MicroStrategy (NASDAQ:MSTR) Trading Down 6.6% – What’s Next?

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price was down 6.6% during trading on Friday . The stock traded as low as $300.11 and last traded at $303.06. Approximately 5,990,502 shares traded hands during trading, a decline of 66% from the average daily volume of 17,827,162 shares. The stock had previously closed at $324.59.

Analyst Upgrades and Downgrades

MSTR has been the subject of a number of research analyst reports. Mizuho began coverage on shares of MicroStrategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price target for the company. Compass Point raised shares of MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Maxim Group increased their price target on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Benchmark reissued a “buy” rating and issued a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods started coverage on MicroStrategy in a report on Friday, February 7th. They set an “outperform” rating and a $560.00 target price on the stock. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $536.90.

MicroStrategy Stock Performance

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 50 day moving average of $315.78 and a 200 day moving average of $292.60. The stock has a market capitalization of $75.31 billion, a P/E ratio of -51.86 and a beta of 3.36.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing the consensus estimate 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 Buying and Selling at MicroStrategy

In other MicroStrategy news, CFO Andrew Kang purchased 1,500 shares of the stock in a transaction dated Thursday, March 20th. The shares were bought at an average cost of $85.00 per share, with a total value of $127,500.00. Following the completion of the acquisition, the chief financial officer now owns 1,500 shares of the company’s stock, valued at approximately $127,500. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Wei-Ming Shao acquired 500 shares of MicroStrategy stock in a transaction that occurred on Thursday, March 20th. The stock was bought at an average cost of $85.00 per share, with a total value of $42,500.00. Following the acquisition, the executive vice president now directly owns 500 shares of the company’s stock, valued at approximately $42,500. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 8,000 shares of company stock worth $680,000 and have sold 22,998 shares worth $7,671,926. 9.16% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Maryland State Retirement & Pension System boosted its stake in MicroStrategy by 0.3% during the 4th quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker’s stock valued at $2,604,000 after purchasing an additional 30 shares in the last quarter. Family Management Corp boosted its stake in MicroStrategy by 2.2% during the fourth quarter. Family Management Corp now owns 1,370 shares of the software maker’s stock valued at $397,000 after buying an additional 30 shares in the last quarter. GPS Wealth Strategies Group LLC grew its holdings in MicroStrategy by 3.2% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock worth $324,000 after acquiring an additional 35 shares during the period. Oder Investment Management LLC raised its position in MicroStrategy by 3.1% in the fourth quarter. Oder Investment Management LLC now owns 1,268 shares of the software maker’s stock worth $367,000 after acquiring an additional 38 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in MicroStrategy by 38.2% in the fourth quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock worth $41,000 after acquiring an additional 39 shares in the last quarter. 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.