MicroStrategy (NASDAQ:MSTR) Trading Down 1.3% – Should You Sell?

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MSTR. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $600.00 price objective on shares of MicroStrategy in a research note on Thursday, December 12th. Benchmark reaffirmed a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a report on Tuesday, January 14th. TD Cowen lifted their price objective on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Compass Point upgraded MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods started coverage on MicroStrategy in a report on Friday, February 7th. They set an “outperform” rating and a $560.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $536.90.

MicroStrategy Trading Up 3.9 %

The company has a market cap of $80.94 billion, a PE ratio of -59.96 and a beta of 3.25. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The company has a fifty day simple moving average of $349.12 and a two-hundred day simple moving average of $261.08.

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

Insiders Place Their Bets

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

Institutional Investors Weigh In On MicroStrategy

Large investors have recently modified their holdings of the stock. Creative Planning increased its stake in MicroStrategy by 1,294.2% in the 3rd quarter. Creative Planning now owns 89,784 shares of the software maker’s stock valued at $15,138,000 after buying an additional 83,344 shares during the period. NBC Securities Inc. raised its holdings in MicroStrategy by 900.0% during the third quarter. NBC Securities Inc. now owns 820 shares of the software maker’s stock worth $138,000 after purchasing an additional 738 shares in the last quarter. Vontobel Holding Ltd. lifted its position in MicroStrategy by 411.2% in the third quarter. Vontobel Holding Ltd. now owns 24,710 shares of the software maker’s stock valued at $4,166,000 after purchasing an additional 19,876 shares during the period. Global Retirement Partners LLC boosted its holdings in MicroStrategy by 566.3% in the 3rd quarter. Global Retirement Partners LLC now owns 15,284 shares of the software maker’s stock valued at $2,577,000 after purchasing an additional 12,990 shares in the last quarter. Finally, Bleakley Financial Group LLC increased its position in MicroStrategy by 1,854.2% during the 3rd quarter. Bleakley Financial Group LLC now owns 9,048 shares of the software maker’s stock worth $1,525,000 after purchasing an additional 8,585 shares during the period. Hedge funds and other 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.