MicroStrategy (NASDAQ:MSTR) Shares Down 3% – Here’s What Happened

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) fell 3% during mid-day trading on Tuesday . The company traded as low as $237.01 and last traded at $243.32. 7,311,189 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 19,108,202 shares. The stock had previously closed at $250.92.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MSTR. Sanford C. Bernstein reiterated an “outperform” rating and set a $600.00 price target on shares of MicroStrategy in a report on Thursday, December 12th. Cantor Fitzgerald boosted their target price 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. 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 research note on Monday, February 10th. TD Cowen upped their price objective on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Finally, Compass Point raised MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $536.90.

MicroStrategy Stock 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 company has a market cap of $70.81 billion, a PE ratio of -48.85 and a beta of 3.25. The business has a 50-day moving average of $329.82 and a 200 day moving average of $274.23.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly 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

Several hedge funds and other institutional investors have recently modified their holdings of MSTR. Quadrant Capital Group LLC increased its stake in MicroStrategy by 855.6% in the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock worth $25,000 after buying an additional 77 shares during the period. Riverview Trust Co bought a new stake in shares of MicroStrategy during the fourth quarter valued at approximately $25,000. IAG Wealth Partners LLC purchased a new stake in shares of MicroStrategy in the fourth quarter valued at approximately $25,000. Dunhill Financial LLC purchased a new stake in shares of MicroStrategy in the fourth quarter valued at approximately $26,000. Finally, Safe Harbor Fiduciary LLC grew its stake in MicroStrategy by 820.0% in the fourth quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker’s stock worth $27,000 after purchasing 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

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.