MicroStrategy (NASDAQ:MSTR) Trading Down 1% - Here's What Happened

Shares of MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) fell 1% on Thursday . The stock traded as low as $345.80 and last traded at $357.02. 5,165,152 shares changed hands during trading, a decline of 72% from the average session volume of 18,768,904 shares. The stock had previously closed at $360.62.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on MSTR shares. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $600.00 target price on shares of MicroStrategy in a research report on Thursday, December 12th. Benchmark reaffirmed a "buy" rating and issued a $650.00 price objective on shares of MicroStrategy in a research report on Tuesday. Maxim Group lifted their target price on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. TD Cowen upped their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Finally, Barclays lifted their price objective on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an "overweight" rating in a research note on Monday, November 25th. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $479.25.

MicroStrategy Price Performance

The firm has a market capitalization of $87.88 billion, a PE ratio of -174.04 and a beta of 3.25. The firm's fifty day moving average price is $359.42 and its 200 day moving average price is $231.33. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last released 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 company had revenue of $116.07 million for the quarter, compared to analysts' expectations of $121.45 million. During the same quarter in the previous year, the business posted ($8.98) EPS. The business's quarterly revenue was down 10.3% on a year-over-year basis.

Insider Transactions at MicroStrategy

In other news, 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 sale, the director now owns 6,970 shares in the company, valued at $3,145,979.20. This trade represents a 74.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Jeanine Montgomery sold 752 shares of the company's stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $322.45, for a total transaction of $242,482.40. Following the transaction, the chief accounting officer now owns 6,418 shares of the company's stock, valued at approximately $2,069,484.10. This trade represents a 10.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,000 shares of company stock valued at $32,259,177 in the last 90 days. 9.16% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MicroStrategy

Large investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of MicroStrategy by 990.6% in the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker's stock worth $465,573,000 after acquiring an additional 2,512,645 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of MicroStrategy by 587.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker's stock valued at $111,994,000 after purchasing an additional 567,628 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in MicroStrategy by 971.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker's stock worth $107,855,000 after buying an additional 579,994 shares in the last quarter. Swiss National Bank boosted its stake in MicroStrategy by 904.7% during the third quarter. Swiss National Bank now owns 468,200 shares of the software maker's stock worth $78,939,000 after buying an additional 421,600 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in MicroStrategy by 1,077.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 343,164 shares of the software maker's stock valued at $57,857,000 after buying an additional 314,007 shares in the last quarter. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

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.