MicroStrategy (NASDAQ:MSTR) Stock Price Down 6.6% – Should You Sell?

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price fell 6.6% during mid-day trading on Friday . The company traded as low as $300.11 and last traded at $303.06. 5,990,502 shares traded hands during trading, a decline of 66% from the average session volume of 17,827,162 shares. The stock had previously closed at $324.59.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on MSTR shares. 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 report on Thursday, February 6th. Barclays reduced their target price on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Keefe, Bruyette & Woods began coverage on MicroStrategy in a research note on Friday, February 7th. They set an “outperform” rating and a $560.00 price target on the stock. Monness Crespi & Hardt began coverage on MicroStrategy in a research note on Wednesday, March 19th. They issued a “neutral” rating for the company. Finally, Cantor Fitzgerald boosted their price objective on MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $536.90.

MicroStrategy Stock Down 10.8 %

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 firm has a market capitalization of $74.48 billion, a P/E ratio of -51.38 and a beta of 3.36. The stock’s 50-day simple moving average is $313.64 and its 200-day simple moving average is $294.89.

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

Insider Transactions at MicroStrategy

In other MicroStrategy news, Director Leslie J. Rechan sold 15,000 shares of the business’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total value of $5,038,500.00. Following the transaction, the director now directly owns 4,970 shares in the company, valued at $1,669,423. The trade was a 75.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Andrew Kang sold 2,185 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $329.26, for a total transaction of $719,433.10. Following the transaction, the chief financial officer now directly owns 15,215 shares of the company’s stock, valued at $5,009,690.90. This represents a 12.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 8,000 shares of company stock worth $680,000 and have sold 22,998 shares worth $7,671,926. Company insiders own 9.16% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in MicroStrategy by 10.2% in the 4th quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker’s stock valued at $881,470,000 after acquiring an additional 281,342 shares during the period. Norges Bank purchased a new position in shares of MicroStrategy in the fourth quarter worth about $523,981,000. Northern Trust Corp raised its position in shares of MicroStrategy by 24.4% in the fourth quarter. Northern Trust Corp now owns 1,076,185 shares of the software maker’s stock valued at $311,685,000 after purchasing an additional 210,997 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of MicroStrategy by 25.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 802,464 shares of the software maker’s stock valued at $232,410,000 after buying an additional 162,757 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of MicroStrategy by 14.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker’s stock valued at $220,626,000 after buying an additional 97,515 shares in the last quarter. 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.