MicroStrategy (NASDAQ:MSTR) Trading Down 0.4% – Here’s Why

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) traded down 0.4% during mid-day trading on Monday . The stock traded as low as $381.00 and last traded at $387.47. 21,987,618 shares changed hands during trading, an increase of 19% from the average session volume of 18,472,672 shares. The stock had previously closed at $388.84.

Analysts Set New Price Targets

A number of analysts recently issued reports on MSTR shares. BTIG Research raised their price objective on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Cantor Fitzgerald assumed coverage on shares of MicroStrategy in a report on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 target price for the company. Maxim Group upped their price target on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Canaccord Genuity Group lifted their price objective on MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Finally, Barclays raised their target price on MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a report on Monday, November 25th. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, MicroStrategy presently has a consensus rating of “Moderate Buy” and a consensus target price of $479.25.

MicroStrategy Trading Down 0.4 %

The company’s fifty day moving average is $258.37 and its two-hundred day moving average is $185.59. 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 cap of $78.52 billion, a price-to-earnings ratio of -183.90 and a beta of 3.05.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($1.44). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The firm had revenue of $116.07 million during the quarter, compared to analyst estimates of $121.45 million. During the same quarter in the previous year, the business posted ($8.98) earnings per share. MicroStrategy’s revenue for the quarter was down 10.3% compared to the same quarter last year.

Insider Activity

In other news, EVP Wei-Ming Shao sold 18,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total value of $6,624,180.00. Following the completion of the sale, the executive vice president now directly owns 6,460 shares of the company’s stock, valued at approximately $2,377,344.60. The trade was a 73.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen X. Graham sold 20,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $451.36, for a total value of $9,027,200.00. Following the completion of the sale, the director now directly owns 6,970 shares of the company’s stock, valued at approximately $3,145,979.20. This trade represents a 74.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,000 shares of company stock worth $32,259,177. 13.18% of the stock is currently owned by insiders.

Institutional Trading of MicroStrategy

Institutional investors and hedge funds have recently bought and sold shares of the business. Cetera Investment Advisers purchased a new stake in shares of MicroStrategy in the first quarter valued at about $8,901,000. Teachers Retirement System of The State of Kentucky purchased a new stake in MicroStrategy during the 1st quarter valued at approximately $1,106,000. GAMMA Investing LLC lifted its position in MicroStrategy by 36.4% during the 2nd quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock worth $41,000 after acquiring an additional 8 shares during the period. DNB Asset Management AS purchased a new position in shares of MicroStrategy in the 2nd quarter valued at approximately $3,606,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of MicroStrategy in the second quarter valued at approximately $37,000. Hedge funds and other institutional investors own 72.03% of the company’s stock.

About MicroStrategy

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.