MicroStrategy (NASDAQ:MSTR) Stock Rating Reaffirmed by Benchmark

MicroStrategy (NASDAQ:MSTR)‘s stock had its “buy” rating reaffirmed by analysts at Benchmark in a research report issued on Thursday, Benzinga reports. They presently have a $1,875.00 target price on the software maker’s stock. Benchmark’s price objective suggests a potential upside of 46.21% from the company’s current price.

A number of other brokerages also recently commented on MSTR. Canaccord Genuity Group reissued a “buy” rating and issued a $1,810.00 price objective on shares of MicroStrategy in a research note on Thursday, March 28th. BTIG Research increased their price objective on shares of MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a research report on Friday, April 5th. TD Cowen cut their price target on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 20th. Finally, StockNews.com raised shares of MicroStrategy to a “sell” rating in a report on Monday, March 18th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, MicroStrategy has an average rating of “Moderate Buy” and an average price target of $1,473.00.

MicroStrategy Stock Up 3.4 %

Shares of NASDAQ:MSTR opened at $1,282.38 on Thursday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.01. The business’s 50 day moving average is $1,351.21 and its 200 day moving average is $806.94. The stock has a market cap of $21.76 billion, a P/E ratio of 45.51 and a beta of 2.89. MicroStrategy has a 52-week low of $266.00 and a 52-week high of $1,999.99.

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

Insider Activity at MicroStrategy

In related news, Chairman Michael J. Saylor sold 5,000 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $507.91, for a total value of $2,539,550.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other MicroStrategy news, Chairman Michael J. Saylor sold 5,000 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $507.91, for a total transaction of $2,539,550.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Phong Le sold 10,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was 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 in the company, valued at approximately $512,437.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 117,452 shares of company stock worth $122,745,797. 13.18% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MicroStrategy

Several hedge funds have recently added to or reduced their stakes in MSTR. National Bank of Canada FI grew its holdings in MicroStrategy by 4.7% in the 3rd quarter. National Bank of Canada FI now owns 2,723 shares of the software maker’s stock valued at $889,000 after buying an additional 123 shares during the period. Vontobel Holding Ltd. raised its position in shares of MicroStrategy by 72.0% during the 3rd quarter. Vontobel Holding Ltd. now owns 1,025 shares of the software maker’s stock worth $336,000 after purchasing an additional 429 shares during the period. CWM LLC boosted its position in shares of MicroStrategy by 22.6% during the third quarter. CWM LLC now owns 369 shares of the software maker’s stock worth $121,000 after buying an additional 68 shares during the period. Commonwealth Equity Services LLC increased its stake in MicroStrategy by 12.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 13,230 shares of the software maker’s stock valued at $4,343,000 after buying an additional 1,454 shares during the period. Finally, Pinnacle Associates Ltd. lifted its position in MicroStrategy by 5.5% in the third quarter. Pinnacle Associates Ltd. now owns 2,752 shares of the software maker’s stock worth $903,000 after purchasing an additional 143 shares during the period. 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.