MicroStrategy (NASDAQ:MSTR) Trading Down 4.2%

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) traded down 4.2% on Tuesday . The stock traded as low as $160.04 and last traded at $161.54. 5,028,658 shares were traded during trading, a decline of 69% from the average session volume of 16,214,852 shares. The stock had previously closed at $168.60.

Analysts Set New Price Targets

MSTR has been the topic of a number of research analyst reports. Cantor Fitzgerald initiated coverage on MicroStrategy in a report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 target price on the stock. 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 report on Monday, September 23rd. Maxim Group increased 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. Canaccord Genuity Group cut their target price on MicroStrategy from $185.00 to $173.00 and set a “buy” rating on the stock in a research report on Monday, September 16th. Finally, Sanford C. Bernstein upgraded MicroStrategy to a “strong-buy” rating in a research report on Friday, June 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $202.13.

MicroStrategy Price Performance

The stock has a market capitalization of $29.12 billion, a price-to-earnings ratio of -23.65 and a beta of 3.10. 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 stock has a 50-day simple moving average of $141.80 and a 200 day simple moving average of $145.41.

MicroStrategy (NASDAQ:MSTR) last posted 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). MicroStrategy had a negative net margin of 43.69% and a negative return on equity of 14.72%. The company had revenue of $111.44 million for the quarter, compared to analysts’ expectations of $121.99 million. During the same quarter in the prior year, the firm earned $0.15 earnings per share. The company’s revenue was down 7.4% on a year-over-year basis.

Insider Transactions at MicroStrategy

In other MicroStrategy news, EVP Wei-Ming Shao sold 3,000 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $912,152. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Phong Le sold 50,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 12,670 shares of the company’s stock, valued at approximately $1,752,007.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Wei-Ming Shao sold 3,000 shares of MicroStrategy stock in a transaction 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 owns 6,460 shares in the company, valued at approximately $912,152. The disclosure for this sale can be found here. Insiders sold 101,838 shares of company stock valued at $13,950,265 in the last three months. Corporate insiders own 13.18% of the company’s stock.

Institutional Investors Weigh In On MicroStrategy

Several hedge funds and other institutional investors have recently made changes to their positions in the business. ST Germain D J Co. Inc. acquired a new stake in MicroStrategy in the 1st quarter valued at approximately $29,000. Rise Advisors LLC boosted its position 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 acquiring an additional 14 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of MicroStrategy in the second quarter worth $37,000. GAMMA Investing LLC increased its position in MicroStrategy by 36.4% during the second quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock worth $41,000 after acquiring an additional 8 shares during the period. Finally, Salem Investment Counselors Inc. acquired a new position in MicroStrategy during the 1st quarter valued at $55,000. 72.03% of the stock is owned by institutional investors and hedge funds.

MicroStrategy Company Profile

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.