MicroStrategy (NASDAQ:MSTR) Shares Gap Down to $1,282.38

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $1,282.38, but opened at $1,250.00. MicroStrategy shares last traded at $1,238.53, with a volume of 148,936 shares traded.

Analysts Set New Price Targets

MSTR has been the topic of several recent research reports. TD Cowen cut their target price on MicroStrategy from $1,560.00 to $1,450.00 and set an "outperform" rating on the stock in a report on Wednesday, March 20th. Benchmark reiterated a "buy" rating and issued a $1,875.00 target price on shares of MicroStrategy in a report on Thursday. BTIG Research increased their target price 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. Canaccord Genuity Group restated a "buy" rating and issued a $1,810.00 price target on shares of MicroStrategy in a research report on Thursday, March 28th. Finally, StockNews.com upgraded shares of MicroStrategy to a "sell" rating in a research report on Monday, March 18th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,733.75.

MicroStrategy Stock Performance

The company has a debt-to-equity ratio of 1.01, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a fifty day simple moving average of $1,363.08 and a two-hundred day simple moving average of $820.38. The firm has a market capitalization of $21.94 billion, a P/E ratio of 45.88 and a beta of 2.89.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The software maker reported $5.62 earnings per share for the quarter. MicroStrategy had a net margin of 86.47% and a return on equity of 42.81%. The company had revenue of $124.48 million during the quarter, compared to analyst estimates of $134.90 million.

Insider Buying and Selling at MicroStrategy

In other news, EVP Wei-Ming Shao sold 350 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $711.32, for a total transaction of $248,962.00. Following the transaction, the executive vice president now owns 453 shares of the company's stock, valued at approximately $322,227.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Wei-Ming Shao sold 350 shares of the company's stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $711.32, for a total transaction of $248,962.00. Following the transaction, the executive vice president now directly owns 453 shares of the company's stock, valued at $322,227.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Phong Le sold 10,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $861.24, for a total value of $8,612,400.00. Following the completion of the transaction, the chief executive officer now owns 595 shares in the company, valued at $512,437.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 112,452 shares of company stock valued at $120,206,247. Corporate insiders own 13.18% of the company's stock.

Institutional Investors Weigh In On MicroStrategy

Hedge funds and other institutional investors have recently made changes to their positions in the business. IFP Advisors Inc boosted its stake in MicroStrategy by 90.0% during the 4th quarter. IFP Advisors Inc now owns 2,874 shares of the software maker's stock valued at $1,815,000 after purchasing an additional 1,361 shares during the last quarter. Strong Tower Advisory Services bought a new position in shares of MicroStrategy in the fourth quarter valued at approximately $6,566,000. International Assets Investment Management LLC purchased a new position in shares of MicroStrategy during the fourth quarter valued at approximately $12,367,000. Vanguard Group Inc. grew its holdings in MicroStrategy by 10.1% during the third quarter. Vanguard Group Inc. now owns 1,126,980 shares of the software maker's stock worth $369,965,000 after buying an additional 103,107 shares in the last quarter. Finally, RIA Advisory Group LLC purchased a new stake in MicroStrategy in the 4th quarter valued at $3,118,000. 72.03% of the stock is owned by 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.