MicroStrategy (NASDAQ:MSTR) Trading Down 4.2%

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) shares fell 4.2% during mid-day trading on Thursday . The company traded as low as $1,822.23 and last traded at $1,839.00. 1,305,991 shares changed hands during trading, a decline of 42% from the average session volume of 2,248,500 shares. The stock had previously closed at $1,919.16.

Analyst Ratings Changes

A number of research firms have issued reports on MSTR. Benchmark began coverage on shares of MicroStrategy in a report on Tuesday, February 27th. They set a "buy" rating and a $990.00 price objective on the stock. BTIG Research lifted their target price on MicroStrategy from $560.00 to $690.00 and gave the stock a "buy" rating in a research note on Monday, December 11th. StockNews.com upgraded MicroStrategy to a "sell" rating in a research note on Monday, March 18th. TD Cowen lowered their target price on MicroStrategy from $1,560.00 to $1,450.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 20th. Finally, Canaccord Genuity Group reiterated a "buy" rating and set a $1,810.00 target price on shares of MicroStrategy in a research note on Thursday. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $1,074.00.

MicroStrategy Stock Down 11.2 %

The stock has a 50 day moving average of $989.63 and a 200-day moving average of $648.76. The firm has a market capitalization of $28.93 billion, a P/E ratio of 60.49 and a beta of 2.82. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.83 and a current ratio of 0.83.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The software maker reported $5.62 earnings per share for the quarter. The firm had revenue of $124.48 million during the quarter, compared to analyst estimates of $134.90 million. MicroStrategy had a return on equity of 42.81% and a net margin of 86.47%.

Insider Activity at MicroStrategy

In related news, Chairman Michael J. Saylor sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $453.35, for a total transaction of $2,266,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other MicroStrategy news, Director Jarrod M. Patten sold 3,675 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $1,632.55, for a total value of $5,999,621.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Michael J. Saylor sold 5,000 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $453.35, for a total value of $2,266,750.00. The disclosure for this sale can be found here. Insiders sold a total of 121,396 shares of company stock worth $87,014,015 over the last quarter. 20.79% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MicroStrategy

Institutional investors have recently modified their holdings of the stock. Capital International Investors boosted its position in shares of MicroStrategy by 0.3% during the fourth quarter. Capital International Investors now owns 1,558,897 shares of the software maker's stock valued at $984,631,000 after buying an additional 4,858 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of MicroStrategy by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 1,151,977 shares of the software maker's stock valued at $727,612,000 after buying an additional 24,997 shares during the last quarter. Capital World Investors boosted its position in shares of MicroStrategy by 5.9% during the first quarter. Capital World Investors now owns 622,941 shares of the software maker's stock valued at $302,949,000 after buying an additional 34,945 shares during the last quarter. First Trust Advisors LP boosted its position in shares of MicroStrategy by 31.9% during the first quarter. First Trust Advisors LP now owns 226,800 shares of the software maker's stock valued at $110,297,000 after buying an additional 54,911 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of MicroStrategy by 16.4% during the second quarter. Geode Capital Management LLC now owns 221,013 shares of the software maker's stock valued at $75,679,000 after buying an additional 31,090 shares during the last quarter. 72.03% 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.