MicroStrategy (NASDAQ:MSTR) Shares Gap Down - What's Next?

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $358.18, but opened at $350.31. MicroStrategy shares last traded at $343.79, with a volume of 2,459,284 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on MSTR shares. Barclays increased their target price on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an "overweight" rating in a research note on Monday, November 25th. TD Cowen boosted their price objective on MicroStrategy from $392.00 to $525.00 and gave the company a "buy" rating in a research report on Monday, November 25th. Maxim Group increased their target price on MicroStrategy from $193.00 to $270.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Sanford C. Bernstein reissued an "outperform" rating and issued a $600.00 price target on shares of MicroStrategy in a research note on Thursday, December 12th. Finally, Benchmark upped their price objective on shares of MicroStrategy from $450.00 to $650.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, MicroStrategy has a consensus rating of "Moderate Buy" and an average target price of $479.25.

MicroStrategy Trading Down 4.8 %

The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $81.73 billion, a price-to-earnings ratio of -161.86 and a beta of 3.17. The company's 50-day moving average is $333.18 and its 200-day moving average is $213.34.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last released its quarterly 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 for the quarter, compared to analysts' expectations 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 quarterly revenue was down 10.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($8.98) EPS.

Insider Transactions at MicroStrategy

In other MicroStrategy news, Director Stephen X. Graham sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value of $9,027,200.00. Following the sale, the director now owns 6,970 shares of the company's stock, valued at $3,145,979.20. The trade was a 74.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 value of $14,479,312.50. Following the transaction, the chief accounting officer now owns 5,670 shares of the company's stock, valued at approximately $1,459,514.70. This represents a 90.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,000 shares of company stock worth $32,259,177. 13.18% of the stock is currently owned by company insiders.

Institutional Trading of MicroStrategy

A number of institutional investors and hedge funds have recently bought and sold shares of MSTR. UMB Bank n.a. grew its holdings in shares of MicroStrategy by 900.0% in the third quarter. UMB Bank n.a. now owns 150 shares of the software maker's stock valued at $25,000 after purchasing an additional 135 shares in the last quarter. AlphaMark Advisors LLC grew its stake in shares of MicroStrategy by 2,900.0% in the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker's stock worth $25,000 after acquiring an additional 145 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of MicroStrategy during the third quarter worth $27,000. Sunbelt Securities Inc. raised 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 acquiring an additional 144 shares in the last quarter. Finally, ST Germain D J Co. Inc. boosted its holdings in MicroStrategy by 900.0% in the third quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker's stock valued at $29,000 after purchasing an additional 153 shares during the period. 59.84% of the stock is currently 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.