MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) Director Stephen X. Graham sold 20,000 shares of the firm's stock in a transaction that occurred on 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 $3,145,979.20. This trade represents a 74.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
MicroStrategy Price Performance
NASDAQ MSTR traded down $18.43 during trading hours on Monday, hitting $403.45. 38,919,114 shares of the company's stock traded hands, compared to its average volume of 18,229,828. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market capitalization of $81.76 billion, a PE ratio of -192.22 and a beta of 3.05. The firm's 50-day moving average is $233.68 and its 200-day moving average is $176.63. MicroStrategy Incorporated has a 52-week low of $43.87 and a 52-week high of $543.00.
MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted its earnings results on Wednesday, October 30th. The software maker reported ($1.56) EPS for the quarter, missing the consensus estimate of ($0.12) by ($1.44). The business had revenue of $116.07 million during the quarter, compared to analysts' expectations of $121.45 million. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The business's quarterly revenue was down 10.3% compared to the same quarter last year. During the same period last year, the company earned ($8.98) EPS.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of MSTR. UMB Bank n.a. boosted its stake in MicroStrategy by 900.0% in the third quarter. UMB Bank n.a. now owns 150 shares of the software maker's stock valued at $25,000 after acquiring an additional 135 shares in the last quarter. AlphaMark Advisors LLC lifted its holdings in shares of MicroStrategy by 2,900.0% in the 3rd quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker's stock valued at $25,000 after purchasing an additional 145 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of MicroStrategy in the 3rd quarter valued at about $27,000. Sunbelt Securities Inc. grew its stake in MicroStrategy by 900.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker's stock worth $27,000 after buying an additional 144 shares during the last quarter. Finally, ST Germain D J Co. Inc. increased its position in MicroStrategy by 900.0% during the third quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker's stock worth $29,000 after buying an additional 153 shares during the period. 72.03% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. Cantor Fitzgerald began coverage on shares of MicroStrategy in a research note on Wednesday, August 21st. They issued an "overweight" rating and a $194.00 target price on the stock. TD Cowen upped their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a "buy" rating in a report on Monday. BTIG Research boosted their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the company a "buy" rating in a report on Thursday. Benchmark boosted their target price on MicroStrategy from $450.00 to $650.00 and gave the stock a "buy" rating in a report on Monday. Finally, Sanford C. Bernstein increased their price objective on shares of MicroStrategy from $290.00 to $600.00 and gave the stock an "outperform" rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $479.25.
Read Our Latest Analysis on MicroStrategy
About MicroStrategy
(
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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.
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