MicroStrategy (NASDAQ:MSTR) Shares Down 0.3% – Should You Sell?

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price fell 0.3% on Wednesday . The stock traded as low as $332.39 and last traded at $332.88. 2,797,082 shares traded hands during trading, a decline of 83% from the average session volume of 16,284,830 shares. The stock had previously closed at $333.97.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MSTR. Canaccord Genuity Group dropped their price target on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Cantor Fitzgerald raised their price objective on shares of MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Sanford C. Bernstein restated an “outperform” rating and set a $600.00 price objective on shares of MicroStrategy in a research report on Thursday, December 12th. Maxim Group raised their price objective on shares of MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods started coverage on shares of MicroStrategy in a research report on Friday, February 7th. They set an “outperform” rating and a $560.00 price objective on the stock. One analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $536.90.

MicroStrategy Stock Performance

The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The company has a market capitalization of $71.82 billion, a P/E ratio of -53.20 and a beta of 3.25. The business’s fifty day simple moving average is $344.48 and its 200-day simple moving average is $265.91.

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

Hedge Funds Weigh In On MicroStrategy

Institutional investors and hedge funds have recently made changes to their positions in the business. National Bank of Canada FI grew its stake in shares of MicroStrategy by 746.2% in the 3rd quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock worth $3,481,000 after buying an additional 18,207 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in shares of MicroStrategy in the 3rd quarter worth $254,000. Clarity Capital Partners LLC grew its stake in shares of MicroStrategy by 122.3% in the 4th quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker’s stock worth $7,274,000 after buying an additional 13,817 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of MicroStrategy by 979.8% in the 3rd 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 in the last quarter. Finally, US Bancorp DE grew its stake in shares of MicroStrategy by 782.8% in the 3rd quarter. US Bancorp DE now owns 4,255 shares of the software maker’s stock worth $717,000 after buying an additional 3,773 shares in the last quarter. 59.84% of the stock is owned by hedge funds and other 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.