MicroStrategy Incorporated (NASDAQ:MSTR – Get Free Report)’s stock price gapped down before the market opened on Monday after Canaccord Genuity Group lowered their price target on the stock from $2,047.00 to $1,826.00. The stock had previously closed at $1,483.76, but opened at $1,398.00. Canaccord Genuity Group currently has a buy rating on the stock. MicroStrategy shares last traded at $1,424.91, with a volume of 209,108 shares changing hands.
Several other research analysts have also weighed in on the company. TD Cowen upped their target price on MicroStrategy from $1,450.00 to $1,880.00 and gave the stock a “buy” rating in a research report on Friday. Sanford C. Bernstein upgraded shares of MicroStrategy to a “strong-buy” rating in a research note on Friday, June 14th. Benchmark restated a “buy” rating and set a $1,875.00 price target on shares of MicroStrategy in a research note on Thursday, April 25th. BTIG Research upped their price objective on shares of MicroStrategy from $780.00 to $1,800.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Finally, StockNews.com raised shares of MicroStrategy to a “sell” rating in a research report on Monday, March 18th. One analyst has rated the stock with a sell rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, MicroStrategy has an average rating of “Moderate Buy” and a consensus target price of $2,054.20.
Insider Transactions at MicroStrategy
In other news, Chairman Michael J. Saylor sold 5,000 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $1,630.88, for a total value of $8,154,400.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last ninety days, insiders have sold 41,996 shares of company stock worth $61,475,247. Company insiders own 13.18% of the company’s stock.
Institutional Trading of MicroStrategy
Institutional investors and hedge funds have recently modified their holdings of the company. ST Germain D J Co. Inc. acquired a new position in shares of MicroStrategy in the 1st quarter valued at $29,000. Principal Securities Inc. acquired a new position in shares of MicroStrategy in the 4th quarter worth approximately $31,000. Harvest Fund Management Co. Ltd lifted its position 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 during the period. Rise Advisors LLC raised its stake in MicroStrategy by 233.3% during the first quarter. Rise Advisors LLC now owns 20 shares of the software maker’s stock worth $34,000 after acquiring an additional 14 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of MicroStrategy by 85.3% during the fourth quarter. Signaturefd LLC now owns 63 shares of the software maker’s stock valued at $40,000 after acquiring an additional 29 shares during the period. 72.03% of the stock is currently owned by institutional investors.
MicroStrategy Price Performance
The company has a market cap of $24.34 billion, a price-to-earnings ratio of -204.80 and a beta of 3.08. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.78 and a current ratio of 0.78. The company’s 50 day moving average price is $1,425.51 and its 200 day moving average price is $1,098.41.
MicroStrategy (NASDAQ:MSTR – Get Free Report) last released its quarterly earnings results on Monday, April 29th. The software maker reported ($8.26) EPS for the quarter. MicroStrategy had a negative return on equity of 8.37% and a negative net margin of 17.40%. The business had revenue of $115.25 million for the quarter, compared to the consensus estimate of $124.80 million.
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.