MicroStrategy (NASDAQ:MSTR) Trading Down 0.3% – Here’s What Happened

MicroStrategy Incorporated (NASDAQ:MSTR) shares were down 0.3% during trading on Wednesday . The company traded as low as $332.39 and last traded at $332.88. Approximately 2,797,082 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 16,284,830 shares. The stock had previously closed at $333.97.

Analysts Set New Price Targets

Several brokerages recently weighed in on MSTR. TD Cowen lifted their price target on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Keefe, Bruyette & Woods began coverage on shares of MicroStrategy in a report on Friday, February 7th. They set an “outperform” rating and a $560.00 target price for the company. Sanford C. Bernstein reissued an “outperform” rating and set a $600.00 price target on shares of MicroStrategy in a report on Thursday, December 12th. Mizuho started coverage on shares of MicroStrategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective for the company. Finally, Barclays lowered their target price on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, MicroStrategy presently has a consensus rating of “Moderate Buy” and a consensus target price of $536.90.

MicroStrategy Price Performance

The stock’s 50 day moving average is $347.70 and its two-hundred day moving average is $265.13. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The stock has a market capitalization of $77.06 billion, a PE ratio of -56.81 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Insider Transactions at MicroStrategy

In other MicroStrategy news, Director Stephen X. Graham sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total value of $9,027,200.00. Following the transaction, the director now directly owns 6,970 shares of the company’s stock, valued at $3,145,979.20. This trade represents a 74.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 9.16% of the company’s stock.

Institutional Investors Weigh In On MicroStrategy

Several hedge funds and other institutional investors have recently made changes to their positions in MSTR. GF Fund Management CO. LTD. acquired a new position in MicroStrategy during the fourth quarter worth $8,698,000. CTC Alternative Strategies Ltd. purchased a new position in shares of MicroStrategy during the 4th quarter worth $1,125,000. Public Employees Retirement System of Ohio boosted its position in shares of MicroStrategy by 5.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 59,981 shares of the software maker’s stock valued at $17,372,000 after acquiring an additional 3,099 shares during the last quarter. Sunbelt Securities Inc. grew its holdings in shares of MicroStrategy by 171.3% in the fourth quarter. Sunbelt Securities Inc. now owns 434 shares of the software maker’s stock valued at $131,000 after purchasing an additional 274 shares during the period. Finally, Vise Technologies Inc. acquired a new stake in MicroStrategy during the fourth quarter worth about $313,000. Institutional investors and hedge funds own 59.84% of the company’s stock.

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.