MicroStrategy (NASDAQ:MSTR) Earns Buy Rating from Benchmark

Benchmark reissued their buy rating on shares of MicroStrategy (NASDAQ:MSTR) in a report issued on Thursday morning, Benzinga reports. They currently have a $1,875.00 target price on the software maker’s stock.

A number of other research firms have also recently commented on MSTR. TD Cowen cut their price target on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an outperform rating for the company in a research note on Wednesday, March 20th. StockNews.com raised MicroStrategy to a sell rating in a research note on Monday, March 18th. BTIG Research lifted their price target on MicroStrategy from $780.00 to $1,800.00 and gave the stock a buy rating in a research note on Friday, April 5th. Finally, Canaccord Genuity Group reiterated a buy rating and set a $1,810.00 price objective on shares of MicroStrategy in a research report on Thursday, March 28th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, MicroStrategy has a consensus rating of Moderate Buy and a consensus target price of $1,733.75.

MicroStrategy Price Performance

NASDAQ:MSTR opened at $1,282.38 on Thursday. MicroStrategy has a 52-week low of $266.00 and a 52-week high of $1,999.99. The stock has a fifty day moving average of $1,351.21 and a 200 day moving average of $813.56. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market capitalization of $21.76 billion, a price-to-earnings ratio of 45.51 and a beta of 2.89.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Tuesday, February 6th. The software maker reported $5.62 earnings per share (EPS) for the quarter. The firm had revenue of $124.48 million during the quarter, compared to the consensus estimate of $134.90 million. MicroStrategy had a return on equity of 42.81% and a net margin of 86.47%.

Insider Activity at MicroStrategy

In other MicroStrategy news, Chairman Michael J. Saylor sold 5,000 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $491.32, for a total transaction of $2,456,600.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other MicroStrategy news, Chairman Michael J. Saylor sold 5,000 shares of MicroStrategy stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $491.32, for a total transaction of $2,456,600.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jarrod M. Patten sold 3,675 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $1,632.55, for a total value of $5,999,621.25. The disclosure for this sale can be found here. Insiders sold a total of 112,452 shares of company stock worth $120,206,247 over the last quarter. 13.18% of the stock is owned by corporate insiders.

Institutional Trading of MicroStrategy

Hedge funds and other institutional investors have recently modified their holdings of the business. Capital International Investors lifted its position in MicroStrategy by 0.3% during the 4th quarter. Capital International Investors now owns 1,558,897 shares of the software maker’s stock valued at $984,631,000 after acquiring an additional 4,858 shares during the period. Vanguard Group Inc. lifted its holdings in shares of MicroStrategy by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 1,151,977 shares of the software maker’s stock valued at $727,612,000 after purchasing an additional 24,997 shares during the last quarter. Norges Bank bought a new stake in shares of MicroStrategy in the 4th quarter worth approximately $70,990,000. Northern Trust Corp grew its stake in shares of MicroStrategy by 2.1% in the 3rd quarter. Northern Trust Corp now owns 108,075 shares of the software maker’s stock worth $35,479,000 after buying an additional 2,248 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in MicroStrategy by 6.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 99,949 shares of the software maker’s stock valued at $63,130,000 after buying an additional 6,272 shares in the last quarter. 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.