MicroStrategy Target of Unusually Large Options Trading (NASDAQ:MSTR)

MicroStrategy Incorporated (NASDAQ:MSTR) was the target of unusually large options trading activity on Friday. Stock investors purchased 560,433 call options on the stock. This is an increase of approximately 291% compared to the typical daily volume of 143,383 call options.

Wall Street Analyst Weigh In

MSTR has been the topic of several research analyst reports. Cantor Fitzgerald initiated coverage on shares of MicroStrategy in a research report on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 price objective on the stock. Canaccord Genuity Group decreased their price objective on shares of MicroStrategy from $185.00 to $173.00 and set a “buy” rating on the stock in a research report on Monday, September 16th. Barclays upped their target price on shares of MicroStrategy from $173.00 to $225.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Sanford C. Bernstein reduced their target price on shares of MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating on the stock in a report on Wednesday, October 9th. Finally, Maxim Group upped their target price on shares of MicroStrategy from $183.50 to $193.00 and gave the company a “buy” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $212.50.

Insider Transactions at MicroStrategy

In related news, CEO Phong Le sold 48,838 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $135.40, for a total value of $6,612,665.20. Following the sale, the chief executive officer now owns 12,670 shares of the company’s stock, valued at $1,715,518. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Phong Le sold 48,838 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $135.40, for a total transaction of $6,612,665.20. Following the transaction, the chief executive officer now directly owns 12,670 shares in the company, valued at approximately $1,715,518. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Wei-Ming Shao sold 3,000 shares of MicroStrategy stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total transaction of $423,600.00. Following the completion of the transaction, the executive vice president now directly owns 6,460 shares in the company, valued at $912,152. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 101,838 shares of company stock valued at $13,950,265. 13.18% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Rise Advisors LLC grew its holdings in MicroStrategy by 233.3% during the first quarter. Rise Advisors LLC now owns 20 shares of the software maker’s stock worth $34,000 after acquiring an additional 14 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of MicroStrategy in the 2nd quarter valued at approximately $37,000. GAMMA Investing LLC raised its stake in shares of MicroStrategy by 36.4% in the 2nd quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock valued at $41,000 after acquiring an additional 8 shares in the last quarter. Salem Investment Counselors Inc. bought a new position in MicroStrategy in the 1st quarter worth approximately $55,000. Finally, Allspring Global Investments Holdings LLC bought a new position in MicroStrategy in the 1st quarter worth approximately $58,000. 72.03% of the stock is owned by institutional investors and hedge funds.

MicroStrategy Stock Up 11.6 %

Shares of NASDAQ:MSTR opened at $215.86 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.31. MicroStrategy has a 52-week low of $32.81 and a 52-week high of $227.15. The company has a 50 day moving average of $151.88 and a two-hundred day moving average of $147.72. The company has a market capitalization of $38.29 billion, a price-to-earnings ratio of -32.22 and a beta of 3.11.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data on Thursday, August 1st. The software maker reported ($0.57) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.48). MicroStrategy had a negative return on equity of 14.72% and a negative net margin of 43.69%. The firm had revenue of $111.44 million for the quarter, compared to the consensus estimate of $121.99 million. During the same quarter last year, the business earned $0.15 earnings per share. The business’s revenue for the quarter was down 7.4% compared to the same quarter last year.

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.