Benchmark Reaffirms “Buy” Rating for MicroStrategy (NASDAQ:MSTR)

Benchmark reiterated their buy rating on shares of MicroStrategy (NASDAQ:MSTR) in a report published on Thursday morning, Benzinga reports. They currently have a $1,875.00 price objective on the software maker’s stock.

Other equities research analysts also recently issued reports about the stock. Canaccord Genuity Group reaffirmed a buy rating and set a $1,810.00 target price on shares of MicroStrategy in a research note on Thursday, March 28th. BTIG Research upped their target price on shares of MicroStrategy from $780.00 to $1,800.00 and gave the stock a buy rating in a research note on Friday, April 5th. TD Cowen cut their target price 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 research note on Monday, March 18th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $1,733.75.

MicroStrategy Price Performance

MicroStrategy stock opened at $1,282.38 on Thursday. 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 company has a market capitalization of $21.76 billion, a price-to-earnings ratio of 45.51 and a beta of 2.89. The company’s 50 day simple moving average is $1,351.21 and its 200-day simple moving average is $810.21. MicroStrategy has a 1 year low of $266.00 and a 1 year high of $1,999.99.

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

Insider Buying and Selling at MicroStrategy

In other MicroStrategy news, Director Jarrod M. Patten sold 275 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $722.34, for a total value of $198,643.50. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, Chairman Michael J. Saylor sold 5,000 shares of the stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $1,295.80, for a total value of $6,479,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jarrod M. Patten sold 275 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $722.34, for a total transaction of $198,643.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 117,452 shares of company stock valued at $122,745,797. Insiders own 13.18% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of MSTR. Norges Bank purchased a new position in shares of MicroStrategy in the 4th quarter valued at $70,990,000. Vanguard Group Inc. boosted its stake in MicroStrategy by 10.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,126,980 shares of the software maker’s stock worth $369,965,000 after purchasing an additional 103,107 shares during the period. APEIRON CAPITAL Ltd acquired a new stake in MicroStrategy during the 1st quarter worth $53,864,000. UBS Group AG boosted its stake in MicroStrategy by 376.9% during 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 during the period. Finally, International Assets Investment Management LLC acquired a new stake in MicroStrategy during the 4th quarter worth $12,367,000. 72.03% of the stock is 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.