MicroStrategy surged to $216.98 per share this afternoon, but it remains 7.43% above its mean target price of $201.97. There may still be room for more downwards movement — even after today's 12.2% drop. Analysts are giving the Large-Cap Software stock on average rating of buy, with target prices ranging from $169.21 to $290.0 per share.
MicroStrategy has an elevated short interest of 16.8%. The stock's short ratio, or the number of days needed for all shorts to cover their positions, is 2.72. At 0.25%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation. 50.5% of MicroStrategy shares are held by institutional investors, which indicates a high level of confidence in the stock.
Institutions Invested in MicroStrategy
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Capital International Investors | 99% | 17,255,250 | $3,744,042,491 |
| 2024-06-30 | Vanguard Group Inc | 89% | 15,501,520 | $3,363,518,324 |
| 2024-06-30 | Blackrock Inc. | 50% | 8,810,770 | $1,911,760,030 |
| 2024-06-30 | Morgan Stanley | 45% | 7,821,110 | $1,697,023,698 |
| 2024-06-30 | Susquehanna International Group, LLP | 22% | 3,781,360 | $820,479,130 |
| 2024-06-30 | State Street Corporation | 18% | 3,104,930 | $673,707,413 |
| 2024-06-30 | Jane Street Group, LLC | 17% | 3,016,760 | $654,576,295 |
| 2024-06-30 | Geode Capital Management, LLC | 15% | 2,536,380 | $550,343,489 |
| 2024-06-30 | Norges Bank Investment Management | 9% | 1,578,900 | $342,589,570 |
| 2024-06-30 | Northern Trust Corporation | 8% | 1,415,000 | $307,026,564 |
For these reasons, we consider that the MicroStrategy is the subject of negative market sentiment.
