Mizuho Raises MicroStrategy (NASDAQ:MSTR) Price Target 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 target price increased by stock analysts at Mizuho from $563.00 to $586.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an "outperform" rating on the software maker's stock. Mizuho's target price would suggest a potential upside of 57.13% from the company's previous close.

A number of other equities research analysts have also issued reports on the company. UBS Group reaffirmed a "buy" rating on shares of MicroStrategy in a research report on Friday, May 16th. Barclays restated a "hold" rating on shares of MicroStrategy in a research note on Monday, May 19th. HC Wainwright initiated coverage on MicroStrategy in a research note on Tuesday, April 29th. They set a "buy" rating and a $480.00 price target on the stock. Canaccord Genuity Group reaffirmed a "buy" rating on shares of MicroStrategy in a research report on Monday, May 19th. Finally, BTIG Research increased their price objective on MicroStrategy from $620.00 to $700.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, MicroStrategy presently has a consensus rating of "Moderate Buy" and an average price target of $552.50.

MicroStrategy Trading Down 4.3%

NASDAQ MSTR traded down $16.96 on Monday, reaching $372.94. 16,425,927 shares of the company were exchanged, compared to its average volume of 10,832,885. The stock has a market capitalization of $101.96 billion, a P/E ratio of 32.83 and a beta of 3.76. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.17. MicroStrategy has a fifty-two week low of $113.69 and a fifty-two week high of $543.00. The business's fifty day moving average price is $398.11 and its 200 day moving average price is $353.99.

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

Insider Activity at MicroStrategy

In other MicroStrategy news, EVP Wei-Ming Shao sold 32,500 shares of the business's 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 completion of the sale, the executive vice president owned 12,726 shares of the company's stock, valued at approximately $5,109,107.22. The trade was a 71.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jeanine Montgomery sold 43,750 shares of the business's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $430.54, for a total value of $18,836,125.00. Following the sale, the chief accounting officer directly owned 8,606 shares of the company's stock, valued at approximately $3,705,227.24. This trade represents a 83.56% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 278,132 shares of company stock valued at $25,145,795 and have sold 194,571 shares valued at $78,995,024. 8.46% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MicroStrategy

A number of large investors have recently modified their holdings of the stock. Dunhill Financial LLC purchased a new position in MicroStrategy in the fourth quarter valued at about $26,000. Safe Harbor Fiduciary LLC boosted its position 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 purchasing an additional 82 shares during the period. First United Bank & Trust acquired a new position in MicroStrategy during the 1st quarter valued at approximately $29,000. Siemens Fonds Invest GmbH boosted its position in MicroStrategy by 6,992.7% during the 4th quarter. Siemens Fonds Invest GmbH now owns 119,654 shares of the software maker's stock worth $33,000 after acquiring an additional 117,967 shares during the period. Finally, MCF Advisors LLC acquired a new position in MicroStrategy during the 2nd quarter worth $35,000. Institutional investors and hedge funds 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.