MicroStrategy (NASDAQ:MSTR) Shares Down 5%

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) shares fell 5% during mid-day trading on Monday . The stock traded as low as $1,401.00 and last traded at $1,406.00. 468,288 shares were traded during mid-day trading, a decline of 79% from the average session volume of 2,215,433 shares. The stock had previously closed at $1,479.58.

Analyst Ratings Changes

Several brokerages have recently issued reports on MSTR. Benchmark lifted their price objective on shares of MicroStrategy from $990.00 to $1,875.00 and gave the stock a "buy" rating in a research note on Monday, April 8th. StockNews.com raised shares of MicroStrategy to a "sell" rating in a research note on Monday, March 18th. TD Cowen lowered their price objective on shares of 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. 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. Finally, BTIG Research lifted their target price on shares of MicroStrategy from $780.00 to $1,800.00 and gave the stock a "buy" rating in a research report on Friday, April 5th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to data from MarketBeat, MicroStrategy presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,473.00.

MicroStrategy Stock Performance

The company has a debt-to-equity ratio of 1.01, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market capitalization of $22.67 billion, a price-to-earnings ratio of 47.41 and a beta of 2.89. The firm's fifty day moving average is $1,242.32 and its 200 day moving average is $755.06.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The software maker reported $5.62 EPS for the quarter. The business had revenue of $124.48 million during the quarter, compared to analysts' expectations of $134.90 million. MicroStrategy had a net margin of 86.47% and a return on equity of 42.81%.

Insider Buying and Selling

In other MicroStrategy news, EVP Wei-Ming Shao sold 350 shares of MicroStrategy stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $711.32, for a total value of $248,962.00. Following the completion of the sale, the executive vice president now directly owns 453 shares in the company, valued at $322,227.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Chairman Michael J. Saylor sold 5,000 shares of MicroStrategy stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $480.74, for a total value of $2,403,700.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Wei-Ming Shao sold 350 shares of MicroStrategy stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $711.32, for a total transaction of $248,962.00. Following the completion of the transaction, the executive vice president now directly owns 453 shares in the company, valued at approximately $322,227.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 127,084 shares of company stock worth $115,246,068. 22.59% of the stock is owned by company insiders.

Hedge Funds Weigh In On MicroStrategy

A number of institutional investors have recently modified their holdings of the company. Rise Advisors LLC raised its position in shares of MicroStrategy by 233.3% in the first quarter. Rise Advisors LLC now owns 20 shares of the software maker's stock valued at $34,000 after purchasing an additional 14 shares during the period. ST Germain D J Co. Inc. bought a new position in MicroStrategy during the first quarter worth $29,000. CWM LLC increased its position in MicroStrategy by 7.3% during the fourth quarter. CWM LLC now owns 396 shares of the software maker's stock worth $250,000 after acquiring an additional 27 shares during the period. Signaturefd LLC increased its position in MicroStrategy by 85.3% during the fourth quarter. Signaturefd LLC now owns 63 shares of the software maker's stock worth $40,000 after acquiring an additional 29 shares during the period. Finally, Parallel Advisors LLC increased its position in MicroStrategy by 30.7% during the fourth quarter. Parallel Advisors LLC now owns 132 shares of the software maker's stock worth $83,000 after acquiring an additional 31 shares during the period. Institutional investors own 72.03% of the company's stock.

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.