MicroStrategy (NASDAQ:MSTR) Shares Down 0.4% – What’s Next?

MicroStrategy Incorporated (NASDAQ:MSTR) was down 0.4% during trading on Monday . The stock traded as low as $381.00 and last traded at $387.47. Approximately 21,987,618 shares were traded during trading, an increase of 19% from the average daily volume of 18,472,672 shares. The stock had previously closed at $388.84.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MSTR. Sanford C. Bernstein increased their price objective on shares of MicroStrategy from $290.00 to $600.00 and gave the stock an “outperform” rating in a research note on Monday, November 25th. Benchmark lifted their price objective on MicroStrategy from $450.00 to $650.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Maxim Group upped their target price on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Barclays lifted their price target on MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Finally, Cantor Fitzgerald initiated coverage on MicroStrategy in a research report on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 price objective on the stock. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $479.25.

MicroStrategy Trading Up 1.8 %

The company has a fifty day moving average of $267.36 and a 200-day moving average of $188.77. 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 capitalization of $77.06 billion, a price-to-earnings ratio of -176.98 and a beta of 3.17.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results 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 return on equity of 17.31% and a negative net margin of 87.05%. The firm had revenue of $116.07 million during the quarter, compared to analyst estimates of $121.45 million. During the same period in the prior year, the firm earned ($8.98) earnings per share. The business’s revenue was down 10.3% on a year-over-year basis.

Insider Transactions at MicroStrategy

In other news, Director Stephen X. Graham sold 20,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 6,970 shares in the company, valued at $3,145,979.20. The trade was a 74.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Wei-Ming Shao sold 18,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total value of $6,624,180.00. Following the completion of the sale, the executive vice president now directly owns 6,460 shares of the company’s stock, valued at approximately $2,377,344.60. This represents a 73.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,000 shares of company stock valued at $32,259,177 over the last 90 days. 13.18% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of MSTR. Signaturefd LLC raised its stake in MicroStrategy by 13.6% during the second quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock worth $69,000 after purchasing an additional 6 shares during the period. GAMMA Investing LLC lifted its holdings in MicroStrategy by 36.4% in the second quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock valued at $41,000 after acquiring an additional 8 shares during the last quarter. Cigna Investments Inc. New lifted its holdings in MicroStrategy by 5.1% in the second quarter. Cigna Investments Inc. New now owns 164 shares of the software maker’s stock valued at $226,000 after acquiring an additional 8 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in MicroStrategy by 2.8% in the second quarter. Crossmark Global Holdings Inc. now owns 400 shares of the software maker’s stock worth $551,000 after acquiring an additional 11 shares during the period. Finally, Dakota Wealth Management increased its stake in MicroStrategy by 0.3% during the second quarter. Dakota Wealth Management now owns 4,515 shares of the software maker’s stock worth $6,219,000 after acquiring an additional 15 shares during the last quarter. Institutional investors and hedge funds own 72.03% of the company’s stock.

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.