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

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) traded 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. 3,559,662 shares were traded during trading, a decline of 79% from the average session volume of 17,253,703 shares. The stock had previously closed at $334.62.

A number of other research analysts have also recently weighed in on MSTR. Keefe, Bruyette & Woods assumed coverage on shares of MicroStrategy in a research report on Friday. They set an “outperform” rating and a $560.00 price target on the stock. Compass Point upgraded shares of MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. Benchmark reiterated a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a report on Tuesday, January 14th. BTIG Research upped their target price on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Mizuho started coverage on MicroStrategy in a report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $536.90.

Insider Buying and Selling

In other MicroStrategy news, Director Stephen X. Graham sold 20,000 shares of MicroStrategy stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total value of $9,027,200.00. Following the completion of the transaction, the director now owns 6,970 shares of the company’s stock, valued at $3,145,979.20. The trade was a 74.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Wei-Ming Shao sold 18,000 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the sale, the executive vice president now directly owns 6,460 shares in the company, valued at $2,377,344.60. This trade represents a 73.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,050 shares of company stock worth $16,314,110. Corporate insiders own 9.16% of the company’s stock.

Hedge Funds Weigh In On MicroStrategy

Several institutional investors have recently made changes to their positions in the stock. Maryland State Retirement & Pension System increased its position in MicroStrategy by 0.3% in the fourth quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker’s stock worth $2,604,000 after buying an additional 30 shares during the period. GPS Wealth Strategies Group LLC grew its position in shares of MicroStrategy by 3.2% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock worth $324,000 after acquiring an additional 35 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of MicroStrategy by 38.2% in the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock worth $41,000 after acquiring an additional 39 shares during the period. WR Wealth Planners LLC lifted its position in MicroStrategy by 22.6% in the 4th quarter. WR Wealth Planners LLC now owns 260 shares of the software maker’s stock valued at $75,000 after purchasing an additional 48 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. boosted its stake in MicroStrategy by 0.9% during the 4th quarter. Sterling Investment Advisors Ltd. now owns 5,380 shares of the software maker’s stock valued at $1,558,000 after purchasing an additional 50 shares during the period. 59.84% of the stock is owned by institutional investors.

MicroStrategy Trading Down 2.3 %

The firm’s 50-day simple moving average is $354.16 and its 200 day simple moving average is $257.96. The stock has a market cap of $78.32 billion, a P/E ratio of -58.18 and a beta of 3.25. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

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.