MicroStrategy (NASDAQ:MSTR) Trading Down 1.6% – What’s Next?

MicroStrategy Incorporated (NASDAQ:MSTR)’s stock price traded down 1.6% during mid-day trading on Thursday . The company traded as low as $367.42 and last traded at $369.03. 9,128,059 shares were traded during mid-day trading, a decline of 49% from the average session volume of 17,961,893 shares. The stock had previously closed at $375.18.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. BTIG Research reiterated a “buy” rating on shares of MicroStrategy in a research note on Wednesday, May 14th. Monness Crespi & Hardt cut shares of MicroStrategy from a “neutral” rating to a “sell” rating and set a $220.00 target price for the company. in a research note on Tuesday, April 1st. Canaccord Genuity Group reiterated a “buy” rating on shares of MicroStrategy in a research note on Monday, May 19th. UBS Group reiterated a “buy” rating on shares of MicroStrategy in a research note on Friday, May 16th. Finally, Cantor Fitzgerald reiterated a “hold” rating on shares of MicroStrategy in a research note on Monday, May 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $514.42.

MicroStrategy Stock Up 0.2%

The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.66 and a current ratio of 0.66. The firm’s 50-day moving average is $375.17 and its two-hundred day moving average is $341.78. The stock has a market cap of $101.08 billion, a P/E ratio of -16.95 and a beta of 3.73.

MicroStrategy (NASDAQ:MSTR) last released its earnings results on Thursday, May 1st. The software maker reported ($16.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($16.47). MicroStrategy had a negative return on equity of 37.64% and a negative net margin of 1,160.72%. The business had revenue of $111.07 million for the quarter, compared to analyst estimates of $116.66 million. During the same period in the prior year, the firm posted ($0.83) EPS. MicroStrategy’s revenue was down 3.6% on a year-over-year basis.

Insiders Place Their Bets

In other MicroStrategy news, CEO Phong Le sold 5,295 shares of MicroStrategy stock in a transaction on Friday, June 6th. The shares were sold at an average price of $374.54, for a total transaction of $1,983,189.30. Following the completion of the sale, the chief executive officer now owns 24,790 shares of the company’s stock, valued at approximately $9,284,846.60. The trade was a 17.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jarrod M. Patten sold 1,100 shares of MicroStrategy stock in a transaction on Friday, May 9th. The stock was sold at an average price of $427.00, for a total transaction of $469,700.00. Following the sale, the director now directly owns 9,170 shares of the company’s stock, valued at $3,915,590. This represents a 10.71% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 25,277 shares of company stock valued at $2,312,345 and sold 93,619 shares valued at $33,607,643. Company insiders own 8.46% of the company’s stock.

Hedge Funds Weigh In On MicroStrategy

Institutional investors and hedge funds have recently made changes to their positions in the company. Riverview Trust Co acquired a new position in shares of MicroStrategy in the 4th quarter valued at $25,000. IAG Wealth Partners LLC acquired a new position in shares of MicroStrategy in the 4th quarter valued at $25,000. Quadrant Capital Group LLC grew its holdings in shares of MicroStrategy by 855.6% in the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock valued at $25,000 after buying an additional 77 shares during the period. Dunhill Financial LLC acquired a new position in shares of MicroStrategy in the 4th quarter valued at $26,000. Finally, Parkside Financial Bank & Trust grew its holdings in shares of MicroStrategy by 422.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock valued at $27,000 after buying an additional 76 shares during the period. Institutional investors and hedge funds own 59.84% of the company’s stock.

About MicroStrategy

Strategy Incorporated, formerly known as MicroStrategy, provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers Strategy ONE, a platform that allows non-technical users to access novel and actionable insights for decision-making, and Strategy Cloud for Government, which provides always-on threat monitoring designed to meet the strict technical and regulatory standards of governments and financial institutions.