MicroStrategy (NASDAQ:MSTR) Given New $680.00 Price Target at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald raised its price target for MicroStrategy (NASDAQ:MSTR) from $614.00 to $680.00, indicating a potential upside of 67.53% from its previous close with an "overweight" rating.
• MicroStrategy has recently faced mixed reviews, with one analyst rating it as sell, while eleven others have rated it as buy or strong buy, resulting in an average rating of "Moderate Buy" and a price target of $531.17.
• Recent insider activity shows significant stock sales, with CFO Andrew Kang and EVP Wei-Ming Shao reducing their stakes, while institutional investors currently hold about 59.84% of the company’s shares.

MicroStrategy (NASDAQ:MSTR - Get Free Report) had its price target raised by Cantor Fitzgerald from $614.00 to $680.00 in a report issued on Monday,Benzinga reports. The firm currently has an "overweight" rating on the software maker's stock. Cantor Fitzgerald's price target would suggest a potential upside of 67.53% from the company's previous close.

MSTR has been the subject of a number of other research reports. UBS Group reiterated a "buy" rating on shares of MicroStrategy in a research note on Friday, May 16th. Monness Crespi & Hardt lifted their price objective on MicroStrategy from $175.00 to $200.00 and gave the company a "sell" rating in a research note on Tuesday, July 15th. HC Wainwright started coverage on MicroStrategy in a research note on Tuesday, April 29th. They set a "buy" rating and a $480.00 price objective for the company. Cowen restated a "buy" rating on shares of MicroStrategy in a research note on Monday, July 14th. Finally, BTIG Research restated a "buy" rating on shares of MicroStrategy in a research note on Wednesday, May 14th. One analyst has rated the stock with a sell rating, one has given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, MicroStrategy currently has an average rating of "Moderate Buy" and an average price target of $531.17.

MicroStrategy Stock Performance

Shares of MSTR opened at $405.89 on Monday. The stock has a 50-day moving average of $395.82 and a two-hundred day moving average of $351.22. MicroStrategy has a one year low of $102.40 and a one year high of $543.00. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.66 and a current ratio of 0.66. The stock has a market cap of $110.97 billion, a P/E ratio of -18.61 and a beta of 3.70.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The software maker reported ($16.49) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($16.47). The company had revenue of $111.07 million for the quarter, compared to analysts' expectations 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 quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.83) EPS.

Insider Buying and Selling

In other news, CFO Andrew Kang sold 5,638 shares of the stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $410.22, for a total transaction of $2,312,820.36. Following the completion of the sale, the chief financial officer owned 22,077 shares in the company, valued at approximately $9,056,426.94. This represents a 20.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Wei-Ming Shao sold 32,500 shares of the stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $401.47, for a total transaction of $13,047,775.00. Following the sale, the executive vice president owned 12,726 shares of the company's stock, valued at $5,109,107.22. This trade represents a 71.86% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 25,277 shares of company stock valued at $2,312,345 and have sold 172,971 shares valued at $70,540,378. Insiders own 8.46% of the company's stock.

Institutional Investors Weigh In On MicroStrategy

Hedge funds have recently made changes to their positions in the business. Quadrant Capital Group LLC boosted its stake in shares of MicroStrategy by 855.6% during the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock worth $25,000 after buying an additional 77 shares during the period. MCF Advisors LLC acquired a new stake in MicroStrategy in the second quarter valued at about $35,000. Dunhill Financial LLC acquired a new stake in MicroStrategy in the fourth quarter valued at about $26,000. Maseco LLP acquired a new stake in MicroStrategy in the second quarter valued at about $36,000. Finally, Safe Harbor Fiduciary LLC lifted its position in MicroStrategy by 820.0% in the fourth quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker's stock valued at $27,000 after purchasing an additional 82 shares during the period. Institutional investors and hedge funds 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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