MicroStrategy (NASDAQ:MSTR) Stock Price Down 1.1% After Analyst Downgrade

MicroStrategy Incorporated (NASDAQ:MSTR) shares were down 1.1% during mid-day trading on Tuesday after Barclays lowered their price target on the stock from $515.00 to $421.00. Barclays currently has an overweight rating on the stock. MicroStrategy traded as low as $329.05 and last traded at $331.01. Approximately 3,559,662 shares were traded during trading, a decline of 79% from the average daily volume of 17,253,703 shares. The stock had previously closed at $334.62.

Other equities research analysts also recently issued reports about the company. Keefe, Bruyette & Woods started coverage on MicroStrategy in a research report on Friday. They issued an “outperform” rating and a $560.00 price target on the stock. Cantor Fitzgerald raised their target price on MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Benchmark reiterated a “buy” rating and set a $650.00 price target on shares of MicroStrategy in a report on Tuesday, January 14th. Sanford C. Bernstein restated an “outperform” rating and issued a $600.00 price objective on shares of MicroStrategy in a research note on Thursday, December 12th. Finally, TD Cowen upped their target price on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 25th. One 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $536.90.

Insider Activity at MicroStrategy

In other MicroStrategy news, Director Stephen X. Graham sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value of $9,027,200.00. Following the sale, the director now owns 6,970 shares in the company, valued at approximately $3,145,979.20. The trade was a 74.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Phong Le sold 1,252 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total transaction of $403,707.40. Following the transaction, the chief executive officer now directly owns 13,918 shares of the company’s stock, valued at $4,487,859.10. This represents a 8.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,050 shares of company stock valued at $16,314,110. 9.16% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. National Bank of Canada FI grew its stake in shares of MicroStrategy by 746.2% in the third quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock valued at $3,481,000 after buying an additional 18,207 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of MicroStrategy in the 3rd quarter valued at about $254,000. Wellington Management Group LLP raised its holdings in shares of MicroStrategy by 979.8% in the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock valued at $1,134,000 after purchasing an additional 6,104 shares during the period. US Bancorp DE lifted its stake in MicroStrategy by 782.8% in the 3rd quarter. US Bancorp DE now owns 4,255 shares of the software maker’s stock valued at $717,000 after purchasing an additional 3,773 shares during the last quarter. Finally, Virtu Financial LLC grew its holdings in MicroStrategy by 10,398.4% during the third quarter. Virtu Financial LLC now owns 224,245 shares of the software maker’s stock worth $37,808,000 after purchasing an additional 222,109 shares during the period. 59.84% of the stock is currently owned by institutional investors.

MicroStrategy Trading Down 2.3 %

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 business has a 50-day simple moving average of $354.16 and a two-hundred day simple moving average of $257.96. The stock has a market cap of $78.32 billion, a price-to-earnings ratio of -58.18 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR) last posted its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

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.