MicroStrategy (NASDAQ:MSTR - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at Canaccord Genuity Group in a research note issued to investors on Thursday, Benzinga reports. They presently have a $1,810.00 price target on the software maker's stock. Canaccord Genuity Group's target price would indicate a potential upside of 6.19% from the stock's current price.
Other research analysts have also recently issued reports about the company. StockNews.com raised MicroStrategy to a "sell" rating in a research report on Monday, March 18th. BTIG Research upped their price objective on MicroStrategy from $560.00 to $690.00 and gave the stock a "buy" rating in a research report on Monday, December 11th. TD Cowen lowered their price objective on MicroStrategy from $1,560.00 to $1,450.00 and set an "outperform" rating for the company in a research report on Wednesday, March 20th. Finally, Benchmark assumed coverage on MicroStrategy in a research report on Tuesday, February 27th. They set a "buy" rating and a $990.00 price objective for the company. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to MarketBeat.com, MicroStrategy has an average rating of "Moderate Buy" and a consensus price target of $1,074.00.
Read Our Latest Analysis on MSTR
MicroStrategy Stock Down 11.2 %
NASDAQ MSTR traded down $214.60 during trading hours on Thursday, hitting $1,704.56. 4,530,729 shares of the company were exchanged, compared to its average volume of 2,304,881. The company has a 50 day moving average of $989.63 and a two-hundred day moving average of $648.76. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.01. MicroStrategy has a 52-week low of $255.45 and a 52-week high of $1,999.99. The firm has a market cap of $28.93 billion, a price-to-earnings ratio of 60.49 and a beta of 2.82.
MicroStrategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The software maker reported $5.62 earnings per share (EPS) for the quarter. The business had revenue of $124.48 million during the quarter, compared to analysts' expectations of $134.90 million. MicroStrategy had a return on equity of 42.81% and a net margin of 86.47%.
Insider Activity at MicroStrategy
In related news, Chairman Michael J. Saylor sold 5,000 shares of the company's stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $652.46, for a total value of $3,262,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other MicroStrategy news, Chairman Michael J. Saylor sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $652.46, for a total transaction of $3,262,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Wei-Ming Shao sold 350 shares of the company's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $711.32, for a total value of $248,962.00. Following the sale, the executive vice president now directly owns 453 shares of the company's stock, valued at $322,227.96. The disclosure for this sale can be found here. Insiders sold a total of 121,396 shares of company stock valued at $87,014,015 in the last three months. 20.79% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On MicroStrategy
Large investors have recently modified their holdings of the business. Principal Securities Inc. purchased a new position in shares of MicroStrategy during the 4th quarter worth approximately $31,000. Harvest Fund Management Co. Ltd raised its stake in shares of MicroStrategy by 307.7% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 53 shares of the software maker's stock worth $33,000 after buying an additional 40 shares in the last quarter. GPS Wealth Strategies Group LLC purchased a new position in shares of MicroStrategy during the 3rd quarter worth approximately $37,000. Harbour Investments Inc. raised its stake in shares of MicroStrategy by 2,800.0% during the 4th quarter. Harbour Investments Inc. now owns 58 shares of the software maker's stock worth $37,000 after buying an additional 56 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new position in shares of MicroStrategy during the 2nd quarter worth approximately $40,000. 72.03% of the stock is owned by hedge funds and other institutional investors.
About MicroStrategy
(
Get Free Report)
MicroStrategy Incorporated provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy ONE, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making; and MicroStrategy Cloud for Government service, which offers always-on threat monitoring that meets the rigorous technical and regulatory needs of governments and financial institutions.
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