MicroStrategy (NASDAQ:MSTR) Stock Price Down 0.4% – What’s Next?

MicroStrategy Incorporated (NASDAQ:MSTR) traded down 0.4% during mid-day trading on Wednesday . The company traded as low as $333.77 and last traded at $334.71. 3,126,702 shares were traded during trading, a decline of 84% from the average session volume of 19,228,738 shares. The stock had previously closed at $335.93.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MSTR. Barclays increased their price objective on MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a report on Monday, November 25th. BTIG Research raised their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Mizuho assumed coverage on shares of MicroStrategy in a report on Wednesday. They issued an “outperform” rating and a $515.00 target price for the company. Maxim Group lifted their price target on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, TD Cowen boosted their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, November 25th. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $483.22.

MicroStrategy Stock Up 1.2 %

The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The firm’s 50 day moving average price is $365.16 and its two-hundred day moving average price is $247.14. The firm has a market cap of $81.51 billion, a price-to-earnings ratio of -159.49 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($1.44). The company 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 firm’s revenue was down 10.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($8.98) earnings per share.

Insider Transactions at MicroStrategy

In other MicroStrategy news, CFO Andrew Kang sold 5,700 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total transaction of $1,465,755.00. Following the sale, the chief financial officer now directly owns 12,080 shares in the company, valued at approximately $3,106,372. The trade was a 32.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Wei-Ming Shao sold 18,000 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the completion of the transaction, the executive vice president now owns 6,460 shares of the company’s stock, valued at $2,377,344.60. This represents a 73.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,000 shares of company stock worth $32,259,177 over the last ninety days. 9.16% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MicroStrategy

Several institutional investors have recently modified their holdings of the company. Sei Investments Co. boosted its position in MicroStrategy by 16.9% during the second quarter. Sei Investments Co. now owns 672 shares of the software maker’s stock worth $926,000 after purchasing an additional 97 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in MicroStrategy by 141.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 341 shares of the software maker’s stock valued at $470,000 after acquiring an additional 200 shares during the last quarter. AQR Capital Management LLC increased its holdings in MicroStrategy by 59.4% during the 2nd quarter. AQR Capital Management LLC now owns 4,500 shares of the software maker’s stock valued at $6,199,000 after acquiring an additional 1,677 shares in the last quarter. Mackenzie Financial Corp raised its position in MicroStrategy by 88.6% during the second quarter. Mackenzie Financial Corp now owns 1,705 shares of the software maker’s stock worth $2,349,000 after acquiring an additional 801 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of MicroStrategy by 51.8% in the second quarter. NewEdge Advisors LLC now owns 1,740 shares of the software maker’s stock valued at $2,397,000 after purchasing an additional 594 shares in the last quarter. Hedge funds and other institutional investors 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.