MicroStrategy (NASDAQ:MSTR) Trading 0% Higher – Here’s What Happened

MicroStrategy Incorporated (NASDAQ:MSTR) shares rose 0% during trading on Thursday . The stock traded as high as $333.49 and last traded at $329.35. Approximately 4,383,394 shares were traded during trading, a decline of 75% from the average daily volume of 17,870,369 shares. The stock had previously closed at $329.31.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MSTR. Benchmark reiterated a “buy” rating and issued a $650.00 target price on shares of MicroStrategy in a report on Tuesday, January 14th. Monness Crespi & Hardt began coverage on shares of MicroStrategy in a research note on Wednesday, March 19th. They issued a “neutral” rating for the company. Canaccord Genuity Group cut their target price on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Compass Point raised shares of MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $600.00 price objective on shares of MicroStrategy in a research note on Thursday, December 12th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $536.90.

MicroStrategy Stock Performance

The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The stock has a market cap of $74.48 billion, a PE ratio of -51.38 and a beta of 3.36. The firm has a fifty day moving average price of $313.64 and a 200 day moving average price of $293.74.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

Insider Activity at MicroStrategy

In related news, CAO Jeanine Montgomery sold 481 shares of the company’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $329.27, for a total value of $158,378.87. Following the transaction, the chief accounting officer now directly owns 7,805 shares of the company’s stock, valued at $2,569,952.35. This represents a 5.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Andrew Kang purchased 1,500 shares of the stock in a transaction on Thursday, March 20th. The shares were purchased at an average cost of $85.00 per share, with a total value of $127,500.00. Following the transaction, the chief financial officer now owns 1,500 shares in the company, valued at $127,500. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders purchased 8,000 shares of company stock valued at $680,000 and sold 22,998 shares valued at $7,671,926. 9.16% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MicroStrategy

A number of large investors have recently bought and sold shares of the company. Quadrant Capital Group LLC lifted its stake in MicroStrategy by 855.6% during the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock valued at $25,000 after acquiring an additional 77 shares during the period. Riverview Trust Co acquired a new position in MicroStrategy during the fourth quarter valued at $25,000. IAG Wealth Partners LLC purchased a new stake in MicroStrategy in the fourth quarter valued at $25,000. Dunhill Financial LLC acquired a new stake in MicroStrategy during the 4th quarter worth about $26,000. Finally, Safe Harbor Fiduciary LLC grew its position in MicroStrategy by 820.0% during the 4th quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker’s stock worth $27,000 after purchasing an additional 82 shares during the period. Hedge funds and other institutional investors 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.