MicroStrategy Incorporated (NASDAQ:MSTR) Given Consensus Recommendation of “Buy” by Brokerages

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) have been assigned a consensus rating of “Buy” from the five ratings firms that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a buy recommendation. The average twelve-month target price among analysts that have covered the stock in the last year is $1,473.00.

A number of research analysts have commented on the company. TD Cowen reduced their target price on MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating on the stock in a report on Wednesday, March 20th. 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. Canaccord Genuity Group reaffirmed a “buy” rating and set a $1,810.00 price target on shares of MicroStrategy in a report on Thursday, March 28th. Benchmark reiterated a “buy” rating and set a $1,875.00 price objective on shares of MicroStrategy in a research report on Thursday. Finally, StockNews.com upgraded MicroStrategy to a “sell” rating in a research report on Monday, March 18th.

Insider Activity at MicroStrategy

In other news, CFO Andrew Kang sold 3,750 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $870.31, for a total value of $3,263,662.50. Following the completion of the transaction, the chief financial officer now owns 873 shares of the company’s stock, valued at approximately $759,780.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Phong Le sold 10,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $861.24, for a total value of $8,612,400.00. Following the sale, the chief executive officer now directly owns 595 shares of the company’s stock, valued at approximately $512,437.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Andrew Kang sold 3,750 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $870.31, for a total value of $3,263,662.50. Following the transaction, the chief financial officer now owns 873 shares of the company’s stock, valued at approximately $759,780.63. The disclosure for this sale can be found here. Insiders sold a total of 117,452 shares of company stock valued at $122,745,797 over the last quarter. Corporate insiders own 13.18% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of MSTR. ST Germain D J Co. Inc. acquired a new stake in MicroStrategy in the 1st quarter valued at approximately $29,000. Principal Securities Inc. bought a new stake in shares of MicroStrategy in the fourth quarter worth $31,000. Harvest Fund Management Co. Ltd lifted its position in shares of MicroStrategy by 307.7% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 53 shares of the software maker’s stock worth $33,000 after purchasing an additional 40 shares in the last quarter. Rise Advisors LLC boosted its holdings 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 purchasing an additional 14 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC bought a new position in MicroStrategy in the third quarter valued at $37,000. 72.03% of the stock is owned by institutional investors and hedge funds.

MicroStrategy Stock Performance

Shares of MSTR stock opened at $1,240.41 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market capitalization of $21.05 billion, a price-to-earnings ratio of 44.02 and a beta of 2.89. MicroStrategy has a one year low of $266.00 and a one year high of $1,999.99. The company has a 50 day moving average price of $1,339.55 and a 200 day moving average price of $800.40.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings results on Tuesday, February 6th. The software maker reported $5.62 earnings per share (EPS) for the quarter. MicroStrategy had a return on equity of 42.81% and a net margin of 86.47%. The firm had revenue of $124.48 million during the quarter, compared to the consensus estimate of $134.90 million.

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.