MicroStrategy (NASDAQ:MSTR) Trading Down 10.2% – What’s Next?

MicroStrategy Incorporated (NASDAQ:MSTR)’s stock price traded down 10.2% during mid-day trading on Tuesday . The company traded as low as $247.67 and last traded at $253.83. Approximately 12,147,662 shares changed hands during mid-day trading, a decline of 26% from the average daily volume of 16,507,139 shares. The stock had previously closed at $282.76.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MSTR. Cantor Fitzgerald upped their price target on MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Mizuho initiated coverage on shares of MicroStrategy in a report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price objective on the stock. Keefe, Bruyette & Woods assumed coverage on shares of MicroStrategy in a research report on Friday, February 7th. They set an “outperform” rating and a $560.00 target price for the company. Compass Point raised shares of MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Finally, TD Cowen upped their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, MicroStrategy currently has an average rating of “Moderate Buy” and an average target price of $536.90.

MicroStrategy Stock Down 11.3 %

The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The stock has a 50-day moving average of $339.79 and a two-hundred day moving average of $270.04. The company has a market cap of $60.08 billion, a P/E ratio of -44.32 and a beta of 3.25.

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

Several large investors have recently added to or reduced their stakes in MSTR. Garde Capital Inc. purchased a new stake in shares of MicroStrategy in the 4th quarter worth about $145,000. Vermillion Wealth Management Inc. bought a new position in MicroStrategy in the fourth quarter worth about $54,000. Mackenzie Financial Corp lifted its holdings in MicroStrategy by 72.1% in the fourth quarter. Mackenzie Financial Corp now owns 13,460 shares of the software maker’s stock worth $3,898,000 after buying an additional 5,639 shares during the period. Toronto Dominion Bank boosted its position in MicroStrategy by 55.0% during the 4th quarter. Toronto Dominion Bank now owns 30,706 shares of the software maker’s stock valued at $8,892,000 after acquiring an additional 10,897 shares in the last quarter. Finally, Blue Sky Capital Consultants Group Inc. purchased a new position in shares of MicroStrategy during the 4th quarter worth approximately $2,225,000. Institutional investors own 59.84% 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.