MicroStrategy (NASDAQ:MSTR) Trading Down 3.6% - Here's What Happened

Shares of MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) traded down 3.6% during mid-day trading on Monday . The stock traded as low as $337.60 and last traded at $341.05. 7,030,173 shares were traded during trading, a decline of 65% from the average session volume of 19,820,551 shares. The stock had previously closed at $353.67.

Analyst Ratings Changes

Several research firms have weighed in on MSTR. Sanford C. Bernstein reiterated an "outperform" rating and set a $600.00 target price on shares of MicroStrategy in a research note on Thursday, December 12th. Canaccord Genuity Group increased their price objective on shares of MicroStrategy from $300.00 to $510.00 and gave the stock a "buy" rating in a report on Monday, November 25th. Benchmark reissued a "buy" rating and issued a $650.00 price target on shares of MicroStrategy in a research note on Tuesday, January 14th. Barclays raised their price objective on shares of MicroStrategy from $275.00 to $515.00 and gave the company an "overweight" rating in a research note on Monday, November 25th. Finally, TD Cowen raised their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the company a "buy" rating in a research report on Monday, November 25th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $479.25.

MicroStrategy Stock Performance

The stock's 50 day moving average is $367.05 and its two-hundred day moving average is $245.76. The firm has a market capitalization of $83.38 billion, a P/E ratio of -165.12 and a beta of 3.25. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced its earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($1.44). MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The company had revenue of $116.07 million during the quarter, compared to analyst estimates of $121.45 million. During the same period in the previous year, the company posted ($8.98) earnings per share. MicroStrategy's revenue for the quarter was down 10.3% on a year-over-year basis.

Insider Activity

In other MicroStrategy news, EVP Wei-Ming Shao sold 18,000 shares of MicroStrategy stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the transaction, the executive vice president now directly owns 6,460 shares of the company's stock, valued at approximately $2,377,344.60. The trade was a 73.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jeanine Montgomery sold 56,250 shares of the company's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the sale, the chief accounting officer now directly owns 5,670 shares in the company, valued at $1,459,514.70. This trade represents a 90.84 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,000 shares of company stock valued at $32,259,177. 9.16% of the stock is owned by company insiders.

Hedge Funds Weigh In On MicroStrategy

A number of hedge funds have recently bought and sold shares of MSTR. National Bank of Canada FI boosted its position in MicroStrategy by 746.2% in the third quarter. National Bank of Canada FI now owns 20,647 shares of the software maker's stock worth $3,481,000 after purchasing an additional 18,207 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in MicroStrategy during the third quarter valued at about $254,000. Wellington Management Group LLP increased its holdings in MicroStrategy by 979.8% during the third quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker's stock worth $1,134,000 after buying an additional 6,104 shares during the last quarter. US Bancorp DE increased its holdings in MicroStrategy by 782.8% during the third quarter. US Bancorp DE now owns 4,255 shares of the software maker's stock worth $717,000 after buying an additional 3,773 shares during the last quarter. Finally, Virtu Financial LLC raised its position in MicroStrategy by 10,398.4% in the third quarter. Virtu Financial LLC now owns 224,245 shares of the software maker's stock worth $37,808,000 after acquiring an additional 222,109 shares during the period. 59.84% of the stock is 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.