MicroStrategy (NASDAQ:MSTR) Stock Price Down 1.4% – Should You Sell?

MicroStrategy Incorporated (NASDAQ:MSTR) dropped 1.4% during trading on Thursday . The company traded as low as $322.70 and last traded at $323.69. Approximately 10,204,571 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 17,057,340 shares. The stock had previously closed at $328.38.

Wall Street Analyst Weigh In

Several research firms have recently commented on MSTR. Benchmark boosted their target price on shares of MicroStrategy from $245.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. TD Cowen boosted their price target on shares of MicroStrategy from $200.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Canaccord Genuity Group lifted their target price on MicroStrategy from $173.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Cantor Fitzgerald began coverage on MicroStrategy in a research report on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 target price on the stock. Finally, Barclays lifted their price objective on MicroStrategy from $225.00 to $275.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $271.13.

MicroStrategy Stock Up 1.9 %

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’s fifty day moving average price is $196.14 and its 200-day moving average price is $162.69. The stock has a market cap of $67.83 billion, a P/E ratio of -153.63 and a beta of 3.05.

MicroStrategy (NASDAQ:MSTR) last issued its earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($1.44). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The company had revenue of $116.07 million for the quarter, compared to analysts’ expectations of $121.45 million. During the same period in the prior year, the firm posted ($8.98) earnings per share. The firm’s revenue for the quarter was down 10.3% compared to the same quarter last year.

Insider Transactions at MicroStrategy

In other MicroStrategy news, CAO Jeanine Montgomery sold 56,250 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the transaction, the chief accounting officer now directly owns 5,670 shares in the company, valued at $1,459,514.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Jeanine Montgomery sold 56,250 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the sale, the chief accounting officer now owns 5,670 shares of the company’s stock, valued at $1,459,514.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Wei-Ming Shao sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total transaction of $423,600.00. Following the completion of the transaction, the executive vice president now owns 6,460 shares of the company’s stock, valued at $912,152. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 163,788 shares of company stock valued at $29,895,333. 13.18% of the stock is currently owned by corporate insiders.

Institutional Trading of MicroStrategy

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in MicroStrategy in the second quarter worth about $37,000. GAMMA Investing LLC raised its holdings in shares of MicroStrategy by 36.4% in the second quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock worth $41,000 after buying an additional 8 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of MicroStrategy during the first quarter worth $58,000. Signaturefd LLC grew its holdings in shares of MicroStrategy by 13.6% during the second quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock valued at $69,000 after buying an additional 6 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of MicroStrategy in the 2nd quarter valued at $106,000. Hedge funds and other institutional investors own 72.03% 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.