MicroStrategy (NASDAQ:MSTR) Trading Down 3.8% – What’s Next?

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) dropped 3.8% during trading on Monday . The stock traded as low as $281.60 and last traded at $286.16. Approximately 5,476,818 shares traded hands during trading, a decline of 70% from the average daily volume of 18,348,001 shares. The stock had previously closed at $297.49.

Analyst Ratings Changes

A number of research analysts recently commented on the company. BTIG Research increased their price objective on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Maxim Group raised their target price on shares of MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, February 6th. TD Cowen raised their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Cantor Fitzgerald upped their price objective on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Compass Point upgraded shares of MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $536.90.

MicroStrategy Stock Down 1.3 %

The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The stock has a market cap of $75.56 billion, a price-to-earnings ratio of -52.15 and a beta of 3.36. The firm’s 50-day moving average is $321.59 and its 200 day moving average is $283.05.

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

Large investors have recently added to or reduced their stakes in the stock. Riverview Trust Co purchased a new stake in MicroStrategy during the 4th quarter worth approximately $25,000. IAG Wealth Partners LLC acquired a new stake in shares of MicroStrategy in the fourth quarter valued at approximately $25,000. Quadrant Capital Group LLC lifted its position in MicroStrategy by 855.6% in the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock worth $25,000 after purchasing an additional 77 shares during the period. Dunhill Financial LLC purchased a new position in MicroStrategy in the 4th quarter worth about $26,000. Finally, Sunbelt Securities Inc. raised its holdings in shares of MicroStrategy by 900.0% during the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock valued at $27,000 after acquiring an additional 144 shares during the period. 59.84% of the stock is currently owned by institutional investors and hedge funds.

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.