MicroStrategy (NASDAQ:MSTR) Stock Price Expected to Rise, Sanford C. Bernstein Analyst Says

MicroStrategy (NASDAQ:MSTR) had its target price lifted by research analysts at Sanford C. Bernstein from $290.00 to $600.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the software maker’s stock. Sanford C. Bernstein’s price target suggests a potential upside of 36.46% from the stock’s current price.

Several other equities analysts have also recently issued reports on the company. BTIG Research boosted their target price on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research report on Thursday. Benchmark upped their price objective on MicroStrategy from $300.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Barclays raised their target price on MicroStrategy from $225.00 to $275.00 and gave the company an “overweight” rating in a report on Monday, November 4th. TD Cowen upped their price target on shares of MicroStrategy from $200.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Maxim Group raised their price objective 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. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $396.13.

MicroStrategy Stock Performance

NASDAQ:MSTR opened at $439.69 on Monday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market cap of $89.10 billion, a price-to-earnings ratio of -208.68 and a beta of 3.05. The firm’s fifty day moving average price is $233.68 and its 200 day moving average price is $176.63. MicroStrategy has a 1-year low of $43.87 and a 1-year high of $543.00.

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

Insider Buying and Selling

In other MicroStrategy news, CAO Jeanine Montgomery sold 56,250 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the completion of the transaction, the chief accounting officer now owns 5,670 shares of the company’s stock, valued at approximately $1,459,514.70. This trade represents a 90.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Andrew Kang sold 5,700 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total value of $1,465,755.00. Following the completion of the transaction, the chief financial officer now directly owns 12,080 shares of the company’s stock, valued at approximately $3,106,372. This trade represents a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 82,000 shares of company stock worth $23,231,977 in the last three months. Corporate insiders own 13.18% of the company’s stock.

Institutional Investors Weigh In On MicroStrategy

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Signaturefd LLC lifted its stake in shares of MicroStrategy by 13.6% during the second quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock valued at $69,000 after buying an additional 6 shares during the period. GAMMA Investing LLC boosted its holdings in MicroStrategy by 36.4% in the second quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock valued at $41,000 after acquiring an additional 8 shares during the last quarter. Cigna Investments Inc. New grew its position in MicroStrategy by 5.1% during the second quarter. Cigna Investments Inc. New now owns 164 shares of the software maker’s stock valued at $226,000 after acquiring an additional 8 shares during the period. Crossmark Global Holdings Inc. raised its holdings in shares of MicroStrategy by 2.8% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 400 shares of the software maker’s stock worth $551,000 after purchasing an additional 11 shares during the period. Finally, Dakota Wealth Management lifted its stake in shares of MicroStrategy by 0.3% in the 2nd quarter. Dakota Wealth Management now owns 4,515 shares of the software maker’s stock valued at $6,219,000 after purchasing an additional 15 shares in the last quarter. 72.03% of the stock is currently owned by hedge funds and other institutional investors.

About MicroStrategy

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.