MicroStrategy (NASDAQ:MSTR) Shares Down 1%

MicroStrategy Incorporated (NASDAQ:MSTR)’s stock price traded down 1% during trading on Wednesday . The stock traded as low as $1,459.87 and last traded at $1,481.45. 251,732 shares traded hands during trading, a decline of 86% from the average session volume of 1,855,922 shares. The stock had previously closed at $1,495.74.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. BTIG Research lifted their price target on shares of MicroStrategy from $780.00 to $1,800.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. StockNews.com upgraded shares of MicroStrategy to a “sell” rating in a research note on Monday, March 18th. Maxim Group assumed coverage on shares of MicroStrategy in a research note on Tuesday. They set a “buy” rating and a $1,835.00 price target on the stock. Benchmark reiterated a “buy” rating and set a $1,875.00 price target on shares of MicroStrategy in a research note on Thursday, April 25th. Finally, Canaccord Genuity Group cut their price target on shares of MicroStrategy from $2,047.00 to $1,826.00 and set a “buy” rating on the stock in a research note on Monday. One analyst has rated the stock with a sell rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $2,017.67.

MicroStrategy Trading Up 4.6 %

The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.78 and a current ratio of 0.78. The company’s 50-day simple moving average is $1,442.81 and its 200-day simple moving average is $1,115.66.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data on Monday, April 29th. The software maker reported ($8.26) earnings per share (EPS) for the quarter. The business had revenue of $115.25 million for the quarter, compared to analysts’ expectations of $124.80 million. MicroStrategy had a negative return on equity of 8.37% and a negative net margin of 17.40%.

Insider Activity

In other news, Chairman Michael J. Saylor sold 5,000 shares of MicroStrategy stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $1,630.88, for a total value of $8,154,400.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 40,856 shares of company stock valued at $59,250,731 over the last quarter. Corporate insiders own 13.18% of the company’s stock.

Institutional Trading of MicroStrategy

Several hedge funds and other institutional investors have recently made changes to their positions in MSTR. Tactive Advisors LLC purchased a new stake in MicroStrategy during the first quarter worth about $917,000. Teachers Retirement System of The State of Kentucky purchased a new stake in MicroStrategy during the first quarter worth about $1,106,000. Cetera Investment Advisers purchased a new stake in MicroStrategy during the first quarter worth about $8,901,000. California State Teachers Retirement System boosted its holdings in MicroStrategy by 15.7% during the first quarter. California State Teachers Retirement System now owns 14,841 shares of the software maker’s stock worth $25,297,000 after buying an additional 2,015 shares in the last quarter. Finally, Waverly Advisors LLC purchased a new stake in MicroStrategy during the first quarter worth about $1,040,000. Hedge funds and other institutional investors own 72.03% of the company’s stock.

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.