MicroStrategy (NASDAQ:MSTR) Shares Gap Down to $203.36

MicroStrategy Incorporated (NASDAQ:MSTRGet Rating)’s share price gapped down before the market opened on Monday . The stock had previously closed at $203.36, but opened at $161.34. MicroStrategy shares last traded at $151.52, with a volume of 32,353 shares.

Several research firms have issued reports on MSTR. Jefferies Financial Group decreased their price target on shares of MicroStrategy from $225.00 to $215.00 in a research note on Monday, May 23rd. StockNews.com raised shares of MicroStrategy to a “sell” rating in a research report on Thursday, May 26th. Canaccord Genuity Group decreased their target price on shares of MicroStrategy from $540.00 to $453.00 in a research report on Wednesday, May 4th. Finally, TheStreet cut shares of MicroStrategy from a “c-” rating to a “d+” rating in a research report on Monday, May 9th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $534.83.

The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 2.74. The business’s 50 day moving average price is $316.59 and its 200-day moving average price is $424.41. The company has a market cap of $1.79 billion, a PE ratio of -2.83 and a beta of 1.74.

MicroStrategy (NASDAQ:MSTRGet Rating) last released its earnings results on Tuesday, May 3rd. The software maker reported ($10.42) earnings per share for the quarter, missing the consensus estimate of $1.50 by ($11.92). MicroStrategy had a negative net margin of 109.68% and a negative return on equity of 30.40%. The business had revenue of $119.28 million for the quarter, compared to the consensus estimate of $126.23 million. During the same quarter in the previous year, the firm earned $1.05 EPS. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. Equities analysts expect that MicroStrategy Incorporated will post -11.76 earnings per share for the current year.

In other news, EVP Timothy Edwin Lang bought 2,500 shares of the company’s stock in a transaction on Wednesday, May 11th. The shares were bought at an average cost of $200.00 per share, with a total value of $500,000.00. Following the transaction, the executive vice president now directly owns 2,708 shares in the company, valued at approximately $541,600. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Leslie J. Rechan purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, May 11th. The shares were acquired at an average price of $204.42 per share, for a total transaction of $408,840.00. Following the purchase, the director now owns 2,000 shares in the company, valued at $408,840. The disclosure for this purchase can be found here. 22.59% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the business. National Bank of Canada FI acquired a new stake in shares of MicroStrategy in the fourth quarter worth $1,082,000. Allspring Global Investments Holdings LLC bought a new stake in MicroStrategy during the fourth quarter valued at about $1,762,000. Two Sigma Advisers LP grew its position in shares of MicroStrategy by 2,497.6% in the third quarter. Two Sigma Advisers LP now owns 56,497 shares of the software maker’s stock valued at $32,678,000 after purchasing an additional 54,322 shares during the last quarter. ProShare Advisors LLC increased its stake in shares of MicroStrategy by 75.1% in the fourth quarter. ProShare Advisors LLC now owns 2,512 shares of the software maker’s stock worth $1,368,000 after purchasing an additional 1,077 shares during the period. Finally, Sittner & Nelson LLC acquired a new position in shares of MicroStrategy during the 4th quarter worth about $38,000. Institutional investors own 52.87% of the company’s stock.

About MicroStrategy (NASDAQ:MSTR)

MicroStrategy Incorporated provides enterprise analytics software and services worldwide. It offers MicroStrategy, an enterprise platform, which provides a modern analytics experience by delivering insights across multiple devices to users via hyperintelligence products, visualization and reporting capabilities, mobility features, and custom applications developed on the platform; analysts and data scientists with seamless access to trusted, governed data directly within their tools; and APIs and gateways, multiple deployment options, enterprise semantic graph, scalability, and security.

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