MicroStrategy (NASDAQ:MSTR) Stock Price Down 0.8% – Here’s Why

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price fell 0.8% during mid-day trading on Friday . The company traded as low as $293.05 and last traded at $299.57. 3,525,114 shares were traded during trading, a decline of 80% from the average session volume of 18,025,276 shares. The stock had previously closed at $302.07.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on MSTR shares. Monness Crespi & Hardt initiated coverage on shares of MicroStrategy in a research report on Wednesday. They issued a “neutral” rating for the company. Compass Point upgraded MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Barclays lowered their price objective on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Cantor Fitzgerald lifted their price target on MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Canaccord Genuity Group cut their price objective on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $536.90.

MicroStrategy Trading Down 1.3 %

The business has a 50-day simple moving average of $317.59 and a 200-day simple moving average of $285.50. The company has a market cap of $76.73 billion, a PE ratio of -52.80 and a beta of 3.36. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39.

MicroStrategy (NASDAQ:MSTR) last posted its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing the consensus estimate 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

A number of hedge funds have recently added to or reduced their stakes in MSTR. Objective Capital Management LLC acquired a new stake in shares of MicroStrategy in the fourth quarter valued at $222,000. 111 Capital acquired a new position in shares of MicroStrategy during the fourth quarter worth about $907,000. NorthCrest Asset Manangement LLC purchased a new stake in shares of MicroStrategy during the fourth quarter worth approximately $354,000. Northstar Financial Companies Inc. acquired a new stake in MicroStrategy in the fourth quarter valued at approximately $217,000. Finally, Centaurus Financial Inc. lifted its stake in MicroStrategy by 146.0% in the fourth quarter. Centaurus Financial Inc. now owns 4,998 shares of the software maker’s stock worth $1,448,000 after acquiring an additional 2,966 shares during the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

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.