MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report)'s share price fell 4.6% during trading on Monday . The company traded as low as $276.39 and last traded at $285.91. 7,095,551 shares were traded during mid-day trading, a decline of 57% from the average session volume of 16,345,793 shares. The stock had previously closed at $299.69.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on MSTR. Canaccord Genuity Group dropped their price target on MicroStrategy from $510.00 to $409.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Sanford C. Bernstein reissued an "outperform" rating and set a $600.00 target price on shares of MicroStrategy in a research report on Thursday, December 12th. Barclays decreased their price target on shares of MicroStrategy from $515.00 to $421.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Maxim Group increased their price objective on MicroStrategy from $480.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Finally, Benchmark reiterated a "buy" rating and set a $650.00 price objective on shares of MicroStrategy in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $536.90.
Get Our Latest Stock Analysis on MSTR
MicroStrategy Stock Performance
The stock has a market cap of $63.09 billion, a price-to-earnings ratio of -46.74 and a beta of 3.25. The firm's 50-day moving average is $337.07 and its two-hundred day moving average is $270.85. 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 released 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 net margin of 251.73% and a negative return on equity of 19.01%.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC lifted its position in MicroStrategy by 855.6% in the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock valued at $25,000 after buying an additional 77 shares during the last quarter. Riverview Trust Co purchased a new position in shares of MicroStrategy during the 4th quarter worth approximately $25,000. IAG Wealth Partners LLC acquired a new stake in MicroStrategy in the 4th quarter valued at approximately $25,000. Dunhill Financial LLC acquired a new position in MicroStrategy during the fourth quarter worth $26,000. Finally, Safe Harbor Fiduciary LLC grew its stake in shares of MicroStrategy by 820.0% in the fourth quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker's stock valued at $27,000 after buying an additional 82 shares in the last quarter. 59.84% of the stock is currently owned by hedge funds and other institutional investors.
MicroStrategy Company Profile
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Get Free Report)
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.
See Also
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