MicroStrategy (NASDAQ:MSTR) Shares Down 0.3% – Here’s What Happened

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) traded down 0.3% on Wednesday . The stock traded as low as $332.39 and last traded at $332.88. 2,797,082 shares were traded during mid-day trading, a decline of 83% from the average session volume of 16,284,830 shares. The stock had previously closed at $333.97.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MSTR shares. Mizuho assumed coverage on shares of MicroStrategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective for the company. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $600.00 price target on shares of MicroStrategy in a research report on Thursday, December 12th. Compass Point raised shares of MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. Maxim Group boosted their price objective on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Finally, Canaccord Genuity Group dropped their target price on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock 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 given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $536.90.

MicroStrategy Price Performance

The stock has a 50-day moving average price of $347.70 and a two-hundred day moving average price of $265.13. 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 stock has a market cap of $77.06 billion, a price-to-earnings ratio of -56.81 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share 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

In other news, Director Stephen X. Graham sold 20,000 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the sale, the director now directly owns 6,970 shares of the company’s stock, valued at $3,145,979.20. The trade was a 74.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.16% of the stock is owned by company insiders.

Institutional Trading of MicroStrategy

Several large investors have recently added to or reduced their stakes in MSTR. Creative Planning lifted its holdings in shares of MicroStrategy by 1,294.2% during the third quarter. Creative Planning now owns 89,784 shares of the software maker’s stock worth $15,138,000 after purchasing an additional 83,344 shares during the period. Allspring Global Investments Holdings LLC raised its position in MicroStrategy by 820.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 359 shares of the software maker’s stock worth $61,000 after buying an additional 320 shares during the last quarter. Whittier Trust Co. lifted its stake in MicroStrategy by 921.6% during the 3rd quarter. Whittier Trust Co. now owns 1,890 shares of the software maker’s stock valued at $319,000 after acquiring an additional 1,705 shares during the period. Shariaportfolio Inc. boosted its holdings in shares of MicroStrategy by 1,121.2% in the 3rd quarter. Shariaportfolio Inc. now owns 116,873 shares of the software maker’s stock valued at $19,705,000 after acquiring an additional 107,303 shares during the last quarter. Finally, Foundations Investment Advisors LLC boosted its holdings in shares of MicroStrategy by 915.2% in the 3rd quarter. Foundations Investment Advisors LLC now owns 120,970 shares of the software maker’s stock valued at $20,396,000 after acquiring an additional 109,054 shares during the last quarter. Hedge funds and other 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.