MicroStrategy (NASDAQ:MSTR) Trading 0% Higher – Here’s What Happened

MicroStrategy Incorporated (NASDAQ:MSTR) rose 0% on Monday . The stock traded as high as $292.27 and last traded at $289.48. Approximately 6,255,389 shares were traded during trading, a decline of 65% from the average daily volume of 17,843,342 shares. The stock had previously closed at $289.41.

Wall Street Analyst Weigh In

MSTR has been the topic of a number of analyst reports. Canaccord Genuity Group reduced their price target on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Cantor Fitzgerald lifted their price target on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods began coverage on shares of MicroStrategy in a report on Friday, February 7th. They set an “outperform” rating and a $560.00 price target for the company. Barclays reduced their price objective on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Finally, Benchmark reiterated a “buy” rating and set a $650.00 target price on shares of MicroStrategy in a research note on Tuesday, January 14th. One investment 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $508.09.

MicroStrategy Stock Up 6.2 %

The firm’s 50 day simple moving average is $309.81 and its 200-day simple moving average is $298.32. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The company has a market cap of $78.75 billion, a price-to-earnings ratio of -54.33 and a beta of 3.36.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Insider Activity

In other news, Director Leslie J. Rechan sold 15,000 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the completion of the sale, the director now owns 4,970 shares in the company, valued at approximately $1,669,423. This represents a 75.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Wei-Ming Shao purchased 500 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The stock was bought at an average price of $85.00 per share, for a total transaction of $42,500.00. Following the transaction, the executive vice president now directly owns 500 shares in the company, valued at $42,500. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 8,000 shares of company stock valued at $680,000 and have sold 22,998 shares valued at $7,671,926. Corporate insiders own 9.16% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of MSTR. Geode Capital Management LLC lifted its holdings in shares of MicroStrategy by 10.2% during the fourth quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker’s stock worth $881,470,000 after purchasing an additional 281,342 shares during the period. Norges Bank purchased a new position in MicroStrategy during the 4th quarter worth $523,981,000. Northern Trust Corp lifted its stake in shares of MicroStrategy by 24.4% in the 4th quarter. Northern Trust Corp now owns 1,076,185 shares of the software maker’s stock worth $311,685,000 after acquiring an additional 210,997 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of MicroStrategy by 25.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 802,464 shares of the software maker’s stock valued at $232,410,000 after acquiring an additional 162,757 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of MicroStrategy by 14.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker’s stock worth $220,626,000 after acquiring an additional 97,515 shares during the period. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

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.