MicroStrategy (NASDAQ:MSTR) Stock Price Down 0% – Should You Sell?

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) fell 0% during trading on Thursday . The stock traded as low as $253.76 and last traded at $262.49. 5,359,693 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 18,652,767 shares. The stock had previously closed at $262.55.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Maxim Group lifted their price objective on shares of MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Sanford C. Bernstein restated an “outperform” rating and issued a $600.00 target price on shares of MicroStrategy in a report on Thursday, December 12th. BTIG Research lifted their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Barclays lowered their price target on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Finally, Mizuho assumed coverage on MicroStrategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 target price on the stock. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $536.90.

MicroStrategy Price Performance

The company’s fifty day simple moving average is $323.17 and its 200-day simple moving average is $280.08. The stock has a market cap of $66.85 billion, a P/E ratio of -46.07 and a beta of 3.36. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (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%.

Hedge Funds Weigh In On MicroStrategy

Hedge funds and other institutional investors have recently modified their holdings of the stock. National Bank of Canada FI raised its stake in MicroStrategy by 746.2% during the third quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock worth $3,481,000 after acquiring an additional 18,207 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of MicroStrategy in the 4th quarter worth about $81,783,000. B. Riley Wealth Advisors Inc. bought a new position in MicroStrategy during the 3rd quarter valued at about $254,000. Clarity Capital Partners LLC boosted its position in MicroStrategy by 122.3% in the fourth quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker’s stock valued at $7,274,000 after buying an additional 13,817 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in MicroStrategy by 979.8% during the third quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock worth $1,134,000 after buying an additional 6,104 shares during the last quarter. Institutional investors own 59.84% 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.