MicroStrategy (NASDAQ:MSTR) Stock Price Down 1.1% – What’s Next?

MicroStrategy Incorporated (NASDAQ:MSTR) was down 1.1% during trading on Thursday . The stock traded as low as $335.00 and last traded at $345.68. Approximately 7,882,149 shares changed hands during trading, a decline of 58% from the average daily volume of 18,826,896 shares. The stock had previously closed at $349.64.

Wall Street Analyst Weigh In

Several research firms have weighed in on MSTR. TD Cowen boosted their price target on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Barclays boosted their price objective 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. Canaccord Genuity Group raised their target price on shares of MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Sanford C. Bernstein reissued an “outperform” rating and set a $600.00 price target on shares of MicroStrategy in a research report on Thursday, December 12th. Finally, Cantor Fitzgerald began coverage on MicroStrategy in a research note on Wednesday, August 21st. They set an “overweight” rating and a $194.00 target price for the company. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, MicroStrategy has an average rating of “Moderate Buy” and an average target price of $479.25.

MicroStrategy Stock Down 5.7 %

The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The stock has a fifty day moving average price of $315.16 and a two-hundred day moving average price of $206.03. The company has a market cap of $66.85 billion, a price-to-earnings ratio of -156.56 and a beta of 3.17.

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

Insider Buying and Selling at MicroStrategy

In related news, CEO Phong Le sold 1,252 shares of MicroStrategy stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $322.45, for a total value of $403,707.40. Following the transaction, the chief executive officer now directly owns 13,918 shares of the company’s stock, valued at $4,487,859.10. This trade represents a 8.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Jeanine Montgomery sold 56,250 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total value 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. The trade was a 90.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 102,000 shares of company stock valued at $32,259,177 in the last three months. Corporate insiders own 13.18% of the company’s stock.

Hedge Funds Weigh In On MicroStrategy

A number of institutional investors have recently modified their holdings of the business. Geode Capital Management LLC raised its stake in MicroStrategy by 990.6% during the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock worth $465,573,000 after acquiring an additional 2,512,645 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in MicroStrategy by 587.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker’s stock worth $111,994,000 after purchasing an additional 567,628 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in MicroStrategy by 971.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker’s stock valued at $107,855,000 after purchasing an additional 579,994 shares during the last quarter. Swiss National Bank boosted its position in MicroStrategy by 904.7% in the third quarter. Swiss National Bank now owns 468,200 shares of the software maker’s stock valued at $78,939,000 after buying an additional 421,600 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of MicroStrategy by 1,077.0% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 343,164 shares of the software maker’s stock worth $57,857,000 after buying an additional 314,007 shares during the last quarter. Institutional investors and hedge funds 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.