MicroStrategy Target of Unusually Large Options Trading (NASDAQ:MSTR)

MicroStrategy Incorporated (NASDAQ:MSTR) was the recipient of some unusual options trading on Monday. Investors purchased 579,447 call options on the company. This is an increase of 36% compared to the typical daily volume of 427,322 call options.

Insider Activity

In related news, CFO Andrew Kang sold 5,700 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $257.15, for a total value of $1,465,755.00. Following the transaction, the chief financial officer now owns 12,080 shares of the company’s stock, valued at approximately $3,106,372. This trade represents a 32.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Wei-Ming Shao sold 18,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the completion of the transaction, the executive vice president now owns 6,460 shares in the company, valued at $2,377,344.60. The trade was a 73.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,000 shares of company stock valued at $32,259,177 in the last 90 days. 13.18% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MicroStrategy

A number of hedge funds and other institutional investors have recently bought and sold shares of MSTR. Geode Capital Management LLC raised its stake in MicroStrategy by 990.6% in the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock valued at $465,573,000 after buying an additional 2,512,645 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of MicroStrategy by 587.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker’s stock valued at $111,994,000 after acquiring an additional 567,628 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in MicroStrategy by 971.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker’s stock worth $107,855,000 after purchasing an additional 579,994 shares in the last quarter. Swiss National Bank grew its position in MicroStrategy by 904.7% during the 3rd quarter. Swiss National Bank now owns 468,200 shares of the software maker’s stock worth $78,939,000 after purchasing an additional 421,600 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in MicroStrategy by 1,077.0% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 343,164 shares of the software maker’s stock valued at $57,857,000 after purchasing an additional 314,007 shares in the last quarter. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Analysts Set New Price Targets

MSTR has been the subject of several research analyst reports. Maxim Group upped their price objective on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. TD Cowen upped their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 25th. BTIG Research lifted their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Canaccord Genuity Group upped their target price on shares of MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Finally, Benchmark reiterated a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a research report on Monday. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $479.25.

MicroStrategy Trading Up 11.6 %

Shares of MicroStrategy stock traded up $39.43 on Monday, hitting $379.09. 26,570,391 shares of the company traded hands, compared to its average volume of 23,148,285. The stock’s 50 day moving average price is $343.44 and its 200-day moving average price is $220.81. The company has a market cap of $90.85 billion, a PE ratio of -179.92 and a beta of 3.25. MicroStrategy has a 52 week low of $43.87 and a 52 week high of $543.00. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($1.44). The business had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. MicroStrategy’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same quarter in the prior year, the business posted ($8.98) earnings per share.

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.