MicroStrategy (NASDAQ:MSTR) Shares Down 1.3% – Time to Sell?

MicroStrategy Incorporated (NASDAQ:MSTR)’s stock price fell 1.3% during mid-day trading on Thursday . The company traded as low as $321.18 and last traded at $322.72. 2,783,808 shares changed hands during trading, a decline of 83% from the average session volume of 16,796,914 shares. The stock had previously closed at $326.82.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods assumed coverage on shares of MicroStrategy in a report on Friday, February 7th. They set an “outperform” rating and a $560.00 target price for the company. Mizuho started coverage on shares of MicroStrategy in a report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 target price for the company. Cantor Fitzgerald lifted their target price on shares of MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. BTIG Research lifted their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Benchmark reissued a “buy” rating and set a $650.00 price target on shares of MicroStrategy in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $536.90.

MicroStrategy Stock Performance

The business’s 50-day simple moving average is $351.50 and its 200 day simple moving average is $259.45. The firm has a market cap of $77.06 billion, a P/E ratio of -57.03 and a beta of 3.25. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Insider Activity at MicroStrategy

In other MicroStrategy news, Director Stephen X. Graham sold 20,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $451.36, for a total value of $9,027,200.00. Following the transaction, the director now directly owns 6,970 shares in the company, valued at $3,145,979.20. This represents a 74.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.16% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MicroStrategy

Hedge funds have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC lifted its position in shares of MicroStrategy by 855.6% in the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock worth $25,000 after purchasing an additional 77 shares during the period. Riverview Trust Co purchased a new stake in shares of MicroStrategy in the 4th quarter worth approximately $25,000. IAG Wealth Partners LLC purchased a new stake in shares of MicroStrategy in the 4th quarter worth approximately $25,000. Parkside Financial Bank & Trust lifted its position in shares of MicroStrategy by 422.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock worth $27,000 after purchasing an additional 76 shares during the period. Finally, Aspect Partners LLC purchased a new stake in MicroStrategy during the fourth quarter valued at approximately $28,000. 59.84% of the stock is currently owned by institutional investors.

About MicroStrategy

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.