2 weeks Ago By ABMN Staff
MicroStrategy Incorporated ( NASDAQ:MSTR – Get Free Report )’s stock price gapped up prior to trading on Tuesday after Barclays raised their price target on the stock from $225.00 to $275.00.
The stock had previously closed at $222.99, but opened at $233.34.
Barclays currently has an overweight rating on the stock. MicroStrategy shares last traded at $241.50, with a volume of 3,148,390 shares changing hands.
MSTR has been the subject of several other reports. Cantor Fitzgerald began coverage on MicroStrategy in a research note on Wednesday, August 21st. They set an “overweight” rating and a $194.
00 target price for the company. Sanford C. Bernstein dropped their price objective on MicroStrategy from $2,890.
00 to $290.00 and set an “outperform” rating for the company in a research report on Wednesday, October 9th. TD Cowen raised their price objective on MicroStrategy from $200.
00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Benchmark boosted their target price on MicroStrategy from $245.
00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, BTIG Research raised their price target on shares of MicroStrategy from $180.
00 to $240.00 and gave the company a “buy” rating in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock.
According to MarketBeat.com, MicroStrategy has an average rating of “Moderate Buy” and an average target price of $271.13.
Get Our Latest Report on MSTR Insider Activity at MicroStrategy Institutional Investors Weigh In On MicroStrategy Large investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new position in shares of MicroStrategy in the 1st quarter worth about $58,000. Sequoia Financial Advisors LLC acquired a new stake in MicroStrategy during the first quarter worth approximately $377,000.
Janney Montgomery Scott LLC increased its holdings in MicroStrategy by 16.8% in the first quarter. Janney Montgomery Scott LLC now owns 3,219 shares of the software maker’s stock worth $5,487,000 after purchasing an additional 464 shares in the last quarter.
Jennison Associates LLC acquired a new position in MicroStrategy in the first quarter valued at approximately $806,000. Finally, Wealthspire Advisors LLC bought a new position in shares of MicroStrategy during the 1st quarter worth approximately $203,000. 72.
03% of the stock is currently owned by institutional investors and hedge funds. MicroStrategy Trading Up 2.2 % The company has a current ratio of 0.
65, a quick ratio of 0.47 and a debt-to-equity ratio of 1.12.
The firm’s 50-day moving average price is $173.44 and its 200 day moving average price is $154.75.
The company has a market cap of $40.41 billion, a price-to-earnings ratio of -107.96 and a beta of 3.
05. MicroStrategy ( NASDAQ:MSTR – Get Free Report ) last posted its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.
56) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($1.44).
The company had revenue of $116.07 million during the quarter, compared to the consensus estimate of $121.45 million.
MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%.
The company’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same period last year, the firm posted ($8.
98) earnings per share. MicroStrategy Company Profile ( Get Free Report ) 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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