MicroStrategy (NASDAQ:MSTR) Stock Price Down 2.4% – Here’s Why

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on MSTR shares. TD Cowen increased their target price on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Keefe, Bruyette & Woods initiated coverage on MicroStrategy in a research report on Friday, February 7th. They issued an “outperform” rating and a $560.00 price target for the company. Canaccord Genuity Group decreased their price target on MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Barclays decreased their price target on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Finally, Maxim Group increased their price objective on MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $536.90.

MicroStrategy Stock Performance

The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The firm has a market cap of $78.29 billion, a price-to-earnings ratio of -54.01 and a beta of 3.36. The stock has a fifty day moving average price of $318.18 and a 200 day moving average price of $285.38.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data 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 net margin of 251.73% and a negative return on equity of 19.01%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. National Bank of Canada FI grew its holdings in MicroStrategy by 746.2% in the 3rd quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock valued at $3,481,000 after buying an additional 18,207 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in MicroStrategy in the 4th quarter valued at approximately $81,783,000. B. Riley Wealth Advisors Inc. acquired a new stake in MicroStrategy in the 3rd quarter valued at approximately $254,000. Clarity Capital Partners LLC grew its holdings in MicroStrategy by 122.3% in the 4th quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker’s stock valued at $7,274,000 after buying an additional 13,817 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in MicroStrategy by 979.8% in the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock valued at $1,134,000 after buying an additional 6,104 shares during the last quarter. Institutional investors and hedge funds 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.