Barclays Has Lowered Expectations for MicroStrategy (NASDAQ:MSTR) Stock Price

MicroStrategy (NASDAQ:MSTR) had its price target decreased by Barclays from $515.00 to $421.00 in a report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the software maker’s stock. Barclays‘s target price points to a potential upside of 31.78% from the company’s previous close.

A number of other research firms have also commented on MSTR. Benchmark restated a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a research report on Tuesday, January 14th. Sanford C. Bernstein restated an “outperform” rating and set a $600.00 price target on shares of MicroStrategy in a research report on Thursday, December 12th. Mizuho started coverage on MicroStrategy in a research report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective for the company. TD Cowen boosted their price objective on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Finally, Maxim Group lifted their price target on MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $536.90.

MicroStrategy Trading Down 4.5 %

Shares of MicroStrategy stock opened at $319.46 on Monday. MicroStrategy has a 52-week low of $65.02 and a 52-week high of $543.00. The firm has a market capitalization of $76.56 billion, a PE ratio of -56.71 and a beta of 3.25. 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 company’s fifty day moving average price is $353.08 and its two-hundred day moving average price is $258.97.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly 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 net margin of 251.73% and a negative return on equity of 19.01%.

Insider Transactions at MicroStrategy

In related news, CAO Jeanine Montgomery sold 752 shares of MicroStrategy stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total transaction of $242,482.40. Following the completion of the sale, the chief accounting officer now directly owns 6,418 shares of the company’s stock, valued at $2,069,484.10. The trade was a 10.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Phong Le sold 1,252 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $322.45, for a total value of $403,707.40. Following the transaction, the chief executive officer now owns 13,918 shares in the company, valued at approximately $4,487,859.10. This trade represents a 8.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,050 shares of company stock worth $9,689,930 in the last quarter. 9.16% of the stock is owned by company insiders.

Institutional Investors Weigh In On MicroStrategy

Several hedge funds have recently bought and sold shares of the company. Maryland State Retirement & Pension System raised its stake in MicroStrategy by 0.3% during the 4th quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker’s stock worth $2,604,000 after buying an additional 30 shares during the period. GPS Wealth Strategies Group LLC lifted its holdings in shares of MicroStrategy by 3.2% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock valued at $324,000 after purchasing an additional 35 shares in the last quarter. Versant Capital Management Inc grew its position in shares of MicroStrategy by 38.2% in the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock valued at $41,000 after purchasing an additional 39 shares during the period. WR Wealth Planners LLC raised its holdings in MicroStrategy by 22.6% during the 4th quarter. WR Wealth Planners LLC now owns 260 shares of the software maker’s stock worth $75,000 after buying an additional 48 shares during the period. Finally, Sterling Investment Advisors Ltd. lifted its stake in MicroStrategy by 0.9% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 5,380 shares of the software maker’s stock valued at $1,558,000 after buying an additional 50 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

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.