MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) traded down 3.6% on Wednesday . The stock traded as low as $250.38 and last traded at $251.13. 5,262,907 shares traded hands during trading, a decline of 72% from the average session volume of 18,738,690 shares. The stock had previously closed at $260.59.
Analysts Set New Price Targets
Several research firms have recently issued reports on MSTR. Keefe, Bruyette & Woods assumed coverage on MicroStrategy in a research note on Friday, February 7th. They set an "outperform" rating and a $560.00 price target for the company. Compass Point upgraded MicroStrategy to a "strong-buy" rating in a research note on Wednesday, January 29th. Cantor Fitzgerald boosted their price objective on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Benchmark reissued a "buy" rating and issued a $650.00 price target on shares of MicroStrategy in a report on Tuesday, January 14th. Finally, Maxim Group lifted their target price on shares of MicroStrategy from $480.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $536.90.
Check Out Our Latest Analysis on MSTR
MicroStrategy Stock Up 0.7 %
The firm has a market cap of $67.50 billion, a price-to-earnings ratio of -46.43 and a beta of 3.36. 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 firm has a 50 day moving average price of $323.71 and a 200-day moving average price of $280.20.
MicroStrategy (NASDAQ:MSTR - Get Free Report) last released its earnings results on Wednesday, February 5th. The software maker reported ($3.20) 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
Large investors have recently modified their holdings of the business. Geode Capital Management LLC grew its holdings in shares of MicroStrategy by 990.6% during the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker's stock worth $465,573,000 after buying an additional 2,512,645 shares in the last quarter. Norges Bank acquired a new position in shares of MicroStrategy during the 4th quarter worth about $523,981,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of MicroStrategy by 971.3% in 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 in the last quarter. Charles Schwab Investment Management Inc. boosted 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 purchasing an additional 567,628 shares during the last quarter. Finally, Swiss National Bank increased its position in shares of MicroStrategy by 904.7% during the 3rd quarter. Swiss National Bank now owns 468,200 shares of the software maker's stock worth $78,939,000 after purchasing an additional 421,600 shares during the last quarter. 59.84% of the stock is currently owned by 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.
Further Reading
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