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

MicroStrategy Incorporated (NASDAQ:MSTR) shares gapped down before the market opened on Tuesday . The stock had previously closed at $294.27, but opened at $283.20. MicroStrategy shares last traded at $278.95, with a volume of 2,709,108 shares changing hands.

Analyst Ratings Changes

Several equities analysts recently issued reports on MSTR shares. Barclays lowered their price target on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Keefe, Bruyette & Woods initiated coverage on MicroStrategy in a research note on Friday, February 7th. They issued an “outperform” rating and a $560.00 price objective on the stock. Canaccord Genuity Group lowered their price objective on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Mizuho began coverage on MicroStrategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective on the stock. Finally, Maxim Group boosted their target price on MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $536.90.

MicroStrategy Stock Performance

The stock has a 50 day moving average price of $318.18 and a two-hundred day moving average price of $285.38. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The company has a market cap of $78.29 billion, a price-to-earnings ratio of -54.01 and a beta of 3.36.

MicroStrategy (NASDAQ:MSTR) last posted 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 net margin of 251.73% and a negative return on equity of 19.01%.

Institutional Trading of MicroStrategy

A number of large investors have recently made changes to their positions in the company. Maryland State Retirement & Pension System increased its position in shares of MicroStrategy by 0.3% in 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 buying an additional 30 shares in the last quarter. Family Management Corp increased its position in shares of MicroStrategy by 2.2% in the 4th 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 increased its position in shares of MicroStrategy by 3.2% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock valued at $324,000 after buying an additional 35 shares in the last quarter. Oder Investment Management LLC increased its position in shares of MicroStrategy by 3.1% in the 4th quarter. Oder Investment Management LLC now owns 1,268 shares of the software maker’s stock valued at $367,000 after buying an additional 38 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in MicroStrategy by 38.2% during the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock worth $41,000 after purchasing an additional 39 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.