MicroStrategy (NASDAQ:MSTR) Shares Down 2.1% Following Weak Earnings

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) traded down 2.1% during trading on Wednesday following a dissappointing earnings announcement. The stock traded as low as $340.16 and last traded at $340.96. 2,918,263 shares were traded during trading, a decline of 84% from the average session volume of 18,110,059 shares. The stock had previously closed at $348.31.

The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. TD Cowen lifted their target price on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Mizuho initiated coverage on shares of MicroStrategy in a research report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 target price for the company. Compass Point upgraded shares of MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Cantor Fitzgerald lifted their target price on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Maxim Group upped their price target on shares of MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $546.30.

Insider Buying and Selling at MicroStrategy

In other MicroStrategy news, Director Stephen X. Graham sold 20,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the transaction, the director now directly owns 6,970 shares in the company, valued at approximately $3,145,979.20. This trade represents a 74.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jeanine Montgomery sold 752 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total transaction of $242,482.40. Following the completion of the sale, the chief accounting officer now owns 6,418 shares of the company’s stock, valued at approximately $2,069,484.10. The trade was a 10.49 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,050 shares of company stock worth $16,314,110. 9.16% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. UMB Bank n.a. increased its stake in MicroStrategy by 900.0% in the 3rd quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock valued at $25,000 after buying an additional 135 shares during the last quarter. AlphaMark Advisors LLC increased its position in shares of MicroStrategy by 2,900.0% during the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock valued at $25,000 after acquiring an additional 145 shares during the last quarter. Riverview Trust Co bought a new stake in MicroStrategy during the fourth quarter worth $25,000. Capital Performance Advisors LLP purchased a new position in MicroStrategy in the third quarter worth $27,000. Finally, Sunbelt Securities Inc. grew its stake in MicroStrategy by 900.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock valued at $27,000 after purchasing an additional 144 shares during the period. 59.84% of the stock is owned by institutional investors.

MicroStrategy Trading Up 0.6 %

The stock has a market capitalization of $78.50 billion, a PE ratio of -155.46 and a beta of 3.25. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The firm has a 50-day moving average price of $356.27 and a 200-day moving average price of $254.50.

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.