Wei-Ming Shao sold 3,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total transaction of $423,600.00. Following the transaction, the executive vice president now directly owns 6,460 shares of the company’s stock, valued at approximately $912,152. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Phong Le sold 48,838 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $135.40, for a total transaction of $6,612,665.20. Following the sale, the chief executive officer now directly owns 12,670 shares of the company’s stock, valued at approximately $1,715,518. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 101,838 shares of company stock valued at $13,950,265 over the last three months. 13.18% of the stock is owned by company insiders.

Institutional Trading of MicroStrategy

Hedge funds and other institutional investors have recently modified their holdings of the business. Mesirow Financial Investment Management Inc. grew its stake in MicroStrategy by 900.0% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 2,000 shares of the software maker’s stock valued at $337,000 after purchasing an additional 1,800 shares in the last quarter. Acorn Financial Advisory Services Inc. ADV grew its position in shares of MicroStrategy by 1,116.6% during the third quarter. Acorn Financial Advisory Services Inc. ADV now owns 68,302 shares of the software maker’s stock worth $11,516,000 after buying an additional 62,688 shares in the last quarter. Resolute Advisors LLC increased its stake in shares of MicroStrategy by 9,900.0% in the third quarter. Resolute Advisors LLC now owns 3,000 shares of the software maker’s stock worth $506,000 after buying an additional 2,970 shares during the last quarter. Hollencrest Capital Management raised its holdings in MicroStrategy by 1,108.9% in the third quarter. Hollencrest Capital Management now owns 1,910 shares of the software maker’s stock valued at $322,000 after acquiring an additional 1,752 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new position in MicroStrategy during the 3rd quarter valued at $27,000. 72.03% of the stock is owned by hedge funds and other institutional investors.

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.