BTIG analyst Andrew Harte maintained a Buy rating on Microstrategy (MSTR – Research Report) yesterday and set a price target of $690.00. The company’s shares closed last Friday at $631.62.
According to TipRanks, Harte is a 4-star analyst with an average return of 18.2% and an 88.24% success rate. Harte covers the Technology sector, focusing on stocks such as Microstrategy, Par Technology, and Shift4 Payments.
Currently, the analyst consensus on Microstrategy is a Strong Buy with an average price target of $713.67, implying a 12.99% upside from current levels. In a report released on December 27, Canaccord Genuity also maintained a Buy rating on the stock with a $791.00 price target.
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The company has a one-year high of $689.35 and a one-year low of $139.38. Currently, Microstrategy has an average volume of 970.4K.
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. Last month, Jarrod Patten, a Director at MSTR sold 200.00 shares for a total of $116,514.00.
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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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