MicroStrategy (NASDAQ:MSTR) Trading Down 1% - Here's What Happened

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) shares were down 1% on Monday . The stock traded as low as $358.80 and last traded at $365.82. Approximately 3,127,751 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 17,944,903 shares. The stock had previously closed at $369.70.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on MSTR shares. HC Wainwright started coverage on MicroStrategy in a research report on Tuesday, April 29th. They set a "buy" rating and a $480.00 price target on the stock. Canaccord Genuity Group reissued a "buy" rating on shares of MicroStrategy in a report on Monday, May 19th. 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 price objective for the company. in a research note on Tuesday, April 1st. Finally, Barclays restated a "hold" rating on shares of MicroStrategy in a research report on Monday, May 19th. One analyst has rated the stock with a sell rating, two have assigned 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, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $514.42.

MicroStrategy Trading Down 0.1%

The business's 50-day simple moving average is $375.17 and its two-hundred day simple moving average is $341.02. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $100.94 billion, a PE ratio of -16.93 and a beta of 3.74.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings results 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 company 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 business posted ($0.83) EPS. The business's revenue for the quarter was down 3.6% on a year-over-year basis.

Insider Buying and Selling

In related news, EVP Wei-Ming Shao sold 1,701 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $374.54, for a total transaction of $637,092.54. Following the transaction, the executive vice president now directly owns 12,726 shares of the company's stock, valued at approximately $4,766,396.04. The trade was a 11.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Jeanine Montgomery sold 339 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $374.55, for a total transaction of $126,972.45. Following the completion of the transaction, the chief accounting officer now directly owns 8,605 shares in the company, valued at $3,223,002.75. This trade represents a 3.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders acquired 25,277 shares of company stock valued at $2,312,345 and sold 85,621 shares valued at $30,974,217. Corporate insiders own 8.46% of the company's stock.

Institutional Trading of MicroStrategy

A number of institutional investors have recently bought and sold shares of the company. Riverview Trust Co acquired a new stake in shares of MicroStrategy during the 4th quarter valued at about $25,000. IAG Wealth Partners LLC bought a new position in MicroStrategy during the fourth quarter valued at approximately $25,000. Quadrant Capital Group LLC lifted its stake in MicroStrategy by 855.6% in the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock valued at $25,000 after acquiring an additional 77 shares during the last quarter. Dunhill Financial LLC acquired a new stake in MicroStrategy in the fourth quarter valued at approximately $26,000. Finally, Parkside Financial Bank & Trust grew its position in MicroStrategy by 422.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker's stock worth $27,000 after acquiring an additional 76 shares in the last quarter. 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.

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