MicroStrategy (NASDAQ:MSTR) Stock Price Down 3.4% – Here’s What Happened

MicroStrategy Incorporated (NASDAQ:MSTR)’s stock price dropped 3.4% during mid-day trading on Tuesday . The stock traded as low as $335.07 and last traded at $335.92. Approximately 4,158,612 shares changed hands during trading, a decline of 79% from the average daily volume of 19,695,057 shares. The stock had previously closed at $347.92.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. BTIG Research raised their target price on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Sanford C. Bernstein reissued an “outperform” rating and issued a $600.00 target price on shares of MicroStrategy in a research note on Thursday, December 12th. Barclays lifted their price target on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Benchmark restated a “buy” rating and set a $650.00 target price on shares of MicroStrategy in a report on Tuesday, January 14th. Finally, TD Cowen raised their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 25th. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $483.22.

MicroStrategy Stock Performance

The business has a 50-day moving average price of $362.51 and a 200 day moving average price of $247.80. The stock has a market capitalization of $81.50 billion, a P/E ratio of -161.41 and a beta of 3.25. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65.

MicroStrategy (NASDAQ:MSTR) last issued its earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($1.44). The firm had revenue of $116.07 million during the quarter, compared to analysts’ expectations of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The firm’s quarterly revenue was down 10.3% on a year-over-year basis. During the same period last year, the firm posted ($8.98) earnings per share.

Insider Activity at MicroStrategy

In other news, CAO Jeanine Montgomery sold 56,250 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the sale, the chief accounting officer now owns 5,670 shares of the company’s stock, valued at $1,459,514.70. This trade represents a 90.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Andrew Kang sold 5,700 shares of MicroStrategy stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total transaction of $1,465,755.00. Following the completion of the sale, the chief financial officer now owns 12,080 shares of the company’s stock, valued at $3,106,372. This represents a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,000 shares of company stock valued at $32,259,177 over the last ninety days. Insiders own 9.16% of the company’s stock.

Institutional Trading of MicroStrategy

Large investors have recently modified their holdings of the company. UMB Bank n.a. increased its position in shares of MicroStrategy by 900.0% during the 3rd quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock valued at $25,000 after purchasing an additional 135 shares during the last quarter. AlphaMark Advisors LLC raised its position in MicroStrategy by 2,900.0% in the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock worth $25,000 after acquiring an additional 145 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of MicroStrategy during the 3rd quarter worth $27,000. Sunbelt Securities Inc. grew its position in shares of MicroStrategy by 900.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock valued at $27,000 after acquiring an additional 144 shares during the period. Finally, ST Germain D J Co. Inc. increased its stake in shares of MicroStrategy by 900.0% in the 3rd quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock worth $29,000 after purchasing an additional 153 shares in the last quarter. Institutional investors own 59.84% of the company’s stock.

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.