MicroStrategy Sees Unusually High Options Volume (NASDAQ:MSTR)

MicroStrategy Incorporated (NASDAQ:MSTR) was the target of some unusual options trading activity on Tuesday. Stock traders bought 832,307 call options on the stock. This represents an increase of approximately 79% compared to the typical volume of 465,265 call options.

Wall Street Analyst Weigh In

MSTR has been the topic of a number of recent research reports. TD Cowen upped their target price on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Canaccord Genuity Group lifted their price objective on shares of MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a report on Monday, November 25th. Barclays increased their price target on MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Benchmark restated a “buy” rating and issued a $650.00 price objective on shares of MicroStrategy in a research report on Tuesday, January 14th. Finally, Maxim Group increased their target price on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, MicroStrategy currently has a consensus rating of “Moderate Buy” and a consensus price target of $479.25.

MicroStrategy Trading Up 8.0 %

Shares of MicroStrategy stock opened at $396.50 on Tuesday. MicroStrategy has a 1 year low of $43.87 and a 1 year high of $543.00. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The business has a 50 day moving average price of $364.99 and a 200 day moving average price of $237.40. The company has a market capitalization of $95.02 billion, a P/E ratio of -188.18 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share 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 business had revenue of $116.07 million for the quarter, compared to analysts’ expectations of $121.45 million. During the same period in the prior year, the company earned ($8.98) EPS. The company’s revenue for the quarter was down 10.3% compared to the same quarter last year.

Insider Buying and Selling at MicroStrategy

In related news, EVP Wei-Ming Shao sold 18,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the completion of the transaction, the executive vice president now owns 6,460 shares in the company, valued at $2,377,344.60. The trade was a 73.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Andrew Kang sold 5,700 shares of the firm’s 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 completion of the transaction, the chief financial officer now directly owns 12,080 shares in the company, valued at $3,106,372. This represents a 32.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,000 shares of company stock worth $32,259,177 over the last 90 days. 9.16% of the stock is owned by insiders.

Institutional Investors Weigh In On MicroStrategy

Large investors have recently modified their holdings of the stock. American Century Companies Inc. increased its holdings in MicroStrategy by 20.8% in the second quarter. American Century Companies Inc. now owns 2,098 shares of the software maker’s stock valued at $2,890,000 after buying an additional 361 shares during the last quarter. Edgestream Partners L.P. increased its position in MicroStrategy by 159.7% in the 2nd quarter. Edgestream Partners L.P. now owns 470 shares of the software maker’s stock valued at $647,000 after acquiring an additional 289 shares during the period. Amalgamated Bank raised its stake in shares of MicroStrategy by 72.3% during the second quarter. Amalgamated Bank now owns 870 shares of the software maker’s stock valued at $1,198,000 after purchasing an additional 365 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of MicroStrategy by 31.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 760 shares of the software maker’s stock valued at $1,047,000 after acquiring an additional 181 shares in the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of MicroStrategy by 21.9% in the 2nd quarter. Hsbc Holdings PLC now owns 9,437 shares of the software maker’s stock worth $13,115,000 after buying an additional 1,694 shares in the last quarter. Institutional investors and hedge funds 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.