MicroStrategy (NASDAQ:MSTR) Trading Down 1.1% – Here’s What Happened

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price fell 1.1% on Wednesday . The stock traded as low as $372.77 and last traded at $382.06. 5,811,849 shares were traded during mid-day trading, a decline of 69% from the average session volume of 18,797,422 shares. The stock had previously closed at $386.42.

Analysts Set New Price Targets

A number of research firms recently weighed in on MSTR. Canaccord Genuity Group increased their price objective on MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a report on Monday, November 25th. TD Cowen increased their price target on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Barclays lifted their price objective on MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. BTIG Research upped their target price on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Maxim Group raised their price target on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $479.25.

MicroStrategy Trading Down 6.6 %

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 company has a 50 day simple moving average of $318.02 and a 200-day simple moving average of $206.87.

MicroStrategy (NASDAQ:MSTR) last issued its earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($1.44). MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The company had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. During the same period in the prior year, the company earned ($8.98) earnings per share. The firm’s revenue was down 10.3% compared to the same quarter last year.

Insider Buying and Selling

In related news, EVP Wei-Ming Shao sold 18,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total value of $6,624,180.00. Following the sale, the executive vice president now owns 6,460 shares in the company, valued at $2,377,344.60. This represents a 73.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Stephen X. Graham sold 20,000 shares of MicroStrategy 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 transaction, the director now owns 6,970 shares of the company’s stock, valued at $3,145,979.20. This trade represents a 74.16 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,000 shares of company stock valued at $32,259,177. 13.18% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. National Bank of Canada FI raised its position in MicroStrategy by 746.2% in the 3rd quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock valued at $3,481,000 after buying an additional 18,207 shares during the last quarter. US Bancorp DE raised its holdings in shares of MicroStrategy by 782.8% in the third quarter. US Bancorp DE now owns 4,255 shares of the software maker’s stock valued at $717,000 after purchasing an additional 3,773 shares during the last quarter. Freedom Investment Management Inc. bought a new position in shares of MicroStrategy during the third quarter valued at about $737,000. Virtu Financial LLC boosted its holdings in MicroStrategy by 10,398.4% during the third quarter. Virtu Financial LLC now owns 224,245 shares of the software maker’s stock worth $37,808,000 after purchasing an additional 222,109 shares during the last quarter. Finally, Vinva Investment Management Ltd bought a new stake in MicroStrategy in the 3rd quarter worth about $246,000. Institutional investors own 59.84% 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.