MicroStrategy (NASDAQ:MSTR) Stock Price Down 3% - What's Next?

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) fell 3% during mid-day trading on Tuesday . The company traded as low as $237.01 and last traded at $243.32. 7,311,189 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 19,108,202 shares. The stock had previously closed at $250.92.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MSTR. BTIG Research boosted their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Maxim Group increased their target price on shares of MicroStrategy from $480.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Benchmark reaffirmed a "buy" rating and set a $650.00 price target on shares of MicroStrategy in a research report on Tuesday, January 14th. Compass Point raised MicroStrategy to a "strong-buy" rating in a research report on Wednesday, January 29th. Finally, Sanford C. Bernstein reissued an "outperform" rating and issued a $600.00 price objective on shares of MicroStrategy in a research note on Thursday, December 12th. One investment 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 stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $536.90.

MicroStrategy Trading Up 2.2 %

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 firm has a fifty day simple moving average of $328.15 and a 200-day simple moving average of $275.23. The firm has a market cap of $72.39 billion, a P/E ratio of -49.93 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) 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%.

Institutional Investors Weigh In On MicroStrategy

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC boosted its stake in MicroStrategy by 820.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 359 shares of the software maker's stock valued at $61,000 after purchasing an additional 320 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of MicroStrategy by 139.2% during the third quarter. Nisa Investment Advisors LLC now owns 3,970 shares of the software maker's stock valued at $669,000 after buying an additional 2,310 shares during the last quarter. US Bancorp DE grew its holdings in MicroStrategy by 782.8% during the third quarter. US Bancorp DE now owns 4,255 shares of the software maker's stock worth $717,000 after buying an additional 3,773 shares in the last quarter. Creative Financial Designs Inc. ADV raised its position in MicroStrategy by 1,614.3% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 360 shares of the software maker's stock valued at $61,000 after buying an additional 339 shares during the last quarter. Finally, New York State Common Retirement Fund raised its position in MicroStrategy by 828.6% in the 3rd quarter. New York State Common Retirement Fund now owns 86,850 shares of the software maker's stock valued at $14,643,000 after buying an additional 77,497 shares during the last quarter. 59.84% of the stock is owned by institutional investors.

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.