MicroStrategy (NASDAQ:MSTR) Price Target Raised to $586.00

Key Points

• Analysts at Mizuho raised MicroStrategy's (NASDAQ:MSTR) price target from $563.00 to $586.00, indicating a potential upside of 41.80%.
• MicroStrategy recently reported earnings of $32.60 EPS for the quarter, significantly surpassing the consensus estimate of ($0.12) and achieving a net margin of 1,036.61%.
• Despite the optimistic outlook, one investment analyst has rated the stock as a sell, while most have assigned a buy or strong buy rating, resulting in a consensus rating of "Moderate Buy".

MicroStrategy (NASDAQ:MSTR - Get Free Report) had its price target raised by analysts at Mizuho from $563.00 to $586.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an "outperform" rating on the software maker's stock. Mizuho's price target would suggest a potential upside of 41.80% from the stock's current price.

Several other equities research analysts have also recently commented on the stock. Benchmark raised their target price on shares of MicroStrategy from $650.00 to $705.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Cowen reiterated a "buy" rating on shares of MicroStrategy in a research note on Monday, July 14th. TD Cowen increased their price target on shares of MicroStrategy from $590.00 to $680.00 and gave the stock a "buy" rating in a research note on Tuesday, July 15th. UBS Group reiterated a "buy" rating on shares of MicroStrategy in a research note on Friday, May 16th. Finally, Barclays reiterated a "hold" rating on shares of MicroStrategy in a research note on Monday, May 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $552.50.

MicroStrategy Trading Up 4.6%

Shares of MSTR opened at $413.26 on Monday. The firm has a fifty day simple moving average of $397.09 and a two-hundred day simple moving average of $352.96. MicroStrategy has a twelve month low of $113.69 and a twelve month high of $543.00. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $112.99 billion, a P/E ratio of 35.99 and a beta of 3.76.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted its earnings results on Thursday, July 31st. The software maker reported $32.60 EPS for the quarter, topping the consensus estimate of ($0.12) by $32.72. MicroStrategy had a net margin of 1,036.61% and a return on equity of 18.83%. The firm had revenue of $114.49 million during the quarter, compared to analysts' expectations of $112.68 million. During the same period last year, the company posted ($5.74) EPS. The company's quarterly revenue was up 2.7% compared to the same quarter last year.

Insider Buying and Selling at MicroStrategy

In related news, CFO Andrew Kang sold 6,250 shares of MicroStrategy stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $386.32, for a total transaction of $2,414,500.00. Following the transaction, the chief financial officer directly owned 24,460 shares in the company, valued at approximately $9,449,387.20. The trade was a 20.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jeanine Montgomery purchased 5,000 shares of MicroStrategy stock in a transaction on Tuesday, July 29th. The stock was bought at an average price of $90.00 per share, with a total value 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. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 268,132 shares of company stock valued at $24,169,295 and sold 175,821 shares valued at $71,588,774. Corporate insiders own 8.46% of the company's stock.

Hedge Funds Weigh In On MicroStrategy

Several large investors have recently added to or reduced their stakes in the company. MCF Advisors LLC bought a new stake in MicroStrategy during the second quarter valued at about $35,000. Dunhill Financial LLC bought a new position in MicroStrategy in the 4th quarter worth approximately $26,000. Maseco LLP purchased a new stake in MicroStrategy during the 2nd quarter valued at approximately $36,000. Safe Harbor Fiduciary LLC grew its holdings in MicroStrategy by 820.0% during the 4th quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker's stock valued at $27,000 after buying an additional 82 shares in the last quarter. Finally, First United Bank & Trust purchased a new stake in MicroStrategy during the 1st quarter valued at approximately $29,000. Hedge funds and other institutional investors own 59.84% of the company's stock.

About MicroStrategy

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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