MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) shares traded down 3.2% during trading on Tuesday following insider selling activity. The company traded as low as $375.25 and last traded at $390.44. 10,599,922 shares changed hands during trading, a decline of 42% from the average session volume of 18,216,811 shares. The stock had previously closed at $403.45.
Specifically, Director Stephen X. Graham sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value of $9,027,200.00. Following the transaction, the director now directly owns 6,970 shares of the company's stock, valued at $3,145,979.20. The trade was a 74.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the company. Canaccord Genuity Group boosted their target price on MicroStrategy from $300.00 to $510.00 and gave the stock a "buy" rating in a report on Monday. 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. TD Cowen boosted their target price on MicroStrategy from $392.00 to $525.00 and gave the stock a "buy" rating in a report on Monday. Sanford C. Bernstein upped their price objective on MicroStrategy from $290.00 to $600.00 and gave the stock an "outperform" rating in a report on Monday. Finally, Maxim Group upped their price objective on 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 issued a buy rating to the company's stock. According to data from MarketBeat.com, MicroStrategy presently has a consensus rating of "Moderate Buy" and an average target price of $479.25.
Read Our Latest Report on MSTR
MicroStrategy Stock Down 12.3 %
The firm's 50-day simple moving average is $239.06 and its 200 day simple moving average is $178.58. The company has a market cap of $71.67 billion, a P/E ratio of -167.63 and a beta of 3.05. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65.
MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued 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 for the quarter, compared to the consensus estimate 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 revenue was down 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($8.98) EPS.
Institutional Trading of MicroStrategy
A number of large investors have recently made changes to their positions in MSTR. UMB Bank n.a. increased its position in shares of MicroStrategy by 900.0% in the 3rd quarter. UMB Bank n.a. now owns 150 shares of the software maker's stock valued at $25,000 after buying an additional 135 shares in the last quarter. AlphaMark Advisors LLC increased its position 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 buying an additional 145 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of MicroStrategy in the 3rd quarter valued at $27,000. Sunbelt Securities Inc. increased its holdings 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 purchasing an additional 144 shares in the last quarter. Finally, ST Germain D J Co. Inc. increased its holdings in MicroStrategy by 900.0% during the 3rd 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 in the last quarter. Institutional investors own 72.03% of the company's stock.
About MicroStrategy
(
Get Free Report)
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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