MicroStrategy (NASDAQ:MSTR) Stock Price Down 2.8% – Here’s Why

by · The Cerbat Gem

MicroStrategy Incorporated (NASDAQ:MSTR – Get Free Report) shares traded down 2.8% on Thursday . The stock traded as low as $317.22 and last traded at $331.70. 18,198,355 shares were traded during trading, a decline of 19% from the average session volume of 22,519,609 shares. The stock had previously closed at $341.42.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Benchmark restated a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a report on Monday. Sanford C. Bernstein restated an “outperform” rating and issued a $600.00 price target on shares of MicroStrategy in a research report on Thursday, December 12th. Barclays boosted their price objective on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Maxim Group raised their target price on shares of MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, BTIG Research upped their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $479.25.

Read Our Latest Research Report on MicroStrategy

MicroStrategy Price Performance

The stock has a market capitalization of $79.49 billion, a PE ratio of -157.43 and a beta of 3.25. The company’s 50 day simple moving average is $349.26 and its 200 day simple moving average is $224.56. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12.

MicroStrategy (NASDAQ:MSTR – Get Free Report) last released its earnings results on Wednesday, October 30th. The software maker reported ($1.56) EPS for the quarter, missing the consensus estimate of ($0.12) by ($1.44). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The business had revenue of $116.07 million during the quarter, compared to analyst estimates of $121.45 million. During the same quarter in the previous year, the company posted ($8.98) earnings per share. The business’s revenue for the quarter was down 10.3% compared to the same quarter last year.

Insider Activity at MicroStrategy

In other news, Director Stephen X. Graham sold 20,000 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total value of $9,027,200.00. Following the completion of the sale, the director now owns 6,970 shares of the company’s stock, valued at $3,145,979.20. This represents a 74.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Phong Le sold 1,252 shares of MicroStrategy stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $322.45, for a total transaction of $403,707.40. Following the transaction, the chief executive officer now owns 13,918 shares in the company, valued at $4,487,859.10. The trade was a 8.25 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 102,000 shares of company stock worth $32,259,177. 13.18% of the stock is owned by company insiders.

Institutional Investors Weigh In On MicroStrategy

Large investors have recently modified their holdings of the stock. Geode Capital Management LLC boosted its holdings in MicroStrategy by 990.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock worth $465,573,000 after acquiring an additional 2,512,645 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of MicroStrategy by 587.4% in 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in 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 purchasing an additional 579,994 shares in the last quarter. Swiss National Bank increased its stake in 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 buying an additional 421,600 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in MicroStrategy by 1,077.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 343,164 shares of the software maker’s stock valued at $57,857,000 after buying an additional 314,007 shares during the last quarter. Institutional investors and hedge funds own 59.84% of the company’s stock.

MicroStrategy Company Profile

(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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