MicroStrategy (NASDAQ:MSTR) Shares Down 3.2% on Insider Selling

MicroStrategy Incorporated (NASDAQ:MSTR) fell 3.2% on Tuesday after an insider sold shares in the company. The company traded as low as $375.25 and last traded at $390.44. 10,599,922 shares changed hands during mid-day trading, a decline of 42% from the average session 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 business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value of $9,027,200.00. Following the transaction, the director now owns 6,970 shares in the company, valued at $3,145,979.20. The trade was a 74.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MSTR. Sanford C. Bernstein lifted their price target on MicroStrategy from $290.00 to $600.00 and gave the company an “outperform” rating in a report on Monday. Cantor Fitzgerald initiated coverage on shares of MicroStrategy in a research note on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 target price for the company. Benchmark increased their target price on shares of MicroStrategy from $450.00 to $650.00 and gave the stock a “buy” rating in a research report on Monday. BTIG Research lifted their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Maxim Group lifted their price objective on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. One 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, the company has an average rating of “Moderate Buy” and an average target price of $479.25.

MicroStrategy Trading Down 3.2 %

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 firm has a market cap of $79.12 billion, a P/E ratio of -185.31 and a beta of 3.05. The company’s 50 day moving average is $239.06 and its two-hundred day moving average is $178.58.

MicroStrategy (NASDAQ:MSTR) last announced 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 firm had revenue of $116.07 million during 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($8.98) EPS.

Institutional Investors Weigh In On MicroStrategy

Several institutional investors and hedge funds have recently bought and sold shares of the business. Signaturefd LLC lifted its holdings in shares of MicroStrategy by 13.6% during the 2nd quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock worth $69,000 after acquiring an additional 6 shares during the period. GAMMA Investing LLC boosted its holdings in MicroStrategy by 36.4% during the second quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock valued at $41,000 after purchasing an additional 8 shares in the last quarter. Cigna Investments Inc. New grew its stake in shares of MicroStrategy by 5.1% in the 2nd quarter. Cigna Investments Inc. New now owns 164 shares of the software maker’s stock valued at $226,000 after purchasing an additional 8 shares during the period. Crossmark Global Holdings Inc. grew its stake in shares of MicroStrategy by 2.8% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 400 shares of the software maker’s stock valued at $551,000 after purchasing an additional 11 shares during the period. Finally, Dakota Wealth Management raised its holdings in shares of MicroStrategy by 0.3% in the 2nd quarter. Dakota Wealth Management now owns 4,515 shares of the software maker’s stock worth $6,219,000 after buying an additional 15 shares in the last quarter. Institutional investors 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.