Benchmark Raises MicroStrategy (NASDAQ:MSTR) Price Target to $245.00

Benchmark has raised its price target for MicroStrategy (NASDAQ:MSTR) from an undisclosed amount to another undisclosed amount, maintaining a "buy" rating. This adjustment suggests a potential upside of 15.38% from the current stock price. Other firms have also updated their ratings, with a consensus rating of "Moderate Buy" and a target price of .50. MicroStrategy shares rose 9.8% during trading, with a market cap of .66 billion and a negative net margin of 43.69%.

MicroStrategy (NASDAQ:MSTR - Get Free Report) had its price objective raised by analysts at Benchmark from $215.00 to $245.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a "buy" rating on the software maker's stock. Benchmark's target price points to a potential upside of 15.38% from the stock's current price.

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Several other research firms have also issued reports on MSTR. Cantor Fitzgerald began coverage on MicroStrategy in a research report on Wednesday, August 21st. They issued an "overweight" rating and a $194.00 price target for the company. TD Cowen upped their price target on shares of MicroStrategy from $195.00 to $200.00 and gave the stock a "buy" rating in a research report on Monday, September 23rd. Canaccord Genuity Group decreased their target price on MicroStrategy from $185.00 to $173.00 and set a "buy" rating on the stock in a research note on Monday, September 16th. Maxim Group lifted their price target on shares of MicroStrategy from $183.50 to $193.00 and gave the company a "buy" rating in a report on Friday, August 2nd. Finally, Barclays raised their price target on MicroStrategy from $173.00 to $225.00 and gave the company an "overweight" rating in a report on Monday. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $212.50.

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MicroStrategy Stock Up 9.8 %

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Shares of MSTR traded up $18.93 during trading hours on Friday, hitting $212.35. The company had a trading volume of 12,208,148 shares, compared to its average volume of 16,337,416. MicroStrategy has a 52-week low of $32.81 and a 52-week high of $227.15. The firm has a fifty day moving average price of $150.27 and a 200-day moving average price of $147.36. The stock has a market capitalization of $37.66 billion, a price-to-earnings ratio of -31.90 and a beta of 3.11. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.47 and a current ratio of 0.47.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The software maker reported ($0.57) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.48). The firm had revenue of $111.44 million for the quarter, compared to analysts' expectations of $121.99 million. MicroStrategy had a negative net margin of 43.69% and a negative return on equity of 14.72%. The company's quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.15 EPS.

Insider Activity

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In other news, EVP Wei-Ming Shao sold 3,000 shares of MicroStrategy 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 sale, the executive vice president now directly owns 6,460 shares in the company, valued at approximately $912,152. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other MicroStrategy news, CEO Phong Le sold 48,838 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $135.40, for a total transaction of $6,612,665.20. Following the completion of the transaction, the chief executive officer now owns 12,670 shares of the company's stock, valued at $1,715,518. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Wei-Ming Shao sold 3,000 shares of the business's stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total transaction of $423,600.00. Following the transaction, the executive vice president now owns 6,460 shares in the company, valued at $912,152. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 101,838 shares of company stock valued at $13,950,265. Corporate insiders own 13.18% of the company's stock.

Institutional Trading of MicroStrategy

Several hedge funds have recently made changes to their positions in the company. Capital International Investors raised its position in shares of MicroStrategy by 14.9% during the 1st quarter. Capital International Investors now owns 1,791,564 shares of the software maker's stock valued at $3,053,828,000 after buying an additional 232,667 shares during the period. Vanguard Group Inc. raised its position in shares of MicroStrategy by 34.8% during the 1st 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 period. Commonwealth Equity Services LLC raised its position in shares of MicroStrategy by 827.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 225,531 shares of the software maker's stock valued at $38,025,000 after buying an additional 201,210 shares during the period. Strong Tower Advisory Services raised its position in MicroStrategy by 990.0% in the third quarter. Strong Tower Advisory Services now owns 160,668 shares of the software maker's stock valued at $27,089,000 after purchasing an additional 145,928 shares during the period. Finally, Exchange Traded Concepts LLC raised its position in MicroStrategy by 1,019.6% in the third quarter. Exchange Traded Concepts LLC now owns 113,601 shares of the software maker's stock valued at $19,153,000 after purchasing an additional 103,454 shares during the period. Hedge funds and other institutional investors own 72.03% of the company's stock.

About MicroStrategy

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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.

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