MicroStrategy (NASDAQ:MSTR) Stock Price Down 3.2% Following Insider Selling

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price traded down 3.2% during trading on Tuesday following insider selling activity. The stock traded as low as $375.25 and last traded at $390.44. 10,599,922 shares changed hands during mid-day 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 stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the sale, the director now directly owns 6,970 shares in the company, valued at $3,145,979.20. This represents a 74.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Analyst Ratings Changes

Several brokerages have issued reports on MSTR. Canaccord Genuity Group lifted their price objective on MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a research report on Monday. Barclays upped their price target on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a research report on Monday. Benchmark raised their price objective on shares of MicroStrategy from $450.00 to $650.00 and gave the company a “buy” rating in a research report on Monday. BTIG Research upped their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Maxim Group raised their price target on shares of MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $479.25.

MicroStrategy Stock Up 9.9 %

The business’s fifty day simple moving average is $243.51 and its 200 day simple moving average is $180.24. The stock has a market cap of $78.79 billion, a price-to-earnings ratio of -183.44 and a beta of 3.05. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12.

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 company had revenue of $116.07 million for the quarter, compared to analyst estimates of $121.45 million. During the same period last year, the firm earned ($8.98) earnings per share. The firm’s revenue for the quarter was down 10.3% on a year-over-year basis.

Institutional Trading of MicroStrategy

A number of institutional investors and hedge funds have recently modified their holdings of MSTR. Franklin Resources Inc. grew its holdings in MicroStrategy by 3.3% during the third quarter. Franklin Resources Inc. now owns 4,248 shares of the software maker’s stock valued at $716,000 after purchasing an additional 135 shares during the period. Peapack Gladstone Financial Corp grew its holdings in shares of MicroStrategy by 900.0% in the 3rd 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 during the period. Sanctuary Advisors LLC grew its holdings in shares of 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 buying an additional 14,011 shares during the period. Virtu Financial LLC increased its position in shares of 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 buying an additional 222,109 shares in the last quarter. Finally, Arete Wealth Advisors LLC raised its stake in MicroStrategy by 1,063.6% during the 3rd quarter. Arete Wealth Advisors LLC now owns 10,740 shares of the software maker’s stock worth $1,814,000 after buying an additional 9,817 shares during the period. 72.03% of the stock is owned by 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.