MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report)'s stock price fell 3.6% on Monday . The company traded as low as $337.60 and last traded at $341.05. 7,030,173 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 19,820,551 shares. The stock had previously closed at $353.67.
A number of research firms recently issued reports on MSTR. Benchmark reaffirmed a "buy" rating and issued a $650.00 price target on shares of MicroStrategy in a report on Tuesday, January 14th. Barclays upped their target price on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an "overweight" rating in a research report on Monday, November 25th. Sanford C. Bernstein reissued an "outperform" rating and set a $600.00 price target on shares of MicroStrategy in a research note on Thursday, December 12th. BTIG Research boosted their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Finally, Maxim Group increased their price objective on MicroStrategy from $193.00 to $270.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $479.25.
Check Out Our Latest Stock Report on MSTR
The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market capitalization of $78.60 billion, a price-to-earnings ratio of -156.38 and a beta of 3.25. The company has a 50-day moving average price of $367.79 and a 200-day moving average price of $244.27.
MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its earnings results on Wednesday, October 30th. The software maker reported ($1.56) EPS for the quarter, missing the consensus estimate of ($0.12) by ($1.44). The firm had revenue of $116.07 million during the quarter, compared to the consensus estimate of $121.45 million. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The firm's revenue for the quarter was down 10.3% on a year-over-year basis. During the same period in the previous year, the company posted ($8.98) EPS.
In other MicroStrategy news, Director Stephen X. Graham sold 20,000 shares of MicroStrategy stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total value of $9,027,200.00. Following the transaction, the director now owns 6,970 shares of the company's stock, valued at approximately $3,145,979.20. The trade was a 74.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Jeanine Montgomery sold 56,250 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the sale, the chief accounting officer now owns 5,670 shares in the company, valued at approximately $1,459,514.70. The trade was a 90.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 102,000 shares of company stock worth $32,259,177. Corporate insiders own 9.16% of the company's stock.
Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its stake in MicroStrategy by 990.6% during the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker's stock worth $465,573,000 after purchasing an additional 2,512,645 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of MicroStrategy by 971.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker's stock valued at $107,855,000 after purchasing an additional 579,994 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of MicroStrategy by 587.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker's stock valued at $111,994,000 after purchasing an additional 567,628 shares during the last quarter. Swiss National Bank increased its position in MicroStrategy by 904.7% during the 3rd quarter. Swiss National Bank now owns 468,200 shares of the software maker's stock worth $78,939,000 after purchasing an additional 421,600 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in MicroStrategy by 1,077.0% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 343,164 shares of the software maker's stock valued at $57,857,000 after buying an additional 314,007 shares in the last quarter. 59.84% of the stock is owned by institutional investors.
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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