MicroStrategy (NASDAQ:MSTR) Stock Price Down 1.1% Following Analyst Downgrade

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) were down 1.1% during trading on Tuesday after Barclays lowered their price target on the stock from $515.00 to $421.00. Barclays currently has an overweight rating on the stock. MicroStrategy traded as low as $329.05 and last traded at $331.01. Approximately 3,559,662 shares traded hands during trading, a decline of 79% from the average daily volume of 17,253,703 shares. The stock had previously closed at $334.62.

A number of other equities research analysts have also commented on MSTR. Maxim Group raised their price objective on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Benchmark reissued a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a research note on Tuesday, January 14th. Cantor Fitzgerald boosted their price target on MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Keefe, Bruyette & Woods started coverage on MicroStrategy in a report on Friday, February 7th. They set an “outperform” rating and a $560.00 price objective for the company. Finally, Canaccord Genuity Group cut their target price on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $536.90.

Insider Buying and Selling

In other MicroStrategy news, Director Stephen X. Graham sold 20,000 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the sale, the director now directly owns 6,970 shares of the company’s stock, valued at approximately $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 SEC, which is available through this hyperlink. 9.16% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. UMB Bank n.a. grew its holdings in MicroStrategy by 900.0% during the third quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock worth $25,000 after purchasing an additional 135 shares during the period. AlphaMark Advisors LLC boosted its holdings in shares of MicroStrategy by 2,900.0% during the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock worth $25,000 after acquiring an additional 145 shares during the period. Riverview Trust Co acquired a new position in shares of MicroStrategy in the fourth quarter valued at approximately $25,000. IAG Wealth Partners LLC acquired a new position in shares of MicroStrategy in the fourth quarter valued at approximately $25,000. Finally, Capital Performance Advisors LLP acquired a new stake in MicroStrategy during the 3rd quarter worth approximately $27,000. 59.84% of the stock is currently owned by institutional investors and hedge funds.

MicroStrategy Price 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 company has a 50 day moving average of $351.50 and a 200-day moving average of $259.45. The firm has a market capitalization of $78.32 billion, a P/E ratio of -58.02 and a beta of 3.25.

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

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.