MicroStrategy (NASDAQ:MSTR) Stock Price Down 0.3% - Here's Why

Shares of MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) were down 0.3% on Wednesday . The company traded as low as $332.39 and last traded at $332.88. Approximately 2,797,082 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 16,284,830 shares. The stock had previously closed at $333.97.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on MSTR shares. Barclays decreased their target price on MicroStrategy from $515.00 to $421.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Benchmark restated a "buy" rating and set a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. Mizuho initiated coverage on MicroStrategy in a report on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 target price on the stock. Keefe, Bruyette & Woods assumed coverage on shares of MicroStrategy in a research report on Friday, February 7th. They issued an "outperform" rating and a $560.00 price target for the company. Finally, Canaccord Genuity Group lowered their price objective on shares of MicroStrategy from $510.00 to $409.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. One investment 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's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $536.90.

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 firm has a 50 day moving average price of $342.30 and a 200 day moving average price of $267.09. The stock has a market cap of $71.82 billion, a PE ratio of -53.20 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share 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 Investors Weigh In On MicroStrategy

A number of large investors have recently modified their holdings of the business. Riverview Trust Co acquired a new stake in shares of MicroStrategy during the 4th quarter worth approximately $25,000. IAG Wealth Partners LLC purchased a new position in MicroStrategy in the fourth quarter worth approximately $25,000. Quadrant Capital Group LLC increased its stake in MicroStrategy by 855.6% during the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock worth $25,000 after acquiring an additional 77 shares during the last quarter. Dunhill Financial LLC purchased a new stake in MicroStrategy in the fourth quarter valued at $26,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of MicroStrategy in the 3rd quarter valued at $27,000. Hedge funds and other institutional investors own 59.84% of the company's stock.

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.