Benchmark Issues Positive Forecast for MicroStrategy (NASDAQ:MSTR) Stock Price

Key Points

• Benchmark has raised its target price for MicroStrategy (NASDAQ:MSTR) from $650.00 to $705.00, indicating a potential upside of 85.70% from the previous closing price.
• In the latest earnings report, MicroStrategy reported a loss of ($16.49) earnings per share, missing the consensus estimate significantly, with revenue also down 3.6% year-over-year.
• The stock currently has an average rating of "Moderate Buy" with institutional investors owning approximately 59.84% of the company's shares.

MicroStrategy (NASDAQ:MSTR - Get Free Report) had its target price increased by stock analysts at Benchmark from $650.00 to $705.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a "buy" rating on the software maker's stock. Benchmark's target price points to a potential upside of 85.70% from the stock's previous close.

Several other equities research analysts have also recently issued reports on the stock. Cantor Fitzgerald raised their target price on shares of MicroStrategy from $614.00 to $680.00 and gave the stock an "overweight" rating in a research report on Monday. HC Wainwright started coverage on shares of MicroStrategy in a research report on Tuesday, April 29th. They issued a "buy" rating and a $480.00 target price on the stock. TD Cowen raised their target price on shares of MicroStrategy from $590.00 to $680.00 and gave the stock a "buy" rating in a research report on Tuesday, July 15th. UBS Group reissued a "buy" rating on shares of MicroStrategy in a research report on Friday, May 16th. Finally, Canaccord Genuity Group reissued a "buy" rating on shares of MicroStrategy in a research report on Monday, May 19th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $535.75.

MicroStrategy Price Performance

MSTR traded down $22.23 on Friday, reaching $379.64. 5,754,195 shares of the company's stock were exchanged, compared to its average volume of 15,632,873. The stock has a market cap of $103.79 billion, a PE ratio of -17.41 and a beta of 3.70. MicroStrategy has a twelve month low of $102.40 and a twelve month high of $543.00. The stock's fifty day moving average price is $395.08 and its 200-day moving average price is $352.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.66.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted its earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($16.47). The firm had revenue of $111.07 million during the quarter, compared to analyst estimates of $116.66 million. MicroStrategy had a negative net margin of 1,160.72% and a negative return on equity of 37.64%. The business's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.83) earnings per share.

Insider Buying and Selling at MicroStrategy

In related news, CEO Phong Le purchased 5,500 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The stock was acquired at an average price of $90.00 per share, for a total transaction of $495,000.00. Following the completion of the acquisition, the chief executive officer owned 5,500 shares of the company's stock, valued at $495,000. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jeanine Montgomery acquired 5,000 shares of the business's stock in a transaction on Tuesday, July 29th. The stock was acquired at an average cost of $90.00 per share, for a total transaction of $450,000.00. Following the transaction, the chief accounting officer owned 5,000 shares of the company's stock, valued at approximately $450,000. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 268,132 shares of company stock valued at $24,169,295 and have sold 172,971 shares valued at $70,540,378. Company insiders own 8.46% of the company's stock.

Institutional Trading of MicroStrategy

Large investors have recently modified their holdings of the company. World Investment Advisors bought a new stake in shares of MicroStrategy in the fourth quarter worth $1,766,000. Aviva PLC grew its holdings in shares of MicroStrategy by 51.2% in the fourth quarter. Aviva PLC now owns 94,953 shares of the software maker's stock worth $27,500,000 after acquiring an additional 32,171 shares during the period. Sei Investments Co. grew its holdings in shares of MicroStrategy by 39.3% in the fourth quarter. Sei Investments Co. now owns 11,972 shares of the software maker's stock worth $3,468,000 after acquiring an additional 3,376 shares during the period. Hel Ved Capital Management Ltd bought a new stake in shares of MicroStrategy in the fourth quarter worth $2,495,000. Finally, Schroder Investment Management Group grew its holdings in shares of MicroStrategy by 9.0% in the fourth quarter. Schroder Investment Management Group now owns 12,491 shares of the software maker's stock worth $3,784,000 after acquiring an additional 1,030 shares during the period. Institutional investors own 59.84% of the company's stock.

MicroStrategy Company Profile

Strategy Incorporated, formerly known as MicroStrategy, provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers Strategy ONE, a platform that allows non-technical users to access novel and actionable insights for decision-making, and Strategy Cloud for Government, which provides always-on threat monitoring designed to meet the strict technical and regulatory standards of governments and financial institutions.

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