TD Cowen Raises MicroStrategy (NASDAQ:MSTR) Price Target to $200.00

MicroStrategy (NASDAQ:MSTR) had its price objective boosted by TD Cowen from $195.00 to $200.00 in a research note released on Monday, Benzinga reports. The brokerage currently has a buy rating on the software maker’s stock.

MSTR has been the topic of a number of other reports. Canaccord Genuity Group dropped their price target on MicroStrategy from $185.00 to $173.00 and set a buy rating on the stock in a report on Monday, September 16th. Sanford C. Bernstein upgraded shares of MicroStrategy to a strong-buy rating in a report on Friday, June 14th. Benchmark boosted their target price on shares of MicroStrategy from $187.50 to $215.00 and gave the company a buy rating in a research note on Friday, August 2nd. Cantor Fitzgerald assumed coverage on shares of MicroStrategy in a research report on Wednesday, August 21st. They set an overweight rating and a $194.00 target price for the company. Finally, Maxim Group lifted their price target on shares of MicroStrategy from $183.50 to $193.00 and gave the stock a buy rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, MicroStrategy presently has a consensus rating of Moderate Buy and a consensus target price of $202.13.

MicroStrategy Price Performance

MSTR opened at $165.98 on Monday. The firm’s fifty day moving average price is $142.06 and its two-hundred day moving average price is $145.53. The company has a market capitalization of $29.44 billion, a price-to-earnings ratio of -24.77 and a beta of 3.10. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.47 and a quick ratio of 0.47. MicroStrategy has a 1 year low of $30.71 and a 1 year high of $200.00.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data on Thursday, August 1st. The software maker reported ($0.57) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.48). MicroStrategy had a negative return on equity of 14.72% and a negative net margin of 43.69%. The firm had revenue of $111.44 million during the quarter, compared to the consensus estimate of $121.99 million. During the same period in the previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was down 7.4% on a year-over-year basis.

Insider Activity at MicroStrategy

In other MicroStrategy news, EVP Wei-Ming Shao sold 3,000 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total transaction of $423,600.00. Following the sale, the executive vice president now owns 6,460 shares in the company, valued at $912,152. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Phong Le sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $138.28, for a total transaction of $6,914,000.00. Following the sale, the chief executive officer now owns 12,670 shares of the company’s stock, valued at approximately $1,752,007.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Wei-Ming Shao sold 3,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total transaction of $423,600.00. Following the completion of the transaction, the executive vice president now directly owns 6,460 shares of the company’s stock, valued at $912,152. The disclosure for this sale can be found here. In the last ninety days, insiders sold 101,838 shares of company stock worth $13,950,265. Corporate insiders own 13.18% of the company’s stock.

Institutional Investors Weigh In On MicroStrategy

A number of institutional investors and hedge funds have recently made changes to their positions in the business. ST Germain D J Co. Inc. bought a new position in MicroStrategy in the 1st quarter worth about $29,000. Principal Securities Inc. bought a new position in shares of MicroStrategy in the fourth quarter worth approximately $31,000. Rise Advisors LLC raised its stake in MicroStrategy by 233.3% in the first quarter. Rise Advisors LLC now owns 20 shares of the software maker’s stock valued at $34,000 after purchasing an additional 14 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in MicroStrategy during the second quarter valued at approximately $37,000. Finally, GAMMA Investing LLC grew its stake in MicroStrategy by 36.4% in the 2nd quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock worth $41,000 after buying an additional 8 shares in the last quarter. Hedge funds and other institutional investors 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.