MicroStrategy (NASDAQ:MSTR) Trading Down 1.1% – Here’s What Happened

MicroStrategy Incorporated (NASDAQ:MSTR) shares traded down 1.1% during mid-day trading on Monday . The stock traded as low as $308.90 and last traded at $330.99. 7,648,283 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 18,539,137 shares. The stock had previously closed at $334.79.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Benchmark reaffirmed a “buy” rating and issued a $650.00 target price on shares of MicroStrategy in a report on Tuesday, January 14th. Sanford C. Bernstein reissued an “outperform” rating and issued a $600.00 target price on shares of MicroStrategy in a report on Thursday, December 12th. Barclays boosted their target price on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Mizuho began coverage on shares of MicroStrategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price target for the company. Finally, BTIG Research boosted their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, MicroStrategy has a consensus rating of “Moderate Buy” and an average price target of $483.22.

MicroStrategy Stock Up 3.7 %

The firm’s fifty day simple moving average is $359.82 and its 200-day simple moving average is $250.87. The company has a market cap of $83.18 billion, a PE ratio of -164.73 and a beta of 3.25. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12.

Insider Activity at MicroStrategy

In other news, CEO Phong Le sold 1,252 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $322.45, for a total transaction of $403,707.40. Following the transaction, the chief executive officer now directly owns 13,918 shares in the company, valued at $4,487,859.10. This represents a 8.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Stephen X. Graham sold 20,000 shares of the business’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 transaction of $9,027,200.00. Following the completion of the sale, the director now owns 6,970 shares of the company’s stock, valued at approximately $3,145,979.20. The trade was a 74.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,000 shares of company stock valued at $32,259,177. 9.16% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MicroStrategy

A number of hedge funds have recently made changes to their positions in the stock. GPS Wealth Strategies Group LLC raised its holdings in MicroStrategy by 3.2% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock worth $324,000 after buying an additional 35 shares during the period. Versant Capital Management Inc raised its holdings in shares of MicroStrategy by 38.2% during the fourth quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock valued at $41,000 after acquiring an additional 39 shares during the period. Masso Torrence Wealth Management Inc. lifted its position in shares of MicroStrategy by 1.8% in the 4th quarter. Masso Torrence Wealth Management Inc. now owns 3,055 shares of the software maker’s stock valued at $885,000 after acquiring an additional 55 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in MicroStrategy by 3.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,083 shares of the software maker’s stock valued at $603,000 after purchasing an additional 65 shares during the period. Finally, Means Investment CO. Inc. lifted its holdings in shares of MicroStrategy by 2.2% in the fourth quarter. Means Investment CO. Inc. now owns 3,159 shares of the software maker’s stock valued at $915,000 after purchasing an additional 67 shares in the last quarter. Institutional investors and hedge funds own 59.84% of the company’s stock.

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.