MicroStrategy (NASDAQ:MSTR) Trading Down 0.9% – What’s Next?

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) fell 0.9% during trading on Thursday . The stock traded as low as $397.10 and last traded at $407.51. 7,022,179 shares changed hands during trading, a decline of 62% from the average session volume of 18,717,170 shares. The stock had previously closed at $411.40.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MSTR. Benchmark upped their price objective on shares of MicroStrategy from $450.00 to $650.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Canaccord Genuity Group raised their price objective on MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a report on Monday, November 25th. BTIG Research increased their target price on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Barclays upped their price objective on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $600.00 target price on shares of MicroStrategy in a research report on Thursday. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. According to MarketBeat, MicroStrategy presently has a consensus rating of “Moderate Buy” and a consensus target price of $479.25.

MicroStrategy Price Performance

The stock’s 50-day moving average price is $303.61 and its 200 day moving average price is $201.07. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $82.81 billion, a price-to-earnings ratio of -193.96 and a beta of 3.17.

MicroStrategy (NASDAQ:MSTR) last issued its earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $116.07 million for the quarter, compared to analyst estimates of $121.45 million. During the same quarter in the prior year, the firm earned ($8.98) earnings per share. The company’s revenue for the quarter was down 10.3% on a year-over-year basis.

Insiders Place Their Bets

In other MicroStrategy news, EVP Wei-Ming Shao sold 18,000 shares of the firm’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 sale, the executive vice president now owns 6,460 shares of the company’s stock, valued at $2,377,344.60. This trade represents a 73.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jeanine Montgomery sold 56,250 shares of MicroStrategy stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total value of $14,479,312.50. Following the completion of the sale, the chief accounting officer now owns 5,670 shares in the company, valued at $1,459,514.70. This represents a 90.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,000 shares of company stock valued at $32,259,177 in the last three months. 13.18% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MicroStrategy

Hedge funds have recently modified their holdings of the business. Sequoia Financial Advisors LLC boosted its stake in MicroStrategy by 33.9% during the second quarter. Sequoia Financial Advisors LLC now owns 296 shares of the software maker’s stock worth $408,000 after buying an additional 75 shares during the period. Assenagon Asset Management S.A. purchased a new position in shares of MicroStrategy during the 2nd quarter worth approximately $395,000. Brookstone Capital Management increased its holdings in MicroStrategy by 38.4% in the 2nd quarter. Brookstone Capital Management now owns 980 shares of the software maker’s stock valued at $1,350,000 after purchasing an additional 272 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in MicroStrategy in the second quarter valued at approximately $40,163,000. Finally, CAP Partners LLC lifted its stake in MicroStrategy by 6.9% during the second quarter. CAP Partners LLC now owns 541 shares of the software maker’s stock worth $745,000 after purchasing an additional 35 shares in the last quarter. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

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.