MicroStrategy (NASDAQ:MSTR) Given New $1,590.00 Price Target at Canaccord Genuity Group

MicroStrategy (NASDAQ:MSTR) had its price objective reduced by Canaccord Genuity Group from $1,810.00 to $1,590.00 in a report issued on Tuesday, Benzinga reports. Canaccord Genuity Group currently has a buy rating on the software maker’s stock.

A number of other equities research analysts also recently weighed in on the stock. BTIG Research lifted their price target 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. StockNews.com upgraded shares of MicroStrategy to a sell rating in a research report on Monday, March 18th. TD Cowen lowered their price objective on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an outperform rating for the company in a research report on Wednesday, March 20th. Finally, Benchmark restated a buy rating and set a $1,875.00 price objective on shares of MicroStrategy in a research report on Thursday, April 25th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $1,678.75.

MicroStrategy Trading Down 17.6 %

Shares of NASDAQ:MSTR opened at $1,065.03 on Tuesday. MicroStrategy has a 12-month low of $266.00 and a 12-month high of $1,999.99. The stock has a market cap of $18.07 billion, a PE ratio of 37.79 and a beta of 2.89. The business has a 50 day moving average of $1,363.08 and a 200-day moving average of $820.38. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.01.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data 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 company had revenue of $124.48 million during the quarter, compared to analysts’ expectations of $134.90 million.

Insider Transactions at MicroStrategy

In other news, Chairman Michael J. Saylor sold 5,000 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $500.62, for a total transaction of $2,503,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Chairman Michael J. Saylor sold 5,000 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $500.62, for a total value of $2,503,100.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Andrew Kang sold 3,750 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $870.31, for a total transaction of $3,263,662.50. Following the completion of the sale, the chief financial officer now directly owns 873 shares in the company, valued at approximately $759,780.63. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 107,452 shares of company stock worth $117,637,097. Corporate insiders own 13.18% of the company’s stock.

Institutional Trading of MicroStrategy

Several institutional investors have recently modified their holdings of the business. Sequoia Financial Advisors LLC bought a new stake in shares of MicroStrategy in the first quarter worth $377,000. Arkadios Wealth Advisors bought a new stake in MicroStrategy during the first quarter valued at $327,000. Perigon Wealth Management LLC boosted its position in MicroStrategy by 6.6% during the first quarter. Perigon Wealth Management LLC now owns 1,053 shares of the software maker’s stock valued at $1,795,000 after acquiring an additional 65 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in MicroStrategy during the first quarter valued at $58,000. Finally, Commonwealth Equity Services LLC boosted its position in MicroStrategy by 54.0% during the first quarter. Commonwealth Equity Services LLC now owns 23,638 shares of the software maker’s stock valued at $40,292,000 after acquiring an additional 8,287 shares during the last quarter. Institutional investors own 72.03% of the company’s stock.

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.