MicroStrategy (NASDAQ:MSTR) Shares Down 1.7% - Here's What Happened

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report)'s stock price traded down 1.7% on Friday . The stock traded as low as $265.30 and last traded at $277.47. 7,338,944 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 17,809,869 shares. The stock had previously closed at $282.28.

Analysts Set New Price Targets

• 3 No-Brainer Stock Buys for the Second Quarter

Several research analysts have commented on the stock. Sanford C. Bernstein reiterated an "outperform" rating and set a $600.00 price target on shares of MicroStrategy in a report on Thursday, December 12th. Cantor Fitzgerald increased their target price on MicroStrategy from $613.00 to $619.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Benchmark reaffirmed a "buy" rating and set a $650.00 price objective on shares of MicroStrategy in a research report on Tuesday, January 14th. Monness Crespi & Hardt lowered MicroStrategy from a "neutral" rating to a "sell" rating and set a $220.00 target price on the stock. in a research report on Tuesday, April 1st. Finally, Canaccord Genuity Group lowered their price target on MicroStrategy from $510.00 to $409.00 and set a "buy" rating for the company in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, MicroStrategy presently has an average rating of "Moderate Buy" and an average price target of $508.09.

Check Out Our Latest Stock Analysis on MSTR

MicroStrategy Trading Up 4.0 %

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The business's 50-day moving average price is $305.50 and its 200-day moving average price is $300.59. The firm has a market capitalization of $75.56 billion, a PE ratio of -52.12 and a beta of 3.36. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing analysts' consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

Insider Buying and Selling at MicroStrategy

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In other news, Director Leslie J. Rechan sold 15,000 shares of the firm's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total value of $5,038,500.00. Following the completion of the sale, the director now owns 4,970 shares in the company, valued at approximately $1,669,423. This trade represents a 75.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Wei-Ming Shao bought 500 shares of the stock in a transaction dated Thursday, March 20th. The stock was purchased at an average cost of $85.00 per share, for a total transaction of $42,500.00. Following the acquisition, the executive vice president now owns 500 shares of the company's stock, valued at approximately $42,500. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 8,000 shares of company stock valued at $680,000 and sold 22,998 shares valued at $7,671,926. 9.16% of the stock is owned by company insiders.

Hedge Funds Weigh In On MicroStrategy

Large investors have recently modified their holdings of the business. Riverview Trust Co acquired a new position in MicroStrategy during the fourth quarter worth $25,000. IAG Wealth Partners LLC purchased a new stake in shares of MicroStrategy during the 4th quarter worth $25,000. Quadrant Capital Group LLC grew its stake in shares of MicroStrategy by 855.6% during the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock worth $25,000 after purchasing an additional 77 shares during the period. Dunhill Financial LLC purchased a new position in shares of MicroStrategy in the 4th quarter valued at about $26,000. Finally, Sunbelt Securities Inc. lifted its stake in shares of MicroStrategy by 900.0% in the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker's stock valued at $27,000 after purchasing an additional 144 shares during the period. 59.84% of the stock is owned by hedge funds and other institutional investors.

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.

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