MicroStrategy (NASDAQ:MSTR) Shares Down 2.4% - Here's Why

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report)'s stock price was down 2.4% during trading on Tuesday . The stock traded as low as $272.50 and last traded at $287.13. Approximately 6,479,227 shares changed hands during trading, a decline of 65% from the average daily volume of 18,330,978 shares. The stock had previously closed at $294.27.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MSTR. Monness Crespi & Hardt initiated coverage on shares of MicroStrategy in a research note on Wednesday. They issued a "neutral" rating for the company. Benchmark restated a "buy" rating and set a $650.00 price target on shares of MicroStrategy in a research note on Tuesday, January 14th. Compass Point upgraded MicroStrategy to a "strong-buy" rating in a research note on Wednesday, January 29th. BTIG Research lifted their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Finally, Canaccord Genuity Group decreased their price target on shares of MicroStrategy from $510.00 to $409.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $536.90.

MicroStrategy Stock Up 0.6 %

The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $78.24 billion, a PE ratio of -53.97 and a beta of 3.36. The firm's fifty day moving average is $317.59 and its 200-day moving average is $285.50.

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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

Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its stake in shares of MicroStrategy by 990.6% in the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker's stock valued at $465,573,000 after purchasing an additional 2,512,645 shares during the period. Norges Bank acquired a new stake in shares of MicroStrategy during the 4th quarter valued at approximately $523,981,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of MicroStrategy by 971.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker's stock valued at $107,855,000 after acquiring an additional 579,994 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of MicroStrategy by 587.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker's stock worth $111,994,000 after acquiring an additional 567,628 shares in the last quarter. Finally, Amundi grew its holdings in shares of MicroStrategy by 262.8% in the 4th quarter. Amundi now owns 570,217 shares of the software maker's stock worth $165,146,000 after acquiring an additional 413,028 shares during the period. 59.84% of the stock is currently owned by hedge funds and other 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.