MicroStrategy (NASDAQ:MSTR) Shares Gap Down to $1,447.99

MicroStrategy Incorporated (NASDAQ:MSTR)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $1,447.99, but opened at $1,051.65. MicroStrategy shares last traded at $1,198.01, with a volume of 729,078 shares trading hands.

Analysts Set New Price Targets

MSTR has been the topic of a number of recent analyst reports. Canaccord Genuity Group lowered their target price on MicroStrategy from $2,047.00 to $1,826.00 and set a “buy” rating on the stock in a research note on Monday, June 24th. Sanford C. Bernstein upgraded shares of MicroStrategy to a “strong-buy” rating in a research note on Friday, June 14th. Maxim Group raised their price target on shares of MicroStrategy from $1,835.00 to $1,930.00 and gave the stock a “buy” rating in a research note on Friday. Benchmark upped their price objective on MicroStrategy from $1,875.00 to $2,150.00 and gave the company a “buy” rating in a research note on Friday. Finally, TD Cowen raised their target price on MicroStrategy from $1,450.00 to $1,880.00 and gave the stock a “buy” rating in a research report on Friday, June 21st. One research analyst has rated the stock with a sell rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, MicroStrategy currently has a consensus rating of “Moderate Buy” and an average price target of $2,079.33.

MicroStrategy Trading Down 9.6 %

The firm has a 50-day simple moving average of $1,529.24 and a 200-day simple moving average of $1,291.87. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.48. The stock has a market cap of $23.21 billion, a PE ratio of -191.04 and a beta of 3.11.

MicroStrategy’s stock is scheduled to split on Thursday, August 8th. The 10-1 split was announced on Thursday, August 8th. The newly minted shares will be payable to shareholders after the market closes on Thursday, August 8th.

MicroStrategy (NASDAQ:MSTR) last issued its earnings results on Thursday, August 1st. The software maker reported ($5.74) EPS for the quarter, missing the consensus estimate of ($0.93) by ($4.81). MicroStrategy had a negative return on equity of 16.83% and a negative net margin of 43.69%. The company had revenue of $111.44 million during the quarter, compared to the consensus estimate of $121.99 million. During the same quarter in the prior year, the business earned $1.52 EPS. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year.

Institutional Trading of MicroStrategy

Hedge funds and other institutional investors have recently bought and sold shares of the company. ST Germain D J Co. Inc. bought a new position in shares of MicroStrategy in the first quarter worth $29,000. Principal Securities Inc. purchased a new position in MicroStrategy in the fourth quarter worth $31,000. Harvest Fund Management Co. Ltd increased its stake in MicroStrategy by 307.7% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 53 shares of the software maker’s stock valued at $33,000 after acquiring an additional 40 shares during the last quarter. Rise Advisors LLC raised its position in MicroStrategy by 233.3% during the first quarter. Rise Advisors LLC now owns 20 shares of the software maker’s stock valued at $34,000 after purchasing an additional 14 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in MicroStrategy during the second quarter worth about $37,000. 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.