MicroStrategy Incorporated (NASDAQ:MSTR) Receives $1,473.00 Average PT from Brokerages

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) have received an average rating of “Buy” from the four analysts that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a buy rating. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $1,733.75.

A number of research firms recently issued reports on MSTR. StockNews.com upgraded MicroStrategy to a “sell” rating in a research note on Monday, March 18th. Canaccord Genuity Group reiterated a “buy” rating and set a $1,810.00 target price on shares of MicroStrategy in a research report on Thursday, March 28th. BTIG Research raised their price target on MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Benchmark restated a “buy” rating and issued a $1,875.00 price objective on shares of MicroStrategy in a report on Thursday. Finally, TD Cowen lowered their target price on MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating for the company in a research note on Wednesday, March 20th.

Insiders Place Their Bets

In other news, CEO Phong Le sold 10,000 shares of MicroStrategy stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $861.24, for a total transaction of $8,612,400.00. Following the sale, the chief executive officer now owns 595 shares of the company’s stock, valued at approximately $512,437.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other MicroStrategy news, Chairman Michael J. Saylor sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $491.32, for a total transaction of $2,456,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Phong Le sold 10,000 shares of MicroStrategy 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 transaction, the chief executive officer now owns 595 shares of the company’s stock, valued at approximately $512,437.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 112,452 shares of company stock worth $120,206,247. 13.18% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On MicroStrategy

Institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of MicroStrategy during the fourth quarter valued at $70,990,000. Vanguard Group Inc. raised its holdings in MicroStrategy by 10.1% during the third quarter. Vanguard Group Inc. now owns 1,126,980 shares of the software maker’s stock valued at $369,965,000 after acquiring an additional 103,107 shares during the period. APEIRON CAPITAL Ltd bought a new stake in MicroStrategy during the 1st quarter valued at approximately $53,864,000. UBS Group AG lifted its stake in MicroStrategy by 376.9% in the 3rd quarter. UBS Group AG now owns 36,504 shares of the software maker’s stock worth $11,984,000 after purchasing an additional 28,850 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of MicroStrategy during the 4th quarter worth approximately $12,367,000. 72.03% of the stock is currently owned by institutional investors.

MicroStrategy Stock Up 3.4 %

MicroStrategy stock opened at $1,282.38 on Friday. The firm has a 50 day moving average price of $1,351.21 and a 200-day moving average price of $813.56. 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 has a twelve month low of $266.00 and a twelve month high of $1,999.99. The company has a market capitalization of $21.76 billion, a P/E ratio of 45.51 and a beta of 2.89.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data on Tuesday, February 6th. The software maker reported $5.62 earnings per share 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 analyst estimates 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.