MicroStrategy (NASDAQ:MSTR) Shares Gap Down on Insider Selling

MicroStrategy Incorporated (NASDAQ:MSTR) gapped down before the market opened on Tuesday after an insider sold shares in the company. The stock had previously closed at $403.45, but opened at $382.78. MicroStrategy shares last traded at $393.44, with a volume of 4,863,878 shares changing hands.

Specifically, Director Stephen X. Graham sold 20,000 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the completion of the transaction, the director now directly owns 6,970 shares in the company, valued at approximately $3,145,979.20. This represents a 74.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on MSTR shares. BTIG Research upped their target price on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. TD Cowen raised their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a report on Monday. Benchmark boosted their target price on shares of MicroStrategy from $450.00 to $650.00 and gave the stock a “buy” rating in a report on Monday. 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 research note on Thursday, October 31st. Finally, Canaccord Genuity Group boosted their price objective on shares of MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a research note on Monday. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $479.25.

MicroStrategy Stock Performance

The company has a market capitalization of $71.67 billion, a price-to-earnings ratio of -167.63 and a beta of 3.05. 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 company’s 50-day moving average price is $239.06 and its two-hundred day moving average price is $178.58.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $116.07 million during the quarter, compared to the consensus estimate of $121.45 million. During the same period last year, the business posted ($8.98) earnings per share. The business’s revenue was down 10.3% on a year-over-year basis.

Hedge Funds Weigh In On MicroStrategy

Several institutional investors have recently added to or reduced their stakes in MSTR. US Bancorp DE lifted its position in shares of MicroStrategy by 782.8% during the 3rd quarter. US Bancorp DE now owns 4,255 shares of the software maker’s stock valued at $717,000 after acquiring an additional 3,773 shares during the period. Hartline Investment Corp boosted its position in shares of MicroStrategy by 1,064.6% during the 3rd quarter. Hartline Investment Corp now owns 5,322 shares of the software maker’s stock worth $897,000 after purchasing an additional 4,865 shares in the last quarter. National Pension Service grew its stake in shares of MicroStrategy by 900.0% in the 3rd quarter. National Pension Service now owns 245,000 shares of the software maker’s stock valued at $41,307,000 after buying an additional 220,500 shares during the period. Janney Montgomery Scott LLC increased its position in MicroStrategy by 848.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 37,005 shares of the software maker’s stock valued at $6,239,000 after buying an additional 33,105 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in MicroStrategy by 2,791.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 25,564 shares of the software maker’s stock worth $4,310,000 after buying an additional 24,680 shares during the period. 72.03% of the stock is owned by institutional investors and hedge funds.

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.