Shares of MicroStrategy Incorporated (NASDAQ:MSTR – Get Rating) traded down 5.7% on Monday after Jefferies Financial Group lowered their price target on the stock from $180.00 to $175.00. Jefferies Financial Group currently has an underperform rating on the stock. MicroStrategy traded as low as $260.59 and last traded at $263.99. 10,078 shares were traded during mid-day trading, a decline of 99% from the average session volume of 674,828 shares. The stock had previously closed at $279.99.
Separately, Canaccord Genuity Group decreased their price target on MicroStrategy from $453.00 to $372.00 in a research note on Thursday, August 4th.
Hedge Funds Weigh In On MicroStrategy
Institutional investors have recently made changes to their positions in the stock. Sterling Investment Advisors Ltd. increased its stake in MicroStrategy by 16.4% during the first quarter. Sterling Investment Advisors Ltd. now owns 248 shares of the software maker’s stock worth $121,000 after acquiring an additional 35 shares during the last quarter. Heritage Investors Management Corp boosted its position in shares of MicroStrategy by 1.1% in the second quarter. Heritage Investors Management Corp now owns 3,306 shares of the software maker’s stock worth $543,000 after buying an additional 37 shares during the period. Xponance Inc. boosted its position in shares of MicroStrategy by 11.8% in the first quarter. Xponance Inc. now owns 447 shares of the software maker’s stock worth $217,000 after buying an additional 47 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in shares of MicroStrategy by 100.0% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 100 shares of the software maker’s stock worth $49,000 after buying an additional 50 shares during the period. Finally, National Asset Management Inc. boosted its position in shares of MicroStrategy by 11.9% in the first quarter. National Asset Management Inc. now owns 509 shares of the software maker’s stock worth $248,000 after buying an additional 54 shares during the period. 55.50% of the stock is owned by institutional investors and hedge funds.
MicroStrategy Price Performance
The company has a 50-day moving average price of $230.57 and a two-hundred day moving average price of $251.66. The company has a debt-to-equity ratio of 2.74, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market cap of $3.01 billion, a PE ratio of -2.39 and a beta of 2.20.
MicroStrategy (NASDAQ:MSTR – Get Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The software maker reported ($92.81) EPS for the quarter, missing analysts’ consensus estimates of ($2.20) by ($90.61). The business had revenue of $122.07 million during the quarter, compared to analysts’ expectations of $121.90 million. MicroStrategy had a negative net margin of 261.81% and a negative return on equity of 233.94%. Sell-side analysts expect that MicroStrategy Incorporated will post -22.78 earnings per share for the current fiscal year.
About MicroStrategy
MicroStrategy Incorporated provides enterprise analytics software and services worldwide. It offers MicroStrategy, an enterprise platform, which provides a modern analytics experience by delivering insights across multiple devices to users via hyperintelligence products, visualization and reporting capabilities, mobility features, and custom applications developed on the platform; analysts and data scientists with seamless access to trusted, governed data directly within their tools; and APIs and gateways, multiple deployment options, enterprise semantic graph, scalability, and security.