MicroStrategy (NASDAQ:MSTR) Trading Down 1.1% - What's Next?

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) shares were down 1.1% on Thursday . The company traded as low as $335.00 and last traded at $345.68. Approximately 7,882,149 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 18,826,896 shares. The stock had previously closed at $349.64.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MSTR. TD Cowen increased their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. BTIG Research boosted their price target on MicroStrategy from $290.00 to $570.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Cantor Fitzgerald started coverage on MicroStrategy in a research report on Wednesday, August 21st. They issued an "overweight" rating and a $194.00 target price on the stock. Barclays upped their price target on MicroStrategy from $275.00 to $515.00 and gave the stock an "overweight" rating in a research report on Monday, November 25th. Finally, Maxim Group boosted their price objective on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $479.25.

MicroStrategy Trading Down 6.6 %

The business's 50 day simple moving average is $318.02 and its 200 day simple moving average is $206.87. The stock has a market cap of $66.16 billion, a price-to-earnings ratio of -154.94 and a beta of 3.17. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($1.44). The business had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The company's revenue for the quarter was down 10.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($8.98) EPS.

Insider Activity at MicroStrategy

In related news, 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 transaction, the director now owns 6,970 shares in the company, valued at approximately $3,145,979.20. This represents a 74.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Wei-Ming Shao sold 18,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the sale, the executive vice president now owns 6,460 shares of the company's stock, valued at $2,377,344.60. This trade represents a 73.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 102,000 shares of company stock worth $32,259,177. Company insiders own 13.18% of the company's stock.

Institutional Trading of MicroStrategy

Several hedge funds have recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its position in shares of 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 during the period. AlphaMark Advisors LLC increased its stake in MicroStrategy by 2,900.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker's stock worth $25,000 after acquiring an additional 145 shares during the period. Capital Performance Advisors LLP acquired a new position in MicroStrategy in the 3rd quarter valued at $27,000. Sunbelt Securities Inc. lifted its position in shares of MicroStrategy by 900.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker's stock valued at $27,000 after acquiring an additional 144 shares during the period. Finally, ST Germain D J Co. Inc. increased its position in shares of MicroStrategy by 900.0% in the third quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker's stock worth $29,000 after purchasing an additional 153 shares during the period. 59.84% of the stock is owned by institutional investors and hedge funds.

MicroStrategy Company Profile

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.