MicroStrategy (NASDAQ:MSTR) Price Target Increased to $1,880.00 by Analysts at TD Cowen

MicroStrategy (NASDAQ:MSTR) had its target price lifted by TD Cowen from $1,450.00 to $1,880.00 in a research note published on Friday morning, Benzinga reports. TD Cowen currently has a buy rating on the software maker’s stock.

A number of other analysts also recently issued reports on the company. Sanford C. Bernstein raised MicroStrategy to a strong-buy rating in a research report on Friday, June 14th. Benchmark restated a buy rating and set a $1,875.00 target price on shares of MicroStrategy in a report on Thursday, April 25th. Canaccord Genuity Group raised their target price on MicroStrategy from $1,590.00 to $2,047.00 and gave the company a buy rating in a report on Wednesday, May 29th. BTIG Research raised their target price on MicroStrategy from $780.00 to $1,800.00 and gave the company a buy rating in a report on Friday, April 5th. Finally, StockNews.com upgraded MicroStrategy to a sell rating in a report on Monday, March 18th. One investment analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, MicroStrategy presently has a consensus rating of Moderate Buy and a consensus price target of $2,054.20.

MicroStrategy Stock Down 7.5 %

Shares of NASDAQ:MSTR opened at $1,372.15 on Friday. The business has a 50-day moving average price of $1,426.24 and a 200 day moving average price of $1,104.05. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $24.34 billion, a price-to-earnings ratio of -204.80 and a beta of 3.08. MicroStrategy has a 12-month low of $301.08 and a 12-month high of $1,999.99.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data on Monday, April 29th. The software maker reported ($8.26) earnings per share (EPS) for the quarter. The business had revenue of $115.25 million for the quarter, compared to analyst estimates of $124.80 million. MicroStrategy had a negative return on equity of 8.37% and a negative net margin of 17.40%.

Insider Activity

In other news, Chairman Michael J. Saylor sold 5,000 shares of MicroStrategy stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $1,630.88, for a total value of $8,154,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders sold 41,996 shares of company stock worth $61,475,247. 13.18% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MicroStrategy

Institutional investors have recently added to or reduced their stakes in the business. ST Germain D J Co. Inc. purchased a new stake in MicroStrategy during the first quarter worth approximately $29,000. Principal Securities Inc. purchased a new stake in MicroStrategy during the fourth quarter worth approximately $31,000. Harvest Fund Management Co. Ltd lifted its stake in MicroStrategy by 307.7% during 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 during the last quarter. Rise Advisors LLC lifted its stake 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, Signaturefd LLC lifted its stake in MicroStrategy by 85.3% during the fourth quarter. Signaturefd LLC now owns 63 shares of the software maker’s stock worth $40,000 after purchasing an additional 29 shares during the last quarter. Hedge funds and other 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.