MicroStrategy (NASDAQ:MSTR) Stock Price Down 3.8% - Here's What Happened

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report)'s stock price traded down 3.8% during mid-day trading on Monday . The company traded as low as $281.60 and last traded at $286.16. 5,476,818 shares changed hands during trading, a decline of 70% from the average session volume of 18,348,001 shares. The stock had previously closed at $297.49.

Analysts Set New Price Targets

A number of research analysts have weighed in on MSTR shares. Benchmark reissued a "buy" rating and issued a $650.00 target price on shares of MicroStrategy in a report on Tuesday, January 14th. Monness Crespi & Hardt started coverage on MicroStrategy in a report on Wednesday. They issued a "neutral" rating on the stock. Mizuho started coverage on MicroStrategy in a report on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 target price on the stock. Canaccord Genuity Group lowered their target price on MicroStrategy from $510.00 to $409.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Finally, Barclays lowered their target price on MicroStrategy from $515.00 to $421.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $536.90.

MicroStrategy Stock Up 0.6 %

The company's fifty day moving average price is $317.11 and its 200-day moving average price is $286.69. The stock has a market cap of $78.24 billion, a P/E ratio of -53.97 and a beta of 3.36. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71.

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MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) EPS 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 Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Riverview Trust Co purchased a new position in MicroStrategy during the 4th quarter valued at about $25,000. IAG Wealth Partners LLC purchased a new position in MicroStrategy during the 4th quarter valued at about $25,000. Quadrant Capital Group LLC increased its position in MicroStrategy by 855.6% during the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock valued at $25,000 after purchasing an additional 77 shares during the period. Dunhill Financial LLC purchased a new position in MicroStrategy during the 4th quarter valued at about $26,000. Finally, Sunbelt Securities Inc. increased its position in MicroStrategy by 900.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker's stock valued at $27,000 after purchasing an additional 144 shares during the period. 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.