MicroStrategy (NASDAQ:MSTR) Shares Gap Down – Here’s What Happened

MicroStrategy Incorporated (NASDAQ:MSTR)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $287.18, but opened at $268.00. MicroStrategy shares last traded at $251.38, with a volume of 4,562,971 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have commented on MSTR. Barclays decreased their price objective on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Benchmark reiterated a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a report on Tuesday, January 14th. Cantor Fitzgerald boosted their price objective on MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Mizuho began coverage on shares of MicroStrategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 target price on the stock. Finally, Keefe, Bruyette & Woods initiated coverage on shares of MicroStrategy in a research note on Friday, February 7th. They set an “outperform” rating and a $560.00 price target for the company. One research analyst has rated the stock with a sell rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, MicroStrategy currently has a consensus rating of “Moderate Buy” and an average price target of $536.90.

MicroStrategy Stock Up 8.9 %

The firm has a market cap of $67.06 billion, a P/E ratio of -46.26 and a beta of 3.36. The firm’s 50 day moving average is $323.71 and its two-hundred day moving average is $280.20. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings results 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 return on equity of 19.01% and a negative net margin of 251.73%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. IronOak Wealth LLC. acquired a new stake in shares of MicroStrategy during the fourth quarter worth about $587,000. Castle Rock Wealth Management LLC bought a new stake in MicroStrategy during the 4th quarter worth approximately $511,000. Dogwood Wealth Management LLC acquired a new stake in MicroStrategy during the 4th quarter worth approximately $57,000. Siemens Fonds Invest GmbH lifted its stake in MicroStrategy by 6,992.7% in the fourth quarter. Siemens Fonds Invest GmbH now owns 119,654 shares of the software maker’s stock valued at $33,000 after buying an additional 117,967 shares in the last quarter. Finally, BridgePort Financial Solutions LLC acquired a new position in shares of MicroStrategy in the fourth quarter valued at approximately $675,000. 59.84% of the stock is currently owned by institutional investors.

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.