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

MicroStrategy Incorporated (NASDAQ:MSTR)’s stock price was down 1.1% during 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 mid-day 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 have also issued reports about the company. Canaccord Genuity Group reduced their target price on MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Keefe, Bruyette & Woods started coverage on shares of MicroStrategy in a research note on Friday, February 7th. They issued an “outperform” rating and a $560.00 price objective for the company. Benchmark restated a “buy” rating and set a $650.00 target price on shares of MicroStrategy in a research note on Tuesday, January 14th. Maxim Group raised 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, Cantor Fitzgerald upped their target price on shares of MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $536.90.

Insider Activity

In other MicroStrategy news, Director Stephen X. Graham sold 20,000 shares of the stock in a transaction dated 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 owns 6,970 shares of the company’s stock, valued at $3,145,979.20. This represents a 74.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 9.16% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Thoroughbred Financial Services LLC bought a new position in shares of MicroStrategy in the 4th quarter worth $293,000. Selway Asset Management bought a new stake in shares of MicroStrategy in the 4th quarter valued at about $869,000. World Investment Advisors acquired a new stake in shares of MicroStrategy in the 4th quarter valued at approximately $1,766,000. Huntington National Bank boosted its stake in MicroStrategy by 130.8% during the 4th quarter. Huntington National Bank now owns 120 shares of the software maker’s stock worth $35,000 after acquiring an additional 68 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in MicroStrategy by 10.2% during the 4th quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker’s stock worth $881,470,000 after acquiring an additional 281,342 shares during the last quarter. 59.84% of the stock is currently owned by institutional investors.

MicroStrategy Stock Performance

The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The stock has a market cap of $78.32 billion, a price-to-earnings ratio of -58.02 and a beta of 3.25. The stock’s fifty day moving average is $351.50 and its 200-day moving average is $259.45.

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

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.