MicroStrategy (NASDAQ:MSTR) Shares Down 4.8% Following Analyst Downgrade

MicroStrategy Incorporated (NASDAQ:MSTR)’s stock price traded down 4.8% during mid-day trading on Monday after Canaccord Genuity Group lowered their price target on the stock from $185.00 to $173.00. Canaccord Genuity Group currently has a buy rating on the stock. MicroStrategy traded as low as $133.44 and last traded at $134.67. 816,202 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 16,329,228 shares. The stock had previously closed at $141.47.

A number of other research analysts have also weighed in on MSTR. Benchmark increased their price target on MicroStrategy from $187.50 to $215.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Barclays assumed coverage on MicroStrategy in a research note on Friday, September 6th. They issued an “overweight” rating and a $146.00 price target on the stock. Cantor Fitzgerald began coverage on shares of MicroStrategy in a research note on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price objective for the company. TD Cowen raised their target price on shares of MicroStrategy from $145.00 to $188.00 and gave the stock a “buy” rating in a research report on Friday, June 21st. Finally, Sanford C. Bernstein raised shares of MicroStrategy to a “strong-buy” rating in a research report on Friday, June 14th. One analyst has rated the stock with a sell rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $197.25.

Insider Buying and Selling at MicroStrategy

In related news, CEO Phong Le sold 48,838 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $135.40, for a total transaction of $6,612,665.20. Following the completion of the sale, the chief executive officer now directly owns 12,670 shares of the company’s stock, valued at approximately $1,715,518. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other MicroStrategy news, CEO Phong Le sold 48,838 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $135.40, for a total value of $6,612,665.20. Following the completion of the transaction, the chief executive officer now owns 12,670 shares in the company, valued at approximately $1,715,518. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Wei-Ming Shao sold 3,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total transaction of $423,600.00. Following the transaction, the executive vice president now directly owns 6,460 shares in the company, valued at $912,152. The disclosure for this sale can be found here. Insiders have sold a total of 101,838 shares of company stock valued at $13,950,265 over the last ninety days. Corporate insiders own 13.18% of the company’s stock.

Institutional Trading of MicroStrategy

Large investors have recently modified their holdings of the business. ST Germain D J Co. Inc. acquired a new position in shares of MicroStrategy in the 1st quarter valued at approximately $29,000. Principal Securities Inc. acquired a new stake in shares of MicroStrategy during the fourth quarter worth $31,000. Rise Advisors LLC lifted its position in shares of MicroStrategy by 233.3% in the 1st quarter. Rise Advisors LLC now owns 20 shares of the software maker’s stock worth $34,000 after buying an additional 14 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of MicroStrategy in the 2nd quarter valued at about $37,000. Finally, GAMMA Investing LLC raised its stake in MicroStrategy by 36.4% during the second quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock worth $41,000 after acquiring an additional 8 shares during the period. 72.03% of the stock is currently owned by institutional investors and hedge funds.

MicroStrategy Stock Down 4.9 %

The company has a debt-to-equity ratio of 1.31, a current ratio of 0.47 and a quick ratio of 0.47. The stock’s fifty day simple moving average is $142.12 and its 200-day simple moving average is $144.54. The stock has a market cap of $23.86 billion, a P/E ratio of -20.08 and a beta of 3.10.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data on Thursday, August 1st. The software maker reported ($0.57) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.48). The company had revenue of $111.44 million for the quarter, compared to the consensus estimate of $121.99 million. MicroStrategy had a negative return on equity of 14.72% and a negative net margin of 43.69%. MicroStrategy’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.15 earnings per share.

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.