MicroStrategy (NASDAQ:MSTR) Shares Gap Down to $1,507.26

MicroStrategy Incorporated (NASDAQ:MSTR) gapped down before the market opened on Tuesday . The stock had previously closed at $1,507.26, but opened at $1,457.93. MicroStrategy shares last traded at $1,473.65, with a volume of 78,791 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MSTR. BTIG Research lifted their price objective on MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Sanford C. Bernstein upgraded MicroStrategy to a “strong-buy” rating in a report on Friday, June 14th. TD Cowen lowered their price objective on MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating on the stock in a report on Wednesday, March 20th. Canaccord Genuity Group boosted their target price on MicroStrategy from $1,590.00 to $2,047.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Finally, StockNews.com upgraded MicroStrategy to a “sell” rating in a report on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $2,012.40.

MicroStrategy Trading Down 2.5 %

The firm has a market capitalization of $26.07 billion, a price-to-earnings ratio of -219.32 and a beta of 3.08. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.48. The company has a fifty day moving average price of $1,427.15 and a two-hundred day moving average price of $1,082.06.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Monday, April 29th. The software maker reported ($8.26) EPS for the quarter. The firm had revenue of $115.25 million for the quarter, compared to analysts’ expectations of $124.80 million. MicroStrategy had a negative net margin of 17.40% and a negative return on equity of 8.37%.

Insider Activity

In other news, Chairman Michael J. Saylor sold 1,140 shares of MicroStrategy stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $1,951.33, for a total transaction of $2,224,516.20. Following the sale, the chairman now owns 1,140 shares of the company’s stock, valued at approximately $2,224,516.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 42,805 shares of company stock valued at $62,977,536. 13.18% of the stock is currently owned by company insiders.

Institutional Trading of MicroStrategy

Institutional investors have recently made changes to their positions in the company. ST Germain D J Co. Inc. purchased a new stake in MicroStrategy in the first quarter valued at approximately $29,000. Principal Securities Inc. purchased a new stake in MicroStrategy in the fourth quarter valued at approximately $31,000. Harvest Fund Management Co. Ltd raised its position in MicroStrategy by 307.7% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 53 shares of the software maker’s stock valued at $33,000 after purchasing an additional 40 shares during the period. Rise Advisors LLC raised its position in MicroStrategy by 233.3% in the first quarter. Rise Advisors LLC now owns 20 shares of the software maker’s stock valued at $34,000 after purchasing an additional 14 shares during the period. Finally, Signaturefd LLC raised its position in MicroStrategy by 85.3% in the fourth quarter. Signaturefd LLC now owns 63 shares of the software maker’s stock valued at $40,000 after purchasing an additional 29 shares during the period. Hedge funds and other institutional investors own 72.03% of the company’s stock.

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.