MicroStrategy (NASDAQ:MSTR) Shares Gap Down to $1,507.26

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) gapped down prior to trading on Tuesday . The stock had previously closed at $1,507.26, but opened at $1,457.93. MicroStrategy shares last traded at $1,473.65, with a volume of 78,791 shares changing hands.

Analyst Ratings Changes

Several analysts have recently commented on MSTR shares. Canaccord Genuity Group increased their price target on shares of MicroStrategy from $1,590.00 to $2,047.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. BTIG Research increased their price target on shares of MicroStrategy from $780.00 to $1,800.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Sanford C. Bernstein upgraded shares of MicroStrategy to a “strong-buy” rating in a research report on Friday, June 14th. Benchmark restated a “buy” rating and set a $1,875.00 target price on shares of MicroStrategy in a research report on Thursday, April 25th. Finally, TD Cowen decreased their target price on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $2,012.40.

MicroStrategy Stock Performance

The company has a market cap of $26.07 billion, a price-to-earnings ratio of -219.32 and a beta of 3.08. The stock’s fifty day simple moving average is $1,427.15 and its two-hundred day simple moving average is $1,082.06. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.78 and a current ratio of 0.78.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings results on Monday, April 29th. The software maker reported ($8.26) earnings per share for the quarter. The company had revenue of $115.25 million during the quarter, compared to analyst estimates of $124.80 million. MicroStrategy had a negative net margin of 17.40% and a negative return on equity of 8.37%.

Insider Buying and Selling at MicroStrategy

In other news, Chairman Michael J. Saylor sold 809 shares of the firm’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $1,856.97, for a total value of $1,502,288.73. Following the transaction, the chairman now owns 2,660 shares of the company’s stock, valued at approximately $4,939,540.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 42,805 shares of company stock worth $62,977,536 in the last quarter. 13.18% of the stock is owned by insiders.

Hedge Funds Weigh In On MicroStrategy

A number of hedge funds have recently made changes to their positions in MSTR. Vanguard Group Inc. raised its stake in shares of MicroStrategy by 34.8% in the 1st quarter. Vanguard Group Inc. now owns 1,553,048 shares of the software maker’s stock valued at $2,647,263,000 after acquiring an additional 401,071 shares during the period. Capital International Investors increased its position in shares of MicroStrategy by 14.9% in the 1st quarter. Capital International Investors now owns 1,791,564 shares of the software maker’s stock worth $3,053,828,000 after purchasing an additional 232,667 shares during the last quarter. Norges Bank bought a new stake in shares of MicroStrategy in the 4th quarter worth about $70,990,000. Westfield Capital Management Co. LP bought a new stake in shares of MicroStrategy in the 1st quarter worth about $60,892,000. Finally, APEIRON CAPITAL Ltd bought a new stake in shares of MicroStrategy in the 1st quarter worth about $53,864,000. Hedge funds and other institutional investors own 72.03% of the company’s stock.

About MicroStrategy

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.