MicroStrategy Target of Unusually Large Options Trading (NASDAQ:MSTR)

MicroStrategy Incorporated (NASDAQ:MSTR) was the target of some unusual options trading activity on Friday. Investors purchased 280,081 call options on the stock. This represents an increase of approximately 37% compared to the average volume of 204,837 call options.

MicroStrategy Stock Down 0.1 %

Shares of NASDAQ:MSTR opened at $270.42 on Friday. The company has a market capitalization of $54.80 billion, a PE ratio of -128.34 and a beta of 3.05. The company has a current ratio of 0.65, a quick ratio of 0.47 and a debt-to-equity ratio of 1.12. MicroStrategy has a twelve month low of $43.87 and a twelve month high of $280.80. The firm has a 50 day simple moving average of $183.23 and a 200-day simple moving average of $158.00.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($1.44). MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The firm had revenue of $116.07 million for the quarter, compared to analysts’ expectations of $121.45 million. During the same quarter in the previous year, the company posted ($8.98) EPS. The firm’s quarterly revenue was down 10.3% compared to the same quarter last year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MSTR shares. Cantor Fitzgerald started coverage on shares of MicroStrategy in a research note on Wednesday, August 21st. They set an “overweight” rating and a $194.00 target price on the stock. Maxim Group lifted their price target on shares of MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Canaccord Genuity Group lifted their price objective on shares of MicroStrategy from $173.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Barclays lifted their price objective on shares of MicroStrategy from $225.00 to $275.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Finally, Benchmark lifted their price objective on shares of MicroStrategy from $245.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, MicroStrategy presently has an average rating of “Moderate Buy” and an average target price of $271.13.

Insider Activity

In other news, CEO Phong Le sold 48,838 shares of MicroStrategy stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $135.40, for a total value of $6,612,665.20. Following the sale, the chief executive officer now owns 12,670 shares in the company, valued at $1,715,518. 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. In other news, CEO Phong Le sold 48,838 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $135.40, for a total value of $6,612,665.20. Following the transaction, the chief executive officer now directly owns 12,670 shares of the company’s stock, valued at approximately $1,715,518. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Andrew Kang sold 5,700 shares of MicroStrategy stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total transaction of $1,465,755.00. Following the transaction, the chief financial officer now directly owns 12,080 shares in the company, valued at $3,106,372. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 163,788 shares of company stock worth $29,895,333 over the last 90 days. 13.18% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MicroStrategy

Large investors have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new position in MicroStrategy in the 2nd quarter valued at about $37,000. GAMMA Investing LLC raised its holdings in MicroStrategy by 36.4% in the second quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock valued at $41,000 after buying an additional 8 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in MicroStrategy in the first quarter valued at approximately $58,000. Signaturefd LLC grew its position in MicroStrategy by 13.6% in the second quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock valued at $69,000 after acquiring an additional 6 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in MicroStrategy in the second quarter valued at approximately $106,000. 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.