MicroStrategy (NASDAQ:MSTR) Stock Price Down 3%

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price traded down 3% on Monday . The stock traded as low as $1,421.17 and last traded at $1,450.00. 367,224 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 1,891,167 shares. The stock had previously closed at $1,495.54.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. StockNews.com raised MicroStrategy to a “sell” rating in a research note on Monday, March 18th. Canaccord Genuity Group raised their price objective on MicroStrategy from $1,590.00 to $2,047.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. TD Cowen decreased their price objective on MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating for the company in a report on Wednesday, March 20th. BTIG Research raised their price target on MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a report on Friday, April 5th. Finally, Benchmark reiterated a “buy” rating and issued a $1,875.00 price objective on shares of MicroStrategy in a research report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat, MicroStrategy presently has an average rating of “Moderate Buy” and a consensus target price of $2,012.40.

MicroStrategy Stock Performance

The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $27.25 billion, a PE ratio of -216.42 and a beta of 3.08. The stock’s 50 day moving average price is $1,428.63 and its two-hundred day moving average price is $1,065.60.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data on Monday, April 29th. The software maker reported ($8.26) earnings per share (EPS) for the quarter. The company had revenue of $115.25 million during the quarter, compared to analysts’ expectations of $124.80 million. MicroStrategy had a negative net margin of 17.40% and a negative return on equity of 8.37%.

Insider Buying and Selling at MicroStrategy

In other MicroStrategy news, Chairman Michael J. Saylor sold 1,331 shares of MicroStrategy stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $1,416.13, for a total value of $1,884,869.03. Following the completion of the sale, the chairman now owns 1,331 shares in the company, valued at approximately $1,884,869.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Jarrod M. Patten sold 3,675 shares of MicroStrategy stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $1,632.55, for a total value of $5,999,621.25. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Michael J. Saylor sold 1,331 shares of MicroStrategy stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $1,416.13, for a total transaction of $1,884,869.03. Following the transaction, the chairman now directly owns 1,331 shares in the company, valued at $1,884,869.03. The disclosure for this sale can be found here. In the last three months, insiders sold 49,071 shares of company stock worth $72,979,443. Insiders own 13.18% of the company’s stock.

Hedge Funds Weigh In On MicroStrategy

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Tactive Advisors LLC acquired a new position in shares of MicroStrategy during the first quarter worth about $917,000. Teachers Retirement System of The State of Kentucky acquired a new position in MicroStrategy during the 1st quarter worth approximately $1,106,000. Cetera Investment Advisers purchased a new position in MicroStrategy in the 1st quarter worth approximately $8,901,000. California State Teachers Retirement System grew its position in MicroStrategy by 15.7% in the first quarter. California State Teachers Retirement System now owns 14,841 shares of the software maker’s stock valued at $25,297,000 after acquiring an additional 2,015 shares in the last quarter. Finally, Waverly Advisors LLC purchased a new stake in shares of MicroStrategy during the first quarter valued at approximately $1,040,000. Institutional investors and hedge funds own 72.03% 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.