MicroStrategy (NASDAQ:MSTR) Trading Down 3.2% Following Insider Selling

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price dropped 3.2% during trading on Tuesday following insider selling activity. The company traded as low as $375.25 and last traded at $390.44. Approximately 10,599,922 shares changed hands during trading, a decline of 42% from the average daily volume of 18,216,811 shares. The stock had previously closed at $403.45.

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on MSTR. Sanford C. Bernstein upped their target price on MicroStrategy from $290.00 to $600.00 and gave the company an “outperform” rating in a report on Monday. Cantor Fitzgerald started coverage on shares of MicroStrategy in a research note on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 price objective on the stock. Barclays lifted their target price on shares of MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a research note on Monday. BTIG Research upped their target price on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Canaccord Genuity Group boosted their price target on MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $479.25.

MicroStrategy Price Performance

The company has a fifty day moving average price of $243.51 and a two-hundred day moving average price of $180.24. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The company has a market cap of $78.79 billion, a price-to-earnings ratio of -183.44 and a beta of 3.05.

MicroStrategy (NASDAQ:MSTR) last released 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). The business had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. MicroStrategy’s revenue was down 10.3% on a year-over-year basis. During the same period in the previous year, the business posted ($8.98) earnings per share.

Institutional Investors Weigh In On MicroStrategy

Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its position in shares of MicroStrategy by 990.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock worth $465,573,000 after buying an additional 2,512,645 shares during the period. Charles Schwab Investment Management Inc. raised its stake in MicroStrategy by 587.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker’s stock worth $111,994,000 after acquiring an additional 567,628 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of MicroStrategy by 971.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker’s stock valued at $107,855,000 after acquiring an additional 579,994 shares during the period. Swiss National Bank boosted its stake in shares of MicroStrategy by 904.7% in the 3rd quarter. Swiss National Bank now owns 468,200 shares of the software maker’s stock valued at $78,939,000 after purchasing an additional 421,600 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of MicroStrategy by 1,077.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 343,164 shares of the software maker’s stock worth $57,857,000 after purchasing an additional 314,007 shares during the last quarter. 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.