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

MicroStrategy (NASDAQ:MSTR - Free Report) had its price target raised by TD Cowen from $590.00 to $680.00 in a research report released on Tuesday,Benzinga reports. They currently have a buy rating on the software maker's stock.

A number of other equities research analysts also recently issued reports on the stock. Monness Crespi & Hardt downgraded shares of MicroStrategy from a "neutral" rating to a "sell" rating and set a $220.00 price target for the company. in a research report on Tuesday, April 1st. UBS Group reiterated a "buy" rating on shares of MicroStrategy in a research report on Friday, May 16th. Canaccord Genuity Group reiterated a "buy" rating on shares of MicroStrategy in a research report on Monday, May 19th. BTIG Research reiterated a "buy" rating on shares of MicroStrategy in a research report on Wednesday, May 14th. Finally, Cantor Fitzgerald reiterated a "hold" rating on shares of MicroStrategy in a research report on Monday, May 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $525.67.

MicroStrategy Stock Performance

MSTR traded down $22.88 during trading on Tuesday, reaching $428.46. The company's stock had a trading volume of 13,595,793 shares, compared to its average volume of 17,915,734. MicroStrategy has a 52-week low of $102.40 and a 52-week high of $543.00. The company's fifty day moving average price is $394.75 and its 200-day moving average price is $347.02. The company has a market capitalization of $117.14 billion, a price-to-earnings ratio of -19.69 and a beta of 3.70. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.66 and a current ratio of 0.66.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced 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). MicroStrategy had a negative net margin of 1,160.72% and a negative return on equity of 37.64%. The business had revenue of $111.07 million during the quarter, compared to analysts' expectations of $116.66 million. During the same period in the prior year, the firm posted ($0.83) EPS. MicroStrategy's revenue for the quarter was down 3.6% compared to the same quarter last year.

Insider Activity

In other MicroStrategy news, CAO Jeanine Montgomery sold 43,750 shares of the business's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $430.54, for a total value of $18,836,125.00. Following the completion of the transaction, the chief accounting officer directly owned 8,606 shares in the company, valued at approximately $3,705,227.24. The trade was a 83.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Wei-Ming Shao sold 32,500 shares of the business's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $401.47, for a total value of $13,047,775.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders acquired 25,277 shares of company stock worth $2,312,345 and sold 177,771 shares worth $72,254,318. 8.46% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MSTR. Quadrant Capital Group LLC raised its holdings in MicroStrategy by 855.6% in the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock valued at $25,000 after acquiring an additional 77 shares during the last quarter. Dunhill Financial LLC acquired a new position in MicroStrategy in the 4th quarter valued at $26,000. Safe Harbor Fiduciary LLC raised its holdings in MicroStrategy by 820.0% in the 4th quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker's stock valued at $27,000 after acquiring an additional 82 shares during the last quarter. First United Bank & Trust acquired a new position in MicroStrategy in the 1st quarter valued at $29,000. Finally, Horrell Capital Management Inc. acquired a new position in MicroStrategy in the 4th quarter valued at $31,000. 59.84% of the stock is currently owned by institutional investors and hedge funds.

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.