MicroStrategy (NASDAQ:MSTR) Trading Down 2.4%

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) fell 2.4% during trading on Thursday . The stock traded as low as $1,510.09 and last traded at $1,527.90. 581,133 shares were traded during mid-day trading, a decline of 74% from the average session volume of 2,241,804 shares. The stock had previously closed at $1,566.00.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. TD Cowen lowered their target price on shares of MicroStrategy from $1,560.00 to $1,450.00 and set an "outperform" rating on the stock in a report on Wednesday, March 20th. StockNews.com raised shares of MicroStrategy to a "sell" rating in a research report on Monday, March 18th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $1,810.00 price objective on shares of MicroStrategy in a research note on Thursday, March 28th. Benchmark increased their target price on MicroStrategy from $990.00 to $1,875.00 and gave the company a "buy" rating in a research report on Monday. Finally, BTIG Research upped their price objective on MicroStrategy from $780.00 to $1,800.00 and gave the stock a "buy" rating in a research note on Friday, April 5th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,473.00.

MicroStrategy Price Performance

The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.01. The firm has a market cap of $26.33 billion, a PE ratio of 54.22 and a beta of 2.89. The stock has a 50 day moving average price of $1,184.86 and a two-hundred day moving average price of $728.26.

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

Insiders Place Their Bets

In related news, CFO Andrew Kang sold 3,750 shares of the firm's stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $870.31, for a total transaction of $3,263,662.50. Following the sale, the chief financial officer now owns 873 shares in the company, valued at $759,780.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CFO Andrew Kang sold 3,750 shares of the business's stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $870.31, for a total value of $3,263,662.50. Following the completion of the sale, the chief financial officer now owns 873 shares of the company's stock, valued at approximately $759,780.63. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Phong Le sold 10,000 shares of the company's stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $861.24, for a total transaction of $8,612,400.00. Following the transaction, the chief executive officer now owns 595 shares of the company's stock, valued at $512,437.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 127,084 shares of company stock valued at $110,295,168. Company insiders own 22.59% of the company's stock.

Institutional Investors Weigh In On MicroStrategy

Large investors have recently bought and sold shares of the company. IFP Advisors Inc lifted its position in MicroStrategy by 90.0% during the fourth quarter. IFP Advisors Inc now owns 2,874 shares of the software maker's stock worth $1,815,000 after buying an additional 1,361 shares in the last quarter. Strong Tower Advisory Services acquired a new stake in MicroStrategy during the fourth quarter worth $6,566,000. Vanguard Group Inc. lifted its stake in shares of MicroStrategy by 10.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,126,980 shares of the software maker's stock valued at $369,965,000 after purchasing an additional 103,107 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of MicroStrategy by 498.9% during the 4th quarter. SG Americas Securities LLC now owns 8,768 shares of the software maker's stock worth $5,538,000 after purchasing an additional 7,304 shares during the period. Finally, California Public Employees Retirement System increased its position in shares of MicroStrategy by 31.1% during the 3rd quarter. California Public Employees Retirement System now owns 20,519 shares of the software maker's stock worth $6,736,000 after purchasing an additional 4,871 shares during the last quarter. 72.03% of the stock is currently owned by hedge funds and other institutional investors.

About MicroStrategy

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.