MicroStrategy (NASDAQ:MSTR) Shares Gap Down – What’s Next?

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) gapped down before the market opened on Tuesday . The stock had previously closed at $282.76, but opened at $268.10. MicroStrategy shares last traded at $253.32, with a volume of 4,675,132 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have commented on MSTR. Mizuho began coverage on MicroStrategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective on the stock. BTIG Research increased their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. 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 report on Thursday, February 6th. Finally, Benchmark reaffirmed a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from 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 quick ratio of 0.65 and a current ratio of 0.71. The stock has a market cap of $60.76 billion, a P/E ratio of -44.64 and a beta of 3.25. The stock has a fifty day simple moving average of $339.79 and a 200-day simple moving average of $270.04.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share 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 Trading of MicroStrategy

Several institutional investors and hedge funds have recently bought and sold shares of the business. Riverview Trust Co bought a new stake in shares of MicroStrategy during the 4th quarter worth about $25,000. IAG Wealth Partners LLC bought a new position in shares of MicroStrategy during the fourth quarter worth approximately $25,000. Quadrant Capital Group LLC lifted its holdings in MicroStrategy by 855.6% during the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock worth $25,000 after purchasing an additional 77 shares during the last quarter. Dunhill Financial LLC bought a new stake in MicroStrategy in the 4th quarter valued at $26,000. Finally, Capital Performance Advisors LLP acquired a new position in MicroStrategy in the 3rd quarter valued at $27,000. Institutional investors own 59.84% of the company’s stock.

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.