MicroStrategy (NASDAQ:MSTR) Trading Down 2.4% – What’s Next?

MicroStrategy Incorporated (NASDAQ:MSTR)’s stock price dropped 2.4% during mid-day trading on Tuesday . The stock traded as low as $272.50 and last traded at $287.13. Approximately 6,479,227 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 18,330,978 shares. The stock had previously closed at $294.27.

Analyst Ratings Changes

A number of brokerages recently commented on MSTR. Barclays decreased their price objective on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Keefe, Bruyette & Woods started coverage on MicroStrategy in a research note on Friday, February 7th. They issued an “outperform” rating and a $560.00 price target for the company. Benchmark reissued a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a research note on Tuesday, January 14th. Compass Point raised shares of MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Finally, Maxim Group lifted 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. One research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $536.90.

MicroStrategy Stock Performance

The firm has a market capitalization of $72.91 billion, a P/E ratio of -50.58 and a beta of 3.36. The stock has a fifty day moving average of $319.90 and a 200-day moving average of $284.19. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

Institutional Investors Weigh In On MicroStrategy

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Riverview Trust Co bought a new position in shares of MicroStrategy during the 4th quarter worth approximately $25,000. IAG Wealth Partners LLC bought a new position in MicroStrategy during the fourth quarter worth $25,000. Quadrant Capital Group LLC increased its holdings in shares of MicroStrategy by 855.6% in the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock valued at $25,000 after purchasing an additional 77 shares during the last quarter. Dunhill Financial LLC acquired a new position in shares of MicroStrategy in the fourth quarter valued at $26,000. Finally, Sunbelt Securities Inc. raised its position in shares of MicroStrategy by 900.0% in the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock valued at $27,000 after purchasing an additional 144 shares during the period. 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.