MicroStrategy Sees Unusually High Options Volume (NASDAQ:MSTR)

MicroStrategy Incorporated (NASDAQ:MSTR) was the recipient of unusually large options trading activity on Monday. Traders purchased 579,447 call options on the company. This is an increase of approximately 36% compared to the typical volume of 427,322 call options.

Insider Buying and Selling

In related news, CEO Phong Le sold 1,252 shares of MicroStrategy stock in a transaction 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 sale, the chief executive officer now owns 13,918 shares of the company’s stock, valued at $4,487,859.10. The trade was a 8.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Stephen X. Graham sold 20,000 shares of the business’s stock in a transaction 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 completion of the transaction, the director now owns 6,970 shares in the company, valued at $3,145,979.20. This represents a 74.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,000 shares of company stock valued at $32,259,177. 13.18% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On MicroStrategy

Several institutional investors have recently modified their holdings of the company. UMB Bank n.a. grew its position in MicroStrategy by 900.0% in the 3rd quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock valued at $25,000 after buying an additional 135 shares in the last quarter. AlphaMark Advisors LLC lifted its stake in shares of MicroStrategy by 2,900.0% in the 3rd quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock worth $25,000 after acquiring an additional 145 shares during the period. Capital Performance Advisors LLP bought a new position in shares of MicroStrategy in the third quarter valued at approximately $27,000. Sunbelt Securities Inc. increased its stake in shares of MicroStrategy by 900.0% during the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock valued at $27,000 after acquiring an additional 144 shares during the period. Finally, ST Germain D J Co. Inc. raised its holdings in MicroStrategy by 900.0% during the third quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock worth $29,000 after purchasing an additional 153 shares in the last quarter. Institutional investors own 59.84% of the company’s stock.

MicroStrategy Price Performance

Shares of NASDAQ:MSTR opened at $341.42 on Wednesday. The company has a market cap of $81.82 billion, a PE ratio of -162.04 and a beta of 3.25. The firm has a 50-day simple moving average of $347.58 and a 200 day simple moving average of $223.80. MicroStrategy has a fifty-two week low of $43.87 and a fifty-two week high of $543.00. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (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 company had revenue of $116.07 million for the quarter, compared to analyst estimates of $121.45 million. During the same quarter in the prior year, the firm earned ($8.98) EPS. The company’s revenue for the quarter was down 10.3% compared to the same quarter last year.

Analyst Upgrades and Downgrades

MSTR has been the topic of several recent analyst reports. BTIG Research boosted their price target on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Maxim Group upped their target price on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Barclays increased their target price on MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Benchmark restated a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a research note on Monday. Finally, TD Cowen increased their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 25th. One 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 stock currently has an average rating of “Moderate Buy” and an average price target of $479.25.

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.