MicroStrategy (NASDAQ:MSTR) Stock Price Down 1.1% – Here’s Why

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) were down 1.1% during mid-day trading on Monday . The stock traded as low as $308.90 and last traded at $330.99. Approximately 7,648,283 shares traded hands during trading, a decline of 59% from the average daily volume of 18,539,137 shares. The stock had previously closed at $334.79.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on MSTR shares. TD Cowen upped their target price on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Compass Point raised MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Mizuho assumed coverage on shares of MicroStrategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 target price for the company. Maxim Group increased their price target on shares of MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, BTIG Research boosted their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. One equities research 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 stock. According to MarketBeat, MicroStrategy presently has a consensus rating of “Moderate Buy” and an average target price of $483.22.

MicroStrategy Stock Down 3.3 %

The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The business’s fifty day moving average price is $358.58 and its two-hundred day moving average price is $253.42. The stock has a market capitalization of $80.69 billion, a PE ratio of -159.80 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%.

Insider Activity at MicroStrategy

In other news, CEO Phong Le sold 1,252 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $322.45, for a total transaction of $403,707.40. Following the completion of the sale, the chief executive officer now owns 13,918 shares in the company, valued at $4,487,859.10. This trade represents a 8.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen X. Graham sold 20,000 shares of the company’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 completion of the transaction, the director now owns 6,970 shares in the company, valued at $3,145,979.20. This represents a 74.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,050 shares of company stock worth $16,314,110 over the last three months. Company insiders own 9.16% of the company’s stock.

Institutional Investors Weigh In On MicroStrategy

A number of institutional investors and hedge funds have recently made changes to their positions in MSTR. GPS Wealth Strategies Group LLC grew its position in MicroStrategy by 3.2% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock valued at $324,000 after acquiring an additional 35 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of MicroStrategy by 38.2% in the fourth quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock valued at $41,000 after acquiring an additional 39 shares in the last quarter. WR Wealth Planners LLC boosted its holdings in MicroStrategy by 22.6% in the fourth quarter. WR Wealth Planners LLC now owns 260 shares of the software maker’s stock valued at $75,000 after purchasing an additional 48 shares during the period. Sterling Investment Advisors Ltd. increased its stake in shares of MicroStrategy by 0.9% during the fourth quarter. Sterling Investment Advisors Ltd. now owns 5,380 shares of the software maker’s stock worth $1,558,000 after buying an additional 50 shares during the period. Finally, Masso Torrence Wealth Management Inc. raised its stake in MicroStrategy by 1.8% in the fourth quarter. Masso Torrence Wealth Management Inc. now owns 3,055 shares of the software maker’s stock valued at $885,000 after buying an additional 55 shares in the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

MicroStrategy Company Profile

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.