MicroStrategy (NASDAQ:MSTR) Trading Down 2.4% – Here’s What Happened

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MSTR shares. Sanford C. Bernstein restated an “outperform” rating and set a $600.00 target price on shares of MicroStrategy in a report on Thursday, December 12th. Compass Point upgraded shares of MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Benchmark reaffirmed a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. Maxim Group lifted their target price on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Finally, BTIG Research upped their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $536.90.

MicroStrategy Trading Down 3.7 %

The business’s 50 day moving average price is $319.90 and its 200-day moving average price is $284.19. The company has a market cap of $72.91 billion, a price-to-earnings ratio of -50.58 and a beta of 3.36. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Wednesday, February 5th. The software maker reported ($3.20) EPS 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%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MSTR. Principal Financial Group Inc. raised its position in shares of MicroStrategy by 781.4% during the third quarter. Principal Financial Group Inc. now owns 46,483 shares of the software maker’s stock worth $7,837,000 after acquiring an additional 41,209 shares during the last quarter. GSA Capital Partners LLP acquired a new position in MicroStrategy during the 3rd quarter valued at about $261,000. Victory Capital Management Inc. boosted its stake in shares of MicroStrategy by 894.7% in the 3rd quarter. Victory Capital Management Inc. now owns 57,830 shares of the software maker’s stock valued at $9,750,000 after purchasing an additional 52,016 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of MicroStrategy during the 3rd quarter worth approximately $238,000. Finally, Metis Global Partners LLC raised its stake in shares of MicroStrategy by 952.6% during the third quarter. Metis Global Partners LLC now owns 2,000 shares of the software maker’s stock worth $337,000 after buying an additional 1,810 shares during the last quarter. 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.