MicroStrategy (NASDAQ:MSTR) Trading Down 1.4% – Time to Sell?

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price fell 1.4% during mid-day trading on Thursday . The stock traded as low as $322.70 and last traded at $323.69. 10,204,571 shares were traded during trading, a decline of 40% from the average session volume of 17,057,340 shares. The stock had previously closed at $328.38.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MSTR. Benchmark increased their price target on MicroStrategy from $245.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Sanford C. Bernstein dropped their price objective on shares of MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 9th. TD Cowen increased their price target on shares of MicroStrategy from $200.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. BTIG Research increased their target price on shares of MicroStrategy from $180.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, Barclays lifted their price target on MicroStrategy from $225.00 to $275.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $271.13.

MicroStrategy Trading Up 1.9 %

The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The company’s 50 day moving average price is $196.14 and its two-hundred day moving average price is $162.69. The stock has a market capitalization of $67.83 billion, a PE ratio of -153.63 and a beta of 3.05.

MicroStrategy (NASDAQ:MSTR) last issued 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). MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The business had revenue of $116.07 million for the quarter, compared to analyst estimates of $121.45 million. During the same period in the previous year, the business posted ($8.98) earnings per share. The firm’s revenue for the quarter was down 10.3% compared to the same quarter last year.

Insider Buying and Selling

In other MicroStrategy news, CFO Andrew Kang sold 5,700 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total transaction 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CAO Jeanine Montgomery sold 56,250 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total value of $14,479,312.50. Following the completion of the transaction, the chief accounting officer now owns 5,670 shares in the company, valued at $1,459,514.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Andrew Kang sold 5,700 shares of the company’s stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 12,080 shares in the company, valued at $3,106,372. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 163,788 shares of company stock worth $29,895,333. Company insiders own 13.18% of the company’s stock.

Institutional Investors Weigh In On MicroStrategy

Large investors have recently bought and sold shares of the stock. UMB Bank n.a. boosted 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 worth $25,000 after buying an additional 135 shares during the last quarter. AlphaMark Advisors LLC raised its position in MicroStrategy by 2,900.0% in the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock valued at $25,000 after purchasing an additional 145 shares during the period. Capital Performance Advisors LLP acquired a new position in MicroStrategy during the 3rd quarter worth approximately $27,000. ST Germain D J Co. Inc. boosted its stake in shares of MicroStrategy by 900.0% in the third quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock valued at $29,000 after purchasing an additional 153 shares during the period. Finally, Darwin Wealth Management LLC acquired a new stake in shares of MicroStrategy during the third quarter valued at about $32,000. Institutional investors and hedge funds own 72.03% of the company’s stock.

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.