MicroStrategy (NASDAQ:MSTR) Stock Price Down 7.6% – Time to Sell?

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price fell 7.6% on Thursday . The company traded as low as $285.58 and last traded at $288.84. Approximately 5,803,810 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 17,809,304 shares. The stock had previously closed at $312.54.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Barclays cut their price objective on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Maxim Group raised their price target on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Mizuho started coverage on shares of MicroStrategy in a report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price target for the company. Compass Point upgraded shares of MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Finally, Canaccord Genuity Group cut their price target on MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $508.09.

MicroStrategy Stock Up 4.0 %

The stock has a fifty day moving average price of $305.50 and a two-hundred day moving average price of $299.41. The firm has a market capitalization of $75.56 billion, a P/E ratio of -52.12 and a beta of 3.36. 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 issued its quarterly earnings data 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%.

Insider Transactions at MicroStrategy

In other news, CFO Andrew Kang purchased 1,500 shares of MicroStrategy stock in a transaction that occurred on Thursday, March 20th. The stock was acquired at an average price of $85.00 per share, for a total transaction of $127,500.00. Following the transaction, the chief financial officer now owns 1,500 shares in the company, valued at $127,500. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Leslie J. Rechan sold 15,000 shares of MicroStrategy stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the transaction, the director now owns 4,970 shares in the company, valued at approximately $1,669,423. The trade was a 75.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 8,000 shares of company stock valued at $680,000 and sold 22,998 shares valued at $7,671,926. Company insiders own 9.16% of the company’s stock.

Institutional Investors Weigh In On MicroStrategy

Hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC lifted its position in MicroStrategy by 990.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock worth $465,573,000 after buying an additional 2,512,645 shares in the last quarter. Norges Bank acquired a new position in shares of MicroStrategy in the fourth quarter worth $523,981,000. Amundi raised its holdings in shares of MicroStrategy by 262.8% during the fourth quarter. Amundi now owns 570,217 shares of the software maker’s stock worth $165,146,000 after acquiring an additional 413,028 shares in the last quarter. First Trust Advisors LP boosted its position in MicroStrategy by 266.1% during the fourth quarter. First Trust Advisors LP now owns 417,574 shares of the software maker’s stock valued at $120,938,000 after purchasing an additional 303,517 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in MicroStrategy in the fourth quarter valued at about $81,783,000. 59.84% of the stock is owned by hedge funds and other institutional investors.

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.