MicroStrategy (NASDAQ:MSTR) Trading 0.2% Higher - Here's What Happened

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) rose 0.2% during mid-day trading on Wednesday . The stock traded as high as $200.62 and last traded at $194.65. Approximately 4,514,217 shares changed hands during trading, a decline of 72% from the average daily volume of 16,343,076 shares. The stock had previously closed at $194.31.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MSTR. Barclays lifted their price objective on shares of MicroStrategy from $173.00 to $225.00 and gave the company an "overweight" rating in a research report on Monday. Canaccord Genuity Group lowered their price target on MicroStrategy from $185.00 to $173.00 and set a "buy" rating on the stock in a research report on Monday, September 16th. Maxim Group raised their price objective on MicroStrategy from $183.50 to $193.00 and gave the company a "buy" rating in a research report on Friday, August 2nd. Sanford C. Bernstein decreased their target price on MicroStrategy from $2,890.00 to $290.00 and set an "outperform" rating on the stock in a report on Wednesday, October 9th. Finally, Benchmark raised their price target on MicroStrategy from $187.50 to $215.00 and gave the company a "buy" rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $208.75.

MicroStrategy Stock Down 0.1 %

The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.31. The firm has a market cap of $34.43 billion, a price-to-earnings ratio of -28.97 and a beta of 3.11. The firm's 50 day simple moving average is $149.12 and its two-hundred day simple moving average is $147.04.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The software maker reported ($0.57) earnings per share for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.48). The business had revenue of $111.44 million during the quarter, compared to analyst estimates 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 in the previous year, the firm posted $0.15 earnings per share.

Insider Activity

In related news, CEO Phong Le sold 50,000 shares of the firm's stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $138.28, for a total value of $6,914,000.00. Following the transaction, the chief executive officer now owns 12,670 shares in the company, valued at approximately $1,752,007.60. 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 accessible through this link. In related news, CEO Phong Le sold 50,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $138.28, for a total transaction of $6,914,000.00. Following the sale, the chief executive officer now owns 12,670 shares in the company, valued at approximately $1,752,007.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Wei-Ming Shao sold 3,000 shares of the company's stock in a transaction on Thursday, August 22nd. The stock was 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 of the company's stock, valued at $912,152. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 101,838 shares of company stock worth $13,950,265. 13.18% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Capital International Investors boosted its stake in shares of MicroStrategy by 14.9% in the 1st quarter. Capital International Investors now owns 1,791,564 shares of the software maker's stock valued at $3,053,828,000 after purchasing an additional 232,667 shares in the last quarter. Vanguard Group Inc. boosted its position in MicroStrategy by 34.8% in the first quarter. Vanguard Group Inc. now owns 1,553,048 shares of the software maker's stock valued at $2,647,263,000 after buying an additional 401,071 shares in the last quarter. Strong Tower Advisory Services grew its stake in shares of MicroStrategy by 990.0% during the third quarter. Strong Tower Advisory Services now owns 160,668 shares of the software maker's stock worth $27,089,000 after buying an additional 145,928 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of MicroStrategy by 1,019.6% during the third quarter. Exchange Traded Concepts LLC now owns 113,601 shares of the software maker's stock worth $19,153,000 after buying an additional 103,454 shares in the last quarter. Finally, Creative Planning lifted its stake in shares of MicroStrategy by 1,294.2% in the 3rd quarter. Creative Planning now owns 89,784 shares of the software maker's stock valued at $15,138,000 after acquiring an additional 83,344 shares during the last quarter. Institutional investors and hedge funds own 72.03% 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.