MicroStrategy (NASDAQ:MSTR) Shares Down 1% - What's Next?

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report)'s share price dropped 1% on Thursday . The company traded as low as $345.80 and last traded at $357.02. Approximately 5,165,152 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 18,768,904 shares. The stock had previously closed at $360.62.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. BTIG Research boosted their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Barclays upped their target price on MicroStrategy from $275.00 to $515.00 and gave the stock an "overweight" rating in a report on Monday, November 25th. Maxim Group increased their price target on MicroStrategy from $193.00 to $270.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $600.00 price target on shares of MicroStrategy in a research report on Thursday, December 12th. Finally, Benchmark reissued a "buy" rating and issued a $650.00 price objective on shares of MicroStrategy in a report on Tuesday. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $479.25.

MicroStrategy Stock Performance

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 stock has a 50-day moving average price of $363.86 and a 200-day moving average price of $234.79. The company has a market capitalization of $95.02 billion, a price-to-earnings ratio of -188.18 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly 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 net margin of 87.05% and a negative return on equity of 17.31%. The business had revenue of $116.07 million for the quarter, compared to analyst estimates of $121.45 million. During the same period in the prior year, the business earned ($8.98) EPS. The company's revenue for the quarter was down 10.3% compared to the same quarter last year.

Insider Transactions at MicroStrategy

In related news, Director Stephen X. Graham sold 20,000 shares of MicroStrategy stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total transaction 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 approximately $3,145,979.20. This trade represents a 74.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Wei-Ming Shao sold 18,000 shares of the company's stock in a transaction on 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 completion of the transaction, the executive vice president now directly owns 6,460 shares in the company, valued at approximately $2,377,344.60. This represents a 73.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 102,000 shares of company stock worth $32,259,177. 9.16% of the stock is owned by insiders.

Institutional Trading of MicroStrategy

Hedge funds and other institutional investors have recently bought and sold shares of the business. UMB Bank n.a. grew its position in shares of MicroStrategy by 900.0% during the 3rd quarter. UMB Bank n.a. now owns 150 shares of the software maker's stock worth $25,000 after purchasing an additional 135 shares in the last quarter. AlphaMark Advisors LLC boosted its stake in shares of MicroStrategy by 2,900.0% in the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker's stock valued at $25,000 after buying an additional 145 shares during the period. Capital Performance Advisors LLP acquired a new stake in MicroStrategy during the third quarter worth approximately $27,000. Sunbelt Securities Inc. increased 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 acquiring an additional 144 shares during the period. Finally, ST Germain D J Co. Inc. raised its holdings in MicroStrategy by 900.0% in the 3rd quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker's stock valued at $29,000 after acquiring an additional 153 shares in the last quarter. Institutional investors and hedge funds 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.