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

MicroStrategy Incorporated (NASDAQ:MSTR)’s share 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.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Sanford C. Bernstein raised MicroStrategy to a “strong-buy” rating in a research report on Friday, June 14th. Benchmark upped their target price on MicroStrategy from $1,875.00 to $2,150.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. TD Cowen upped their target price on MicroStrategy from $1,450.00 to $1,880.00 and gave the company a “buy” rating in a research report on Friday, June 21st. Canaccord Genuity Group decreased their target price on MicroStrategy from $2,047.00 to $1,826.00 and set a “buy” rating on the stock in a research report on Monday, June 24th. Finally, Maxim Group increased their price target on MicroStrategy from $1,835.00 to $1,930.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $2,079.33.

MicroStrategy Stock Up 2.2 %

The stock has a market capitalization of $24.83 billion, a P/E ratio of -204.36 and a beta of 3.11. 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 firm has a 50 day simple moving average of $1,515.60 and a two-hundred day simple moving average of $1,303.92.

MicroStrategy shares are scheduled to split on Thursday, August 8th. The 10-1 split was announced on Thursday, August 8th. The newly issued shares will be issued to shareholders after the market closes on Thursday, August 8th.

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

Hedge Funds Weigh In On MicroStrategy

Hedge funds have recently modified their holdings of the company. ST Germain D J Co. Inc. bought a new position in shares of MicroStrategy during the 1st quarter worth approximately $29,000. Rise Advisors LLC raised its holdings in shares of MicroStrategy by 233.3% in the 1st quarter. Rise Advisors LLC now owns 20 shares of the software maker’s stock worth $34,000 after purchasing an additional 14 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of MicroStrategy in the 2nd quarter worth approximately $37,000. GAMMA Investing LLC raised its holdings in shares of MicroStrategy by 36.4% in the 2nd quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock worth $41,000 after purchasing an additional 8 shares during the period. Finally, Salem Investment Counselors Inc. bought a new stake in shares of MicroStrategy in the 1st quarter worth approximately $55,000. Institutional investors own 72.03% of the company’s stock.

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.