Stock Traders Purchase High Volume of MicroStrategy Call Options (NASDAQ:MSTR)

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) saw some unusual options trading on Friday. Stock investors bought 560,433 call options on the stock. This is an increase of 291% compared to the average volume of 143,383 call options.

MicroStrategy Trading Up 11.6 %

MSTR stock traded up $22.44 during midday trading on Friday, hitting $215.86. 22,814,822 shares of the company's stock were exchanged, compared to its average volume of 16,389,516. MicroStrategy has a 1-year low of $32.81 and a 1-year high of $227.15. The business has a 50-day simple moving average of $151.88 and a two-hundred day simple moving average of $147.65. The stock has a market capitalization of $38.29 billion, a PE ratio of -32.22 and a beta of 3.11. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.31.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The software maker reported ($0.57) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.48). The company had revenue of $111.44 million during the quarter, compared to analysts' expectations of $121.99 million. MicroStrategy had a negative net margin of 43.69% and a negative return on equity of 14.72%. The firm's quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 earnings per share.

Insider Buying and Selling at MicroStrategy

In other news, EVP Wei-Ming Shao sold 3,000 shares of the company's stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total transaction of $423,600.00. Following the completion of the transaction, the executive vice president now directly owns 6,460 shares of the company's stock, valued at $912,152. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, EVP Wei-Ming Shao sold 3,000 shares of MicroStrategy stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total value of $423,600.00. Following the sale, the executive vice president now owns 6,460 shares in the company, valued at $912,152. This trade represents a 0.00 % 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, CEO Phong Le sold 48,838 shares of the company's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $135.40, for a total transaction of $6,612,665.20. Following the transaction, the chief executive officer now owns 12,670 shares of the company's stock, valued at approximately $1,715,518. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 101,838 shares of company stock valued at $13,950,265. Company insiders own 13.18% of the company's stock.

Hedge Funds Weigh In On MicroStrategy

A number of hedge funds have recently made changes to their positions in MSTR. Signaturefd LLC lifted its stake in MicroStrategy by 13.6% during the second quarter. Signaturefd LLC now owns 50 shares of the software maker's stock worth $69,000 after purchasing an additional 6 shares in the last quarter. GAMMA Investing LLC boosted its holdings in MicroStrategy by 36.4% during the 2nd quarter. GAMMA Investing LLC now owns 30 shares of the software maker's stock valued at $41,000 after acquiring an additional 8 shares during the period. Cigna Investments Inc. New grew its position in MicroStrategy by 5.1% in the 2nd quarter. Cigna Investments Inc. New now owns 164 shares of the software maker's stock valued at $226,000 after acquiring an additional 8 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of MicroStrategy by 2.8% during the second quarter. Crossmark Global Holdings Inc. now owns 400 shares of the software maker's stock worth $551,000 after purchasing an additional 11 shares in the last quarter. Finally, Rise Advisors LLC boosted its stake in shares of MicroStrategy by 233.3% in the first quarter. Rise Advisors LLC now owns 20 shares of the software maker's stock valued at $34,000 after purchasing an additional 14 shares during the period. Hedge funds and other institutional investors own 72.03% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Sanford C. Bernstein dropped their price target on MicroStrategy from $2,890.00 to $290.00 and set an "outperform" rating for the company in a research report on Wednesday, October 9th. Maxim Group raised their price target on shares of MicroStrategy from $183.50 to $193.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. Canaccord Genuity Group dropped their price objective on shares of MicroStrategy from $185.00 to $173.00 and set a "buy" rating for the company in a research note on Monday, September 16th. TD Cowen raised their target price on shares of MicroStrategy from $195.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday, September 23rd. Finally, Benchmark upped their price target on MicroStrategy from $215.00 to $245.00 and gave the company a "buy" rating in a research report on Friday. 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.com, the company presently has an average rating of "Moderate Buy" and an average price target of $212.50.

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.