MicroStrategy Incorporated (NASDAQ:MSTR – Get Free Report) shares fell 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 were traded during trading, a decline of 95% from the average session volume of 16,329,228 shares. The stock had previously closed at $141.47.
Several other equities research analysts have also recently commented on the company. Cantor Fitzgerald began coverage on MicroStrategy in a report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 target price on the stock. Barclays assumed coverage on MicroStrategy in a report on Friday, September 6th. They issued an “overweight” rating and a $146.00 price objective for the company. Sanford C. Bernstein upgraded shares of MicroStrategy to a “strong-buy” rating in a research report on Friday, June 14th. Benchmark raised their price objective on shares of MicroStrategy from $187.50 to $215.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Maxim Group boosted their target price on shares of MicroStrategy from $183.50 to $193.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $197.25.
Insider Buying and Selling
In other MicroStrategy news, EVP Wei-Ming Shao sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total value of $423,600.00. Following the transaction, the executive vice president now owns 6,460 shares in the company, valued at $912,152. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other MicroStrategy news, CEO Phong Le sold 48,838 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 12,670 shares of the company’s stock, valued at $1,715,518. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Wei-Ming Shao sold 3,000 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total value of $423,600.00. Following the transaction, the executive vice president now directly owns 6,460 shares in the company, valued at approximately $912,152. The disclosure for this sale can be found here. Over the last three months, insiders sold 101,838 shares of company stock worth $13,950,265. 13.18% of the stock is owned by company insiders.
Institutional Investors Weigh In On MicroStrategy
A number of large investors have recently added to or reduced their stakes in the stock. Capital International Investors lifted its stake in shares of MicroStrategy by 14.9% in the first quarter. Capital International Investors now owns 1,791,564 shares of the software maker’s stock worth $3,053,828,000 after buying an additional 232,667 shares during the last quarter. Vanguard Group Inc. lifted its position in MicroStrategy by 34.8% during the 1st quarter. Vanguard Group Inc. now owns 1,553,048 shares of the software maker’s stock worth $2,647,263,000 after acquiring an additional 401,071 shares during the last quarter. Norges Bank bought a new stake in MicroStrategy during the fourth quarter valued at about $70,990,000. Price T Rowe Associates Inc. MD grew its position in shares of MicroStrategy by 13.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 88,762 shares of the software maker’s stock valued at $151,301,000 after purchasing an additional 10,835 shares during the last quarter. Finally, Capital World Investors increased its stake in shares of MicroStrategy by 0.8% in the first quarter. Capital World Investors now owns 70,636 shares of the software maker’s stock worth $120,403,000 after purchasing an additional 536 shares during the period. Institutional investors own 72.03% of the company’s stock.
MicroStrategy Stock Down 4.9 %
The firm has a 50-day moving average of $142.12 and a two-hundred day moving average of $144.54. The firm has a market cap of $23.86 billion, a price-to-earnings ratio of -20.08 and a beta of 3.10. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.31.
MicroStrategy (NASDAQ:MSTR – Get Free Report) last issued its quarterly earnings results 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 business had revenue of $111.44 million for the quarter, compared to analyst estimates of $121.99 million. MicroStrategy had a negative return on equity of 14.72% and a negative net margin of 43.69%. The firm’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the firm 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.