Stephen X. Graham Sells 20,000 Shares of MicroStrategy Incorporated (NASDAQ:MSTR) Stock

MicroStrategy Incorporated (NASDAQ:MSTR) Director Stephen X. Graham sold 20,000 shares of the stock in a transaction on 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 completion of the transaction, the director now owns 6,970 shares in the company, valued at $3,145,979.20. The trade was a 74.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

MicroStrategy Trading Down 12.3 %

Shares of NASDAQ MSTR opened at $353.69 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. MicroStrategy Incorporated has a twelve month low of $43.87 and a twelve month high of $543.00. The company’s fifty day moving average is $239.06 and its 200-day moving average is $178.58. The stock has a market cap of $71.67 billion, a price-to-earnings ratio of -167.63 and a beta of 3.05.

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

Institutional Trading of MicroStrategy

A number of large investors have recently bought and sold shares of MSTR. Peapack Gladstone Financial Corp lifted its stake in MicroStrategy by 900.0% in the third quarter. Peapack Gladstone Financial Corp now owns 2,350 shares of the software maker’s stock valued at $396,000 after buying an additional 2,115 shares in the last quarter. Sanctuary Advisors LLC lifted its position in MicroStrategy by 3,250.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 14,442 shares of the software maker’s stock valued at $2,435,000 after acquiring an additional 14,011 shares in the last quarter. Virtu Financial LLC lifted its position in MicroStrategy by 10,398.4% in the 3rd quarter. Virtu Financial LLC now owns 224,245 shares of the software maker’s stock valued at $37,808,000 after acquiring an additional 222,109 shares in the last quarter. Arete Wealth Advisors LLC boosted its stake in MicroStrategy by 1,063.6% in the 3rd quarter. Arete Wealth Advisors LLC now owns 10,740 shares of the software maker’s stock worth $1,814,000 after purchasing an additional 9,817 shares during the period. Finally, Sunbelt Securities Inc. increased its holdings in MicroStrategy by 900.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after purchasing an additional 144 shares in the last quarter. 72.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. TD Cowen raised their price target on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a report on Monday. Benchmark lifted their price target on shares of MicroStrategy from $450.00 to $650.00 and gave the stock a “buy” rating in a research report on Monday. Canaccord Genuity Group boosted their price target on shares of MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a research note on Monday. BTIG Research raised their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Sanford C. Bernstein upped their target price on shares of MicroStrategy from $290.00 to $600.00 and gave the company an “outperform” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. According to MarketBeat, MicroStrategy currently has a consensus rating of “Moderate Buy” and a consensus target price of $479.25.

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.