Maxim Group Initiates Coverage on MicroStrategy (NASDAQ:MSTR)

Investment analysts at Maxim Group initiated coverage on shares of MicroStrategy (NASDAQ:MSTR) in a report issued on Tuesday, Marketbeat reports. The brokerage set a “buy” rating and a $1,835.00 price target on the software maker’s stock. Maxim Group’s target price would suggest a potential upside of 25.88% from the company’s current price.

Other equities analysts also recently issued research reports about the company. StockNews.com raised MicroStrategy to a “sell” rating in a research report on Monday, March 18th. Benchmark reiterated a “buy” rating and set a $1,875.00 price objective on shares of MicroStrategy in a research report on Thursday, April 25th. Sanford C. Bernstein raised MicroStrategy to a “strong-buy” rating in a report on Friday, June 14th. TD Cowen upped their price target on shares of MicroStrategy from $1,450.00 to $1,880.00 and gave the company a “buy” rating in a research note on Friday, June 21st. Finally, BTIG Research lifted their price objective 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. One analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $2,017.67.

MicroStrategy Trading Down 2.5 %

MSTR stock opened at $1,457.73 on Tuesday. MicroStrategy has a one year low of $307.11 and a one year high of $1,999.99. The stock has a market cap of $25.86 billion, a price-to-earnings ratio of -217.57 and a beta of 3.08. The company has a fifty day moving average price of $1,436.46 and a two-hundred day moving average price of $1,112.79. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.78 and a quick ratio of 0.78.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Monday, April 29th. The software maker reported ($8.26) EPS for the quarter. MicroStrategy had a negative return on equity of 8.37% and a negative net margin of 17.40%. The company had revenue of $115.25 million for the quarter, compared to the consensus estimate of $124.80 million.

Insider Buying and Selling at MicroStrategy

In other news, Chairman Michael J. Saylor sold 688 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $1,657.49, for a total transaction of $1,140,353.12. Following the completion of the sale, the chairman now owns 688 shares of the company’s stock, valued at approximately $1,140,353.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 40,856 shares of company stock valued at $59,250,731 in the last ninety days. 13.18% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MicroStrategy

A number of institutional investors have recently modified their holdings of the business. Tactive Advisors LLC bought a new position in MicroStrategy in the first quarter valued at about $917,000. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of MicroStrategy in the 1st quarter valued at approximately $1,106,000. Cetera Investment Advisers bought a new stake in shares of MicroStrategy during the 1st quarter valued at approximately $8,901,000. California State Teachers Retirement System increased its position in MicroStrategy by 15.7% during the 1st quarter. California State Teachers Retirement System now owns 14,841 shares of the software maker’s stock worth $25,297,000 after purchasing an additional 2,015 shares in the last quarter. Finally, Waverly Advisors LLC bought a new position in MicroStrategy in the 1st quarter valued at approximately $1,040,000. Institutional investors and hedge funds own 72.03% of the company’s stock.

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.