MicroStrategy Sees Unusually Large Options Volume (NASDAQ:MSTR)

MicroStrategy Incorporated (NASDAQ:MSTRGet Rating) was the target of unusually large options trading activity on Wednesday. Investors bought 21,179 put options on the stock. This is an increase of approximately 23% compared to the typical daily volume of 17,270 put options.

Analyst Ratings Changes

Several analysts have commented on the stock. Canaccord Genuity Group lowered their price objective on shares of MicroStrategy from $453.00 to $372.00 in a research report on Thursday, August 4th. Jefferies Financial Group decreased their target price on shares of MicroStrategy from $175.00 to $140.00 and set an “underperform” rating on the stock in a report on Thursday, November 10th.

Institutional Trading of MicroStrategy

A number of institutional investors have recently made changes to their positions in the stock. Captrust Financial Advisors boosted its holdings in shares of MicroStrategy by 191.4% in the third quarter. Captrust Financial Advisors now owns 2,238 shares of the software maker’s stock worth $475,000 after buying an additional 1,470 shares during the last quarter. Horizon Kinetics Asset Management LLC raised its position in shares of MicroStrategy by 3.9% during the third quarter. Horizon Kinetics Asset Management LLC now owns 19,069 shares of the software maker’s stock valued at $4,048,000 after buying an additional 722 shares during the last quarter. Two Sigma Advisers LP raised its position in shares of MicroStrategy by 54.9% during the third quarter. Two Sigma Advisers LP now owns 130,100 shares of the software maker’s stock valued at $27,615,000 after buying an additional 46,100 shares during the last quarter. Vanguard Group Inc. raised its position in shares of MicroStrategy by 0.8% during the third quarter. Vanguard Group Inc. now owns 897,907 shares of the software maker’s stock valued at $190,590,000 after buying an additional 7,550 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in MicroStrategy by 2.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 5,803 shares of the software maker’s stock worth $1,232,000 after purchasing an additional 165 shares during the last quarter. Hedge funds and other institutional investors own 55.50% of the company’s stock.

MicroStrategy Stock Performance

Shares of MSTR stock opened at $169.44 on Thursday. MicroStrategy has a one year low of $134.09 and a one year high of $765.00. The company’s 50-day moving average is $224.11 and its 200 day moving average is $234.12. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of -1.46 and a beta of 2.23. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.78 and a current ratio of 0.78.

About MicroStrategy

(Get Rating)

MicroStrategy Incorporated provides enterprise analytics software and services worldwide. It offers MicroStrategy, an enterprise platform, which provides a modern analytics experience by delivering insights across multiple devices to users via hyperintelligence products, visualization and reporting capabilities, mobility features, and custom applications developed on the platform; analysts and data scientists with seamless access to trusted, governed data directly within their tools; and APIs and gateways, multiple deployment options, enterprise semantic graph, scalability, and security.

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