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

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) dropped 1.6% during mid-day trading on Thursday . The stock traded as low as $367.42 and last traded at $369.03. Approximately 9,128,059 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 17,961,893 shares. The stock had previously closed at $375.18.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Cantor Fitzgerald reaffirmed a “hold” rating on shares of MicroStrategy in a research report on Monday, May 19th. BTIG Research reaffirmed a “buy” rating on shares of MicroStrategy in a research report on Wednesday, May 14th. UBS Group reaffirmed a “buy” rating on shares of MicroStrategy in a research report on Friday, May 16th. Monness Crespi & Hardt cut shares of MicroStrategy from a “neutral” rating to a “sell” rating and set a $220.00 price objective on the stock. in a research report on Tuesday, April 1st. Finally, Canaccord Genuity Group reaffirmed a “buy” rating on shares of MicroStrategy in a research report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nine have given 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 target price of $514.42.

MicroStrategy Trading Up 0.2%

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

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

Insider Activity at MicroStrategy

In other news, Director Jarrod M. Patten sold 1,100 shares of MicroStrategy stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $427.00, for a total value of $469,700.00. Following the completion of the transaction, the director now owns 9,170 shares of the company’s stock, valued at $3,915,590. This trade represents a 10.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Wei-Ming Shao sold 2,051 shares of MicroStrategy stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $329.26, for a total transaction of $675,312.26. Following the completion of the transaction, the executive vice president now directly owns 10,597 shares of the company’s stock, valued at approximately $3,489,168.22. This trade represents a 16.22% decrease in their position. The disclosure for this sale can be found here. Over 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. 8.46% of the stock is owned by insiders.

Institutional Investors Weigh In On MicroStrategy

Large investors have recently added to or reduced their stakes in the business. Proficio Capital Partners LLC bought a new stake in MicroStrategy in the 4th quarter valued at $81,783,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of MicroStrategy by 14.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker’s stock worth $220,626,000 after buying an additional 97,515 shares during the period. Chung Wu Investment Group LLC bought a new stake in shares of MicroStrategy during the 4th quarter worth about $850,000. Crew Capital Management Ltd. bought a new stake in shares of MicroStrategy during the 4th quarter worth about $333,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of MicroStrategy during the 4th quarter worth about $11,020,000. Institutional investors own 59.84% of the company’s stock.

MicroStrategy Company Profile

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.