MicroStrategy (NASDAQ:MSTR) Trading Down 1.1% – Time to Sell?

MicroStrategy Incorporated (NASDAQ:MSTR)’s stock price fell 1.1% on Monday . The company traded as low as $308.90 and last traded at $330.99. 7,648,283 shares were traded during trading, a decline of 59% from the average session volume of 18,539,137 shares. The stock had previously closed at $334.79.

Analysts Set New Price Targets

MSTR has been the topic of several research analyst reports. Mizuho initiated coverage on shares of MicroStrategy in a research report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 target price on the stock. Maxim Group lifted their price objective on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Compass Point raised MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. Barclays lifted their price target on MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Finally, Benchmark reaffirmed a “buy” rating and set a $650.00 target price on shares of MicroStrategy in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $483.22.

MicroStrategy Stock Performance

The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market capitalization of $83.18 billion, a price-to-earnings ratio of -164.73 and a beta of 3.25. The firm has a 50-day simple moving average of $359.82 and a two-hundred day simple moving average of $250.87.

Insider Buying and Selling

In related news, CEO Phong Le sold 1,252 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total value of $403,707.40. Following the transaction, the chief executive officer now owns 13,918 shares of the company’s stock, valued at $4,487,859.10. This represents a 8.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Jeanine Montgomery sold 56,250 shares of MicroStrategy stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total value of $14,479,312.50. Following the sale, the chief accounting officer now directly owns 5,670 shares of the company’s stock, valued at $1,459,514.70. This trade represents a 90.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,000 shares of company stock valued at $32,259,177 in the last ninety days. Company insiders own 9.16% of the company’s stock.

Institutional Investors Weigh In On MicroStrategy

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC grew its holdings in shares of MicroStrategy by 990.6% during the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker’s stock worth $465,573,000 after purchasing an additional 2,512,645 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in MicroStrategy by 587.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 664,261 shares of the software maker’s stock valued at $111,994,000 after buying an additional 567,628 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of MicroStrategy by 971.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 639,707 shares of the software maker’s stock valued at $107,855,000 after acquiring an additional 579,994 shares during the period. Swiss National Bank grew its position in shares of MicroStrategy by 904.7% during the third quarter. Swiss National Bank now owns 468,200 shares of the software maker’s stock worth $78,939,000 after acquiring an additional 421,600 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of MicroStrategy by 21.0% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 415,098 shares of the software maker’s stock valued at $120,221,000 after acquiring an additional 71,934 shares during the period. Institutional investors and hedge funds 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.