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

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report)'s stock price dropped 3% during mid-day trading on Monday . The stock traded as low as $303.80 and last traded at $318.12. Approximately 6,773,614 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 19,313,344 shares. The stock had previously closed at $327.91.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Maxim Group boosted their target price on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Sanford C. Bernstein reissued an "outperform" rating and set a $600.00 price objective on shares of MicroStrategy in a report on Thursday, December 12th. Canaccord Genuity Group upped their target price on shares of MicroStrategy from $300.00 to $510.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. BTIG Research lifted their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Finally, Barclays upped their price target on MicroStrategy from $275.00 to $515.00 and gave the stock an "overweight" rating in a report on Monday, November 25th. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, MicroStrategy currently has a consensus rating of "Moderate Buy" and a consensus price target of $479.25.

MicroStrategy Price Performance

The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. The company has a 50-day moving average of $357.37 and a 200-day moving average of $230.42. The stock has a market capitalization of $86.42 billion, a price-to-earnings ratio of -171.15 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($1.44). The company had revenue of $116.07 million during the quarter, compared to analyst estimates of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The business's revenue was down 10.3% compared to the same quarter last year. During the same period last year, the firm earned ($8.98) earnings per share.

Insider Transactions at MicroStrategy

In other MicroStrategy news, Director Stephen X. Graham sold 20,000 shares of MicroStrategy stock in a transaction dated Thursday, November 21st. The stock was 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 owns 6,970 shares in the company, valued at $3,145,979.20. The trade was a 74.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Andrew Kang sold 5,700 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total transaction of $1,465,755.00. Following the transaction, the chief financial officer now owns 12,080 shares in the company, valued at approximately $3,106,372. The trade was a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,000 shares of company stock worth $32,259,177 over the last ninety days. 13.18% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On MicroStrategy

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC grew its holdings in shares of MicroStrategy by 990.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker's stock worth $465,573,000 after purchasing an additional 2,512,645 shares during the period. Charles Schwab Investment Management Inc. lifted its position in MicroStrategy by 587.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker's stock valued at $111,994,000 after buying an additional 567,628 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in MicroStrategy by 971.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker's stock worth $107,855,000 after buying an additional 579,994 shares during the period. Swiss National Bank increased its position in shares of MicroStrategy by 904.7% in the third quarter. Swiss National Bank now owns 468,200 shares of the software maker's stock worth $78,939,000 after acquiring an additional 421,600 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of MicroStrategy by 1,077.0% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 343,164 shares of the software maker's stock worth $57,857,000 after acquiring an additional 314,007 shares in the last quarter. Institutional investors and hedge funds 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.