MicroStrategy (NASDAQ:MSTR) Trading 1.1% Higher - Here's What Happened

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report)'s stock price rose 1.1% during trading on Friday . The company traded as high as $376.10 and last traded at $373.04. Approximately 3,676,998 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 17,906,034 shares. The stock had previously closed at $369.03.

Wall Street Analyst Weigh In

Several analysts have weighed in on MSTR shares. Cantor Fitzgerald reissued a "hold" rating on shares of MicroStrategy in a research note on Monday, May 19th. HC Wainwright assumed coverage on MicroStrategy in a research note on Tuesday, April 29th. They issued a "buy" rating and a $480.00 target price for the company. UBS Group restated a "buy" rating on shares of MicroStrategy in a report on Friday, May 16th. Monness Crespi & Hardt lowered MicroStrategy from a "neutral" rating to a "sell" rating and set a $220.00 price objective for the company. in a research note on Tuesday, April 1st. Finally, BTIG Research reaffirmed a "buy" rating on shares of MicroStrategy in a research note on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $514.42.

MicroStrategy Stock Performance

The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. The firm has a market cap of $100.82 billion, a P/E ratio of -16.97 and a beta of 3.73. The business has a fifty day simple moving average of $373.78 and a 200-day simple moving average of $341.81.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The software maker reported ($16.49) EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $116.66 million. During the same period in the previous year, the firm earned ($0.83) EPS. The company's revenue was down 3.6% on a year-over-year basis.

Insider Transactions at MicroStrategy

In related news, CEO Phong Le sold 5,295 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $374.54, for a total value of $1,983,189.30. Following the transaction, the chief executive officer now directly owns 24,790 shares of the company's stock, valued at approximately $9,284,846.60. This represents a 17.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Andrew Kang sold 1,877 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $374.54, for a total value of $703,011.58. Following the transaction, the chief financial officer now directly owns 24,460 shares in the company, valued at approximately $9,161,248.40. The trade was a 7.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 25,277 shares of company stock valued at $2,312,345 and have sold 93,619 shares valued at $33,607,643. Insiders own 8.46% of the company's stock.

Institutional Trading of MicroStrategy

Institutional investors have recently made changes to their positions in the stock. Principal Securities Inc. grew its position in MicroStrategy by 131.5% in the 4th quarter. Principal Securities Inc. now owns 1,211 shares of the software maker's stock worth $351,000 after purchasing an additional 688 shares during the period. Allworth Financial LP boosted its stake in shares of MicroStrategy by 123.2% in the 4th quarter. Allworth Financial LP now owns 1,636 shares of the software maker's stock worth $474,000 after buying an additional 903 shares during the last quarter. Empower Advisory Group LLC grew its holdings in shares of MicroStrategy by 41.6% in the fourth quarter. Empower Advisory Group LLC now owns 1,942 shares of the software maker's stock worth $562,000 after acquiring an additional 571 shares during the period. Atria Wealth Solutions Inc. increased its position in MicroStrategy by 29.8% during the fourth quarter. Atria Wealth Solutions Inc. now owns 15,791 shares of the software maker's stock valued at $4,573,000 after acquiring an additional 3,626 shares during the last quarter. Finally, Financial Perspectives Inc bought a new position in MicroStrategy in the fourth quarter valued at about $48,000. Hedge funds and other institutional investors 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.

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