MicroStrategy (NASDAQ:MSTR) Price Target Raised to $2,150.00

MicroStrategy (NASDAQ:MSTR) had its price objective upped by Benchmark from $1,875.00 to $2,150.00 in a research note published on Friday, Benzinga reports. They currently have a buy rating on the software maker’s stock.

Other research analysts also recently issued research reports about the stock. Sanford C. Bernstein upgraded shares of MicroStrategy to a strong-buy rating in a research note on Friday, June 14th. Canaccord Genuity Group lowered their price objective on shares of MicroStrategy from $2,047.00 to $1,826.00 and set a buy rating on the stock in a research report on Monday, June 24th. Maxim Group upgraded shares of MicroStrategy to a strong-buy rating in a research report on Thursday, June 27th. TD Cowen increased their price objective on shares of MicroStrategy from $1,450.00 to $1,880.00 and gave the company a buy rating in a research report on Friday, June 21st. Finally, BTIG Research increased their price objective 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. One investment analyst has rated the stock with a sell rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $2,079.33.

MicroStrategy Stock Up 5.2 %

NASDAQ:MSTR traded up $68.27 during mid-day trading on Friday, hitting $1,377.27. 1,025,034 shares of the company’s stock were exchanged, compared to its average volume of 1,767,752. MicroStrategy has a one year low of $307.11 and a one year high of $1,999.99. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.78 and a quick ratio of 0.78. The business has a fifty day moving average price of $1,521.72 and a 200 day moving average price of $1,297.66. The company has a market cap of $24.43 billion, a PE ratio of -205.56 and a beta of 3.11.

Shares of MicroStrategy are scheduled to split before the market opens on Thursday, August 8th. The 10-1 split was announced on Thursday, August 8th. The newly minted shares will be issued to shareholders after the closing bell on Thursday, August 8th.

MicroStrategy (NASDAQ:MSTR) last issued its earnings results on Thursday, August 1st. The software maker reported ($5.74) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.93) by ($4.81). The firm had revenue of $111.44 million during the quarter, compared to the consensus estimate of $121.99 million. MicroStrategy had a negative return on equity of 16.83% and a negative net margin of 43.69%. The company’s quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.52 EPS.

Institutional Trading of MicroStrategy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MSTR. Vanguard Group Inc. increased its holdings in MicroStrategy by 34.8% during the first quarter. Vanguard Group Inc. now owns 1,553,048 shares of the software maker’s stock valued at $2,647,263,000 after buying an additional 401,071 shares during the last quarter. Capital International Investors increased its stake in shares of MicroStrategy by 14.9% in the first quarter. Capital International Investors now owns 1,791,564 shares of the software maker’s stock worth $3,053,828,000 after purchasing an additional 232,667 shares in the last quarter. Norges Bank purchased a new stake in shares of MicroStrategy in the fourth quarter worth $70,990,000. Westfield Capital Management Co. LP purchased a new stake in shares of MicroStrategy in the first quarter worth $60,892,000. Finally, APEIRON CAPITAL Ltd purchased a new stake in shares of MicroStrategy in the first quarter worth $53,864,000. 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.