MicroStrategy (NASDAQ:MSTR) Trading Down 3.2% on Insider Selling

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) traded down 3.2% during mid-day trading on Tuesday after an insider sold shares in the company. The company traded as low as $375.25 and last traded at $390.44. 10,599,922 shares were traded during trading, a decline of 42% from the average session volume of 18,216,811 shares. The stock had previously closed at $403.45.

Specifically, Director Stephen X. Graham sold 20,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $451.36, for a total value of $9,027,200.00. Following the sale, the director now owns 6,970 shares in the company, valued at approximately $3,145,979.20. This represents a 74.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. TD Cowen boosted their price target on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday. Barclays boosted their target price on MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a report on Monday. Cantor Fitzgerald started coverage on MicroStrategy in a report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price target for the company. Maxim Group upped their price target on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Canaccord Genuity Group increased their price objective on shares of MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a research report on Monday. One research 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $479.25.

MicroStrategy Price Performance

The firm has a fifty day moving average of $239.06 and a 200 day moving average of $178.58. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $71.67 billion, a P/E ratio of -167.63 and a beta of 3.05.

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

Institutional Investors Weigh In On MicroStrategy

A number of hedge funds have recently added to or reduced their stakes in MSTR. Signaturefd LLC boosted its stake in shares of MicroStrategy by 13.6% during the 2nd quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock worth $69,000 after acquiring an additional 6 shares during the last quarter. GAMMA Investing LLC lifted its position in MicroStrategy by 36.4% during the second quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock valued at $41,000 after purchasing an additional 8 shares in the last quarter. Cigna Investments Inc. New grew its holdings in MicroStrategy by 5.1% during the second quarter. Cigna Investments Inc. New now owns 164 shares of the software maker’s stock valued at $226,000 after purchasing an additional 8 shares during the period. Crossmark Global Holdings Inc. grew its holdings in MicroStrategy by 2.8% during the second quarter. Crossmark Global Holdings Inc. now owns 400 shares of the software maker’s stock valued at $551,000 after purchasing an additional 11 shares during the period. Finally, Dakota Wealth Management increased its position in MicroStrategy by 0.3% in the second quarter. Dakota Wealth Management now owns 4,515 shares of the software maker’s stock worth $6,219,000 after buying an additional 15 shares in the last quarter. 72.03% of the stock is currently owned by hedge funds and other institutional investors.

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.