MicroStrategy’s (MSTR) “Buy” Rating Reiterated at Benchmark

Benchmark reaffirmed their buy rating on shares of MicroStrategy (NASDAQ:MSTR) in a research report report published on Monday morning,Benzinga reports. Benchmark currently has a $650.00 price target on the software maker’s stock.

MSTR has been the topic of a number of other research reports. TD Cowen boosted their target price on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 25th. BTIG Research increased their price objective on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Maxim Group lifted their target price on shares of MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Canaccord Genuity Group raised their price target on shares of MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a report on Monday, November 25th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $600.00 price objective on shares of MicroStrategy in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, MicroStrategy currently has an average rating of “Moderate Buy” and a consensus price target of $479.25.

MicroStrategy Stock Down 2.8 %

NASDAQ:MSTR opened at $331.70 on Monday. The firm has a market capitalization of $79.49 billion, a price-to-earnings ratio of -157.43 and a beta of 3.25. MicroStrategy has a 1-year low of $43.87 and a 1-year high of $543.00. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The business’s fifty day moving average price is $349.26 and its 200 day moving average price is $224.56.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($1.44). The company had revenue of $116.07 million during the quarter, compared to analyst estimates of $121.45 million. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The firm’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($8.98) EPS.

Insider Buying and Selling

In other news, CAO Jeanine Montgomery sold 752 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $322.45, for a total transaction of $242,482.40. Following the transaction, the chief accounting officer now owns 6,418 shares in the company, valued at approximately $2,069,484.10. The trade was a 10.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Wei-Ming Shao sold 18,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the transaction, the executive vice president now directly owns 6,460 shares of the company’s stock, valued at $2,377,344.60. This represents a 73.59 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 102,000 shares of company stock valued at $32,259,177. Insiders own 13.18% of the company’s stock.

Hedge Funds Weigh In On MicroStrategy

Large investors have recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL acquired a new position in shares of MicroStrategy in the second quarter valued at $106,000. Semmax Financial Advisors Inc. raised its stake in shares of MicroStrategy by 900.0% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 100 shares of the software maker’s stock valued at $138,000 after buying an additional 90 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of MicroStrategy by 38.2% during the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock worth $41,000 after acquiring an additional 39 shares during the period. UMB Bank n.a. boosted its position in shares of MicroStrategy by 900.0% during the 3rd quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock valued at $25,000 after acquiring an additional 135 shares in the last quarter. Finally, AlphaMark Advisors LLC increased its stake in MicroStrategy by 2,900.0% in the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock valued at $25,000 after acquiring an additional 145 shares during the period. Institutional investors and hedge funds own 59.84% 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.