MicroStrategy (NASDAQ:MSTR) Stock Price Expected to Rise, Monness Crespi & Hardt Analyst Says

MicroStrategy (NASDAQ:MSTR - Get Free Report) had its price objective lifted by Monness Crespi & Hardt from $175.00 to $200.00 in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. The firm currently has a "sell" rating on the software maker's stock. Monness Crespi & Hardt's price target suggests a potential downside of 56.13% from the stock's previous close.

Several other research analysts also recently weighed in on the stock. HC Wainwright initiated coverage on shares of MicroStrategy in a report on Tuesday, April 29th. They issued a "buy" rating and a $480.00 target price for the company. Barclays restated a "hold" rating on shares of MicroStrategy in a research report on Monday, May 19th. Cowen reiterated a "buy" rating on shares of MicroStrategy in a research report on Monday. UBS Group reissued a "buy" rating on shares of MicroStrategy in a research note on Friday, May 16th. Finally, TD Cowen upped their price target on MicroStrategy from $590.00 to $680.00 and gave the stock a "buy" rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, MicroStrategy presently has an average rating of "Moderate Buy" and a consensus price target of $525.67.

MicroStrategy Stock Performance

Shares of NASDAQ:MSTR traded up $13.59 during mid-day trading on Tuesday, reaching $455.90. 10,523,157 shares of the company traded hands, compared to its average volume of 17,962,108. The company's 50 day moving average price is $394.01 and its 200-day moving average price is $345.99. The firm has a market cap of $124.64 billion, a PE ratio of -20.90 and a beta of 3.70. MicroStrategy has a 52 week low of $102.40 and a 52 week high of $543.00. 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 quarterly earnings results 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 firm had revenue of $111.07 million during the quarter, compared to the consensus estimate of $116.66 million. MicroStrategy had a negative return on equity of 37.64% and a negative net margin of 1,160.72%. 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 company earned ($0.83) earnings per share.

Insider Transactions at MicroStrategy

In other MicroStrategy news, EVP Wei-Ming Shao sold 10,900 shares of MicroStrategy stock in a transaction on Monday, July 14th. The shares were sold at an average price of $448.89, for a total value of $4,892,901.00. Following the completion of the transaction, the executive vice president directly owned 12,726 shares of the company's stock, valued at $5,712,574.14. This trade represents a 46.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Andrew Kang sold 1,877 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $374.54, for a total transaction of $703,011.58. Following the completion of the sale, the chief financial officer owned 24,460 shares in the company, valued at approximately $9,161,248.40. This trade represents a 7.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 25,277 shares of company stock valued at $2,312,345 and sold 177,771 shares valued at $72,254,318. Corporate insiders own 8.46% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. SJS Investment Consulting Inc. grew its stake in shares of MicroStrategy by 25.8% during the second quarter. SJS Investment Consulting Inc. now owns 117 shares of the software maker's stock valued at $47,000 after buying an additional 24 shares during the last quarter. Maryland State Retirement & Pension System lifted its stake in shares of MicroStrategy by 0.3% during the 4th quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker's stock worth $2,604,000 after acquiring an additional 30 shares during the last quarter. Family Management Corp boosted its holdings in MicroStrategy by 2.2% during the 4th quarter. Family Management Corp now owns 1,370 shares of the software maker's stock valued at $397,000 after acquiring an additional 30 shares during the period. Magnus Financial Group LLC boosted its holdings in MicroStrategy by 0.9% during the 2nd quarter. Magnus Financial Group LLC now owns 3,660 shares of the software maker's stock valued at $1,479,000 after acquiring an additional 32 shares during the period. Finally, Oder Investment Management LLC grew its position in MicroStrategy by 3.1% in the 4th quarter. Oder Investment Management LLC now owns 1,268 shares of the software maker's stock valued at $367,000 after acquiring an additional 38 shares during the last quarter. 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.