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

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report)'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.

A number of other research analysts have also commented on the company. Canaccord Genuity Group decreased their price objective on MicroStrategy from $510.00 to $409.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Compass Point upgraded shares of MicroStrategy to a "strong-buy" rating in a research note on Wednesday, January 29th. Mizuho started coverage on shares of MicroStrategy in a research note on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 price objective for the company. BTIG Research increased their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating and set a $600.00 target price on shares of MicroStrategy in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $536.90.

Insider Transactions at MicroStrategy

In related news, CAO Jeanine Montgomery sold 752 shares of the company's 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 in the company, valued at $2,069,484.10. This represents a 10.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen X. Graham sold 20,000 shares of the firm's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $451.36, for a total value of $9,027,200.00. Following the completion of the sale, the director now directly owns 6,970 shares in the company, valued at $3,145,979.20. This trade represents a 74.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,050 shares of company stock valued at $9,689,930. Company insiders own 9.16% of the company's stock.

Institutional Investors Weigh In On MicroStrategy

Hedge funds and other institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. raised its position in MicroStrategy by 900.0% in the third quarter. UMB Bank n.a. now owns 150 shares of the software maker's stock valued at $25,000 after purchasing an additional 135 shares during the last quarter. AlphaMark Advisors LLC increased its stake in shares of MicroStrategy by 2,900.0% in the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker's stock valued at $25,000 after buying an additional 145 shares during the period. Riverview Trust Co bought a new position in MicroStrategy in the 4th quarter valued at approximately $25,000. IAG Wealth Partners LLC acquired a new stake in MicroStrategy during the 4th quarter worth approximately $25,000. Finally, Capital Performance Advisors LLP bought a new stake in MicroStrategy during the 3rd quarter worth approximately $27,000. 59.84% of the stock is owned by institutional investors.

MicroStrategy Stock Performance

The company's 50-day simple moving average is $353.08 and its 200-day simple moving average is $258.97. The stock has a market capitalization of $78.32 billion, a price-to-earnings ratio of -58.02 and a beta of 3.25. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings data 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%.

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.