MicroStrategy (NASDAQ:MSTR) Trading Down 3.4% – What’s Next?

MicroStrategy Incorporated (NASDAQ:MSTR) traded down 3.4% during trading on Tuesday . The stock traded as low as $335.07 and last traded at $335.92. 4,158,612 shares traded hands during trading, a decline of 79% from the average session volume of 19,695,057 shares. The stock had previously closed at $347.92.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Maxim Group increased 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. BTIG Research upped their target price on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a report on Thursday, November 21st. TD Cowen boosted their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Barclays raised their target price on shares of MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $600.00 price target on shares of MicroStrategy in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. Based on data from MarketBeat, MicroStrategy presently has a consensus rating of “Moderate Buy” and an average price target of $479.25.

MicroStrategy Stock Performance

The stock has a market cap of $80.49 billion, a price-to-earnings ratio of -159.40 and a beta of 3.25. 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 stock’s 50-day moving average is $367.05 and its 200-day moving average is $245.76.

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 net margin of 87.05% and a negative return on equity of 17.31%. The business had revenue of $116.07 million during the quarter, compared to analysts’ expectations of $121.45 million. During the same period in the prior year, the firm earned ($8.98) EPS. MicroStrategy’s revenue for the quarter was down 10.3% on a year-over-year basis.

Insider Activity at MicroStrategy

In related news, CEO Phong Le sold 1,252 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $322.45, for a total transaction of $403,707.40. Following the completion of the sale, the chief executive officer now owns 13,918 shares of the company’s stock, valued at approximately $4,487,859.10. This represents a 8.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen X. Graham sold 20,000 shares of the business’s 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 owns 6,970 shares of the company’s stock, valued at approximately $3,145,979.20. This represents a 74.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 102,000 shares of company stock worth $32,259,177. 9.16% of the stock is owned by company insiders.

Institutional Trading of MicroStrategy

Institutional investors have recently added to or reduced their stakes in the business. Activest Wealth Management acquired a new position in shares of MicroStrategy during the fourth quarter worth about $33,000. LJI Wealth Management LLC acquired a new position in MicroStrategy during the 4th quarter worth approximately $271,000. Newbridge Financial Services Group Inc. purchased a new position in MicroStrategy in the 4th quarter worth approximately $1,836,000. Kestra Private Wealth Services LLC raised its stake in shares of MicroStrategy by 69.7% during the fourth quarter. Kestra Private Wealth Services LLC now owns 8,737 shares of the software maker’s stock valued at $2,530,000 after purchasing an additional 3,590 shares during the period. Finally, Howland Capital Management LLC purchased a new position in shares of MicroStrategy in the fourth quarter valued at $203,000. 59.84% of the stock is 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.