MicroStrategy (NASDAQ:MSTR) Trading Down 1.2% - What's Next?

Key Points

• MicroStrategy's stock fell by 1.2%, trading at $361.91, with a dramatic 81% drop in daily trading volume compared to its average.
• Analysts have varied opinions on MicroStrategy, with price targets ranging from $200 to $700, and a consensus rating of "Moderate Buy."
• Insiders have recently purchased a significant number of shares, with over 278,132 shares bought in the last 90 days, reflecting growing confidence in the company.

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) shares dropped 1.2% on Monday . The stock traded as low as $358.01 and last traded at $361.91. Approximately 2,994,897 shares were traded during trading, a decline of 81% from the average daily volume of 15,369,967 shares. The stock had previously closed at $366.32.

Analyst Upgrades and Downgrades

MSTR has been the subject of several analyst reports. Monness Crespi & Hardt raised their price target on shares of MicroStrategy from $175.00 to $200.00 and gave the company a "sell" rating in a research report on Tuesday, July 15th. BTIG Research raised their price target on shares of MicroStrategy from $620.00 to $700.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Canaccord Genuity Group reissued a "buy" rating on shares of MicroStrategy in a research report on Monday, May 19th. HC Wainwright initiated coverage on shares of MicroStrategy in a research report on Tuesday, April 29th. They set a "buy" rating and a $480.00 price target for the company. Finally, Benchmark reissued a "buy" rating on shares of MicroStrategy in a research report on Wednesday, August 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $552.50.

MicroStrategy Stock Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a market cap of $102.90 billion, a P/E ratio of 31.99 and a beta of 3.76. The business's 50-day simple moving average is $397.95 and its 200 day simple moving average is $354.39.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The software maker reported $32.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.12) by $32.72. MicroStrategy had a net margin of 1,036.61% and a return on equity of 18.83%. The firm had revenue of $114.49 million during the quarter, compared to the consensus estimate of $112.68 million. During the same quarter in the previous year, the firm posted ($5.74) EPS. The company's revenue for the quarter was up 2.7% compared to the same quarter last year.

Insider Activity

In other MicroStrategy news, Director Gregg Winiarski acquired 10,000 shares of the business's stock in a transaction dated Friday, August 8th. The stock was purchased at an average price of $97.65 per share, with a total value of $976,500.00. Following the transaction, the director directly owned 10,000 shares in the company, valued at approximately $976,500. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jeanine Montgomery acquired 5,000 shares of the business's stock in a transaction dated Tuesday, July 29th. The shares were acquired at an average cost of $90.00 per share, with a total value of $450,000.00. Following the transaction, the chief accounting officer owned 5,000 shares in the company, valued at approximately $450,000. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 278,132 shares of company stock worth $25,145,795 and have sold 194,571 shares worth $78,995,024. 8.46% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Dunhill Financial LLC purchased a new position in shares of MicroStrategy during the 4th quarter valued at $26,000. Safe Harbor Fiduciary LLC lifted its stake in shares of MicroStrategy by 820.0% during the 4th quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker's stock valued at $27,000 after buying an additional 82 shares in the last quarter. First United Bank & Trust purchased a new position in shares of MicroStrategy during the 1st quarter valued at $29,000. Siemens Fonds Invest GmbH lifted its stake in shares of MicroStrategy by 6,992.7% during the 4th quarter. Siemens Fonds Invest GmbH now owns 119,654 shares of the software maker's stock valued at $33,000 after buying an additional 117,967 shares in the last quarter. Finally, Binnacle Investments Inc lifted its stake in shares of MicroStrategy by 492.9% during the 2nd quarter. Binnacle Investments Inc now owns 83 shares of the software maker's stock valued at $34,000 after buying an additional 69 shares in the last quarter. Hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.