MicroStrategy (NASDAQ:MSTR) Stock Price Down 11.4% After Analyst Downgrade

MicroStrategy Incorporated (NASDAQ:MSTR) shares were down 11.4% on Tuesday after Canaccord Genuity Group lowered their price target on the stock from $1,810.00 to $1,590.00. Canaccord Genuity Group currently has a buy rating on the stock. MicroStrategy traded as low as $1,145.88 and last traded at $1,146.01. Approximately 516,590 shares changed hands during trading, a decline of 75% from the average daily volume of 2,105,026 shares. The stock had previously closed at $1,292.97.

A number of other equities research analysts have also recently commented on the stock. Benchmark reaffirmed a “buy” rating and issued a $1,875.00 price target on shares of MicroStrategy in a report on Thursday, April 25th. StockNews.com upgraded MicroStrategy to a “sell” rating in a research note on Monday, March 18th. BTIG Research increased their target price on MicroStrategy from $780.00 to $1,800.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Finally, TD Cowen decreased their price objective on MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 20th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,678.75.

Insider Transactions at MicroStrategy

In related news, Chairman Michael J. Saylor sold 5,000 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $513.83, for a total value of $2,569,150.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other MicroStrategy news, Chairman Michael J. Saylor sold 5,000 shares of MicroStrategy stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $513.83, for a total transaction of $2,569,150.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jarrod M. Patten sold 3,675 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $1,632.55, for a total transaction of $5,999,621.25. The disclosure for this sale can be found here. Insiders have sold 112,452 shares of company stock valued at $120,206,247 in the last quarter. Insiders own 13.18% of the company’s stock.

Hedge Funds Weigh In On MicroStrategy

Several institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC raised its holdings in MicroStrategy by 22.6% during the 3rd quarter. CWM LLC now owns 369 shares of the software maker’s stock valued at $121,000 after buying an additional 68 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of MicroStrategy by 12.3% in the third quarter. Commonwealth Equity Services LLC now owns 13,230 shares of the software maker’s stock worth $4,343,000 after purchasing an additional 1,454 shares during the last quarter. Pinnacle Associates Ltd. increased its holdings in MicroStrategy by 5.5% during the 3rd quarter. Pinnacle Associates Ltd. now owns 2,752 shares of the software maker’s stock valued at $903,000 after purchasing an additional 143 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in MicroStrategy by 3.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 2,674 shares of the software maker’s stock valued at $878,000 after purchasing an additional 99 shares during the last quarter. Finally, Stratos Wealth Partners LTD. lifted its holdings in MicroStrategy by 37.8% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 959 shares of the software maker’s stock worth $315,000 after buying an additional 263 shares during the period. 72.03% of the stock is currently owned by institutional investors.

MicroStrategy Stock Down 11.6 %

The company has a debt-to-equity ratio of 1.01, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market capitalization of $19.39 billion, a PE ratio of 41.73 and a beta of 2.89. The company has a 50 day moving average price of $1,363.08 and a 200-day moving average price of $820.38.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data on Tuesday, February 6th. The software maker reported $5.62 earnings per share (EPS) for the quarter. The business had revenue of $124.48 million for the quarter, compared to the consensus estimate of $134.90 million. MicroStrategy had a net margin of 86.47% and a return on equity of 42.81%.

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.