MicroStrategy Incorporated (NASDAQ:MSTR) Receives $2,012.40 Consensus Target Price from Brokerages

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) have earned an average rating of “Buy” from the five analysts that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $2,012.40.

A number of equities research analysts recently issued reports on MSTR shares. Canaccord Genuity Group upped their target price on MicroStrategy from $1,590.00 to $2,047.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. TD Cowen reduced their price objective on MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 20th. StockNews.com raised MicroStrategy to a “sell” rating in a research note on Monday, March 18th. BTIG Research boosted their target price on shares of MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, Benchmark reaffirmed a “buy” rating and set a $1,875.00 price target on shares of MicroStrategy in a research note on Thursday, April 25th.

MicroStrategy Trading Down 2.5 %

Shares of MSTR stock opened at $1,469.43 on Friday. MicroStrategy has a fifty-two week low of $289.69 and a fifty-two week high of $1,999.99. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.48. The business has a fifty day simple moving average of $1,429.09 and a 200-day simple moving average of $1,079.33. The stock has a market cap of $26.07 billion, a P/E ratio of -219.32 and a beta of 3.08.

MicroStrategy (NASDAQ:MSTR) last posted its earnings results on Monday, April 29th. The software maker reported ($8.26) earnings per share for the quarter. MicroStrategy had a negative net margin of 17.40% and a negative return on equity of 8.37%. The business had revenue of $115.25 million for the quarter, compared to analysts’ expectations of $124.80 million.

Insider Activity

In related news, Chairman Michael J. Saylor sold 1,140 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $1,951.33, for a total value of $2,224,516.20. Following the completion of the sale, the chairman now directly owns 1,140 shares in the company, valued at $2,224,516.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold a total of 42,805 shares of company stock valued at $62,977,536 in the last 90 days. 13.18% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MicroStrategy

A number of institutional investors have recently added to or reduced their stakes in MSTR. Norges Bank acquired a new position in shares of MicroStrategy in the 4th quarter valued at about $70,990,000. Beacon Pointe Advisors LLC acquired a new position in MicroStrategy during the fourth quarter valued at approximately $379,000. New York State Common Retirement Fund lifted its position in MicroStrategy by 7.7% during the fourth quarter. New York State Common Retirement Fund now owns 5,121 shares of the software maker’s stock valued at $3,235,000 after buying an additional 366 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in MicroStrategy by 23.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,636 shares of the software maker’s stock worth $1,665,000 after buying an additional 500 shares during the period. Finally, IFP Advisors Inc increased its position in shares of MicroStrategy by 90.0% in the fourth quarter. IFP Advisors Inc now owns 2,874 shares of the software maker’s stock worth $1,815,000 after acquiring an additional 1,361 shares in the last quarter. Hedge funds and other institutional investors own 72.03% of the company’s stock.

MicroStrategy Company Profile

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.