MicroStrategy (NASDAQ:MSTR) Trading Down 2.6% – Here’s Why

MicroStrategy Incorporated (NASDAQ:MSTR) traded down 2.6% on Monday . The company traded as low as $208.45 and last traded at $210.18. 6,318,840 shares were traded during trading, a decline of 61% from the average session volume of 16,340,313 shares. The stock had previously closed at $215.86.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MSTR shares. TD Cowen upped their price objective on shares of MicroStrategy from $195.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Benchmark lifted their target price on MicroStrategy from $215.00 to $245.00 and gave the stock a “buy” rating in a report on Friday. Barclays increased their target price on shares of MicroStrategy from $173.00 to $225.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Sanford C. Bernstein cut their price objective 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. Finally, Cantor Fitzgerald began coverage on MicroStrategy in a research note on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company. According to data from MarketBeat.com, MicroStrategy presently has an average rating of “Moderate Buy” and an average target price of $220.00.

MicroStrategy Stock Up 0.8 %

The business has a 50 day simple moving average of $151.88 and a 200 day simple moving average of $147.65. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a market cap of $38.59 billion, a PE ratio of -31.95 and a beta of 3.11.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings results on Thursday, August 1st. The software maker reported ($0.57) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.48). The firm had revenue of $111.44 million during the quarter, compared to the consensus estimate of $121.99 million. MicroStrategy had a negative net margin of 43.69% and a negative return on equity of 14.72%. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.15 EPS.

Insider Activity

In related news, EVP Wei-Ming Shao sold 3,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total value of $423,600.00. Following the completion of the sale, the executive vice president now directly owns 6,460 shares in the company, valued at approximately $912,152. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Phong Le sold 50,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 12,670 shares in the company, valued at approximately $1,752,007.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $423,600.00. Following the sale, the executive vice president now directly owns 6,460 shares of the company’s stock, valued at $912,152. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 101,838 shares of company stock worth $13,950,265. 13.18% of the stock is owned by corporate insiders.

Institutional Trading of MicroStrategy

A number of institutional investors and hedge funds have recently modified their holdings of MSTR. UMB Bank n.a. raised its holdings in MicroStrategy by 900.0% in the 3rd quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock worth $25,000 after acquiring an additional 135 shares during the period. AlphaMark Advisors LLC increased 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 worth $25,000 after purchasing an additional 145 shares during the period. ST Germain D J Co. Inc. lifted its position in shares of 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 during the last quarter. Rise Advisors LLC boosted its stake in MicroStrategy by 1,031.6% during the 3rd quarter. Rise Advisors LLC now owns 215 shares of the software maker’s stock valued at $36,000 after purchasing an additional 196 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in MicroStrategy in the 2nd quarter valued at approximately $37,000. 72.03% of the stock is currently owned by institutional investors and hedge funds.

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.