In a report released today, Lance Vitanza from TD Cowen maintained a Buy rating on Microstrategy (MSTR – Research Report), with a price target of $660.00. The company’s shares opened today at $613.80.
According to TipRanks, Vitanza is a 4-star analyst with an average return of 14.1% and a 52.43% success rate. Vitanza covers the Communication Services sector, focusing on stocks such as Deluxe, Gogo, and Clear Channel Outdoor.
Currently, the analyst consensus on Microstrategy is a Strong Buy with an average price target of $673.33.
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MSTR market cap is currently $9.44B and has a P/E ratio of 467.99.
Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MSTR in relation to earlier this year. Earlier this month, Jarrod Patten, a Director at MSTR sold 200.00 shares for a total of $116,514.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Microstrategy (MSTR) Company Description:
MicroStrategy, Inc. engages in the provision of enterprise analytics and mobility software. It designs, develops, markets, and sells software platform through licensing arrangements and cloud-based subscriptions and related services. Its flagship platform, MicroStrategy 10, consists of the MicroStrategy Analytics, MicroStrategy Mobile, and Usher brands. The company was founded by Michael J. Saylor and Sanjeev K. Bansal on November 17, 1989 and is headquartered in Vienna, VA.
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