Shares of MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) traded down 1.3% during mid-day trading on Thursday . The company traded as low as $321.18 and last traded at $322.72. 2,783,808 shares changed hands during trading, a decline of 83% from the average session volume of 16,796,914 shares. The stock had previously closed at $326.82.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the company. Compass Point raised MicroStrategy to a "strong-buy" rating in a research note on Wednesday, January 29th. Benchmark restated a "buy" rating and set a $650.00 price objective on shares of MicroStrategy in a research report on Tuesday, January 14th. TD Cowen boosted their target price on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a "buy" rating in a research note on Monday, November 25th. Cantor Fitzgerald raised their price target on shares of MicroStrategy from $613.00 to $619.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Finally, Barclays cut their price objective on MicroStrategy from $515.00 to $421.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $536.90.
Check Out Our Latest Report on MicroStrategy
MicroStrategy Price Performance
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 stock has a 50 day simple moving average of $347.70 and a two-hundred day simple moving average of $265.13. The company has a market cap of $80.04 billion, a price-to-earnings ratio of -59.29 and a beta of 3.25.
MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly 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%.
Insider Transactions at MicroStrategy
In related news, Director Stephen X. Graham sold 20,000 shares of the firm's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 9.16% of the company's stock.
Hedge Funds Weigh In On MicroStrategy
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Riverview Trust Co purchased a new position in MicroStrategy in the fourth quarter valued at $25,000. IAG Wealth Partners LLC acquired a new stake in MicroStrategy in the 4th quarter valued at about $25,000. Quadrant Capital Group LLC boosted its stake in shares of MicroStrategy by 855.6% in the 4th 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 period. Dunhill Financial LLC acquired a new position in shares of MicroStrategy during the fourth quarter worth about $26,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of MicroStrategy during the third quarter worth approximately $27,000. Hedge funds and other institutional investors own 59.84% of the company's stock.
About MicroStrategy
(
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.
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