MicroStrategy (NASDAQ:MSTR) Shares Down 3%

MicroStrategy Incorporated (NASDAQ:MSTR) was down 3% during trading on Monday . The stock traded as low as $344.80 and last traded at $345.53. Approximately 137,461 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 776,407 shares. The stock had previously closed at $356.28.

Analyst Ratings Changes

Several analysts have issued reports on the stock. TD Cowen assumed coverage on shares of MicroStrategy in a research report on Wednesday, July 26th. They issued an “outperform” rating and a $520.00 price objective for the company. StockNews.com assumed coverage on shares of MicroStrategy in a research report on Thursday, August 17th. They issued a “sell” rating for the company. Finally, BTIG Research assumed coverage on shares of MicroStrategy in a research report on Tuesday, July 11th. They issued a “buy” rating and a $490.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $390.00.

MicroStrategy Price Performance

The company has a debt-to-equity ratio of 2.66, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market cap of $4.83 billion, a price-to-earnings ratio of 37.63 and a beta of 2.46. The business’s 50-day moving average price is $389.04 and its two-hundred day moving average price is $322.90.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data on Tuesday, August 1st. The software maker reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $1.63. The firm had revenue of $120.40 million during the quarter, compared to the consensus estimate of $124.85 million. MicroStrategy had a net margin of 41.32% and a return on equity of 140.01%. On average, research analysts forecast that MicroStrategy Incorporated will post 28.88 EPS for the current fiscal year.

Insider Buying and Selling at MicroStrategy

In other MicroStrategy news, Director Jarrod M. Patten sold 450 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $391.05, for a total value of $175,972.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other MicroStrategy news, EVP Wei-Ming Shao sold 10,000 shares of the business’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $300.77, for a total value of $3,007,700.00. Following the sale, the executive vice president now directly owns 316 shares in the company, valued at $95,043.32. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jarrod M. Patten sold 450 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $391.05, for a total transaction of $175,972.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,950 shares of company stock worth $6,336,828. 20.79% of the stock is owned by insiders.

Institutional Investors Weigh In On MicroStrategy

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Virginia Retirement Systems ET AL bought a new stake in MicroStrategy in the second quarter worth about $445,000. California State Teachers Retirement System increased its stake in MicroStrategy by 12.9% in the 2nd quarter. California State Teachers Retirement System now owns 13,336 shares of the software maker’s stock worth $4,567,000 after purchasing an additional 1,524 shares in the last quarter. GTS Securities LLC purchased a new position in MicroStrategy in the 2nd quarter worth about $1,545,000. Alliancebernstein L.P. increased its stake in MicroStrategy by 23.9% in the 2nd quarter. Alliancebernstein L.P. now owns 13,563 shares of the software maker’s stock worth $4,644,000 after purchasing an additional 2,620 shares in the last quarter. Finally, Equitable Holdings Inc. purchased a new position in MicroStrategy in the 2nd quarter worth about $351,000. 49.44% of the stock is currently owned by institutional investors.

About MicroStrategy

MicroStrategy Incorporated provides enterprise analytics software and services in the United States, Canada, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy, an enterprise analytics software platform that enables users to create visualizations, customize apps, and embed analytics directly into workflows; and MicroStrategy Cloud Environment, a managed software-as-a-service solution, which offers always-on threat monitoring and enables rapid analytics development and deployment to deliver security and data privacy requirements.