MicroStrategy (NASDAQ:MSTR) Trading Down 1.7% – Should You Sell?

MicroStrategy Incorporated (NASDAQ:MSTR) shares dropped 1.7% during mid-day trading on Friday . The stock traded as low as $265.30 and last traded at $277.47. Approximately 7,338,944 shares traded hands during trading, a decline of 59% from the average daily volume of 17,809,869 shares. The stock had previously closed at $282.28.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Maxim Group boosted their target price on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Sanford C. Bernstein reiterated an “outperform” rating and set a $600.00 price objective on shares of MicroStrategy in a research note on Thursday, December 12th. Canaccord Genuity Group dropped their price target on MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Cantor Fitzgerald raised 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. Finally, Barclays dropped their target price on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a report on Monday, February 10th. 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 data from MarketBeat.com, MicroStrategy currently has a consensus rating of “Moderate Buy” and an average target price of $508.09.

MicroStrategy Trading Up 4.0 %

The stock has a market cap of $75.56 billion, a PE ratio of -52.12 and a beta of 3.36. The company’s 50-day moving average price is $305.50 and its 200 day moving average price is $300.59. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71.

MicroStrategy (NASDAQ:MSTR) last posted its 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 Buying and Selling at MicroStrategy

In other MicroStrategy news, CAO Jeanine Montgomery sold 481 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $329.27, for a total value of $158,378.87. Following the sale, the chief accounting officer now owns 7,805 shares of the company’s stock, valued at $2,569,952.35. The trade was a 5.80 % 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, Director Leslie J. Rechan sold 15,000 shares of the firm’s stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $335.90, for a total value of $5,038,500.00. Following the transaction, the director now owns 4,970 shares of the company’s stock, valued at approximately $1,669,423. This represents a 75.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 8,000 shares of company stock valued at $680,000 and have sold 22,998 shares valued at $7,671,926. 9.16% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On MicroStrategy

Several hedge funds have recently bought and sold shares of the company. Riverview Trust Co acquired a new stake in shares of MicroStrategy during the fourth quarter worth about $25,000. IAG Wealth Partners LLC acquired a new stake in MicroStrategy during the 4th quarter worth approximately $25,000. Quadrant Capital Group LLC lifted its holdings in MicroStrategy by 855.6% during the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock worth $25,000 after buying an additional 77 shares in the last quarter. Dunhill Financial LLC purchased a new position in MicroStrategy in the 4th quarter valued at approximately $26,000. Finally, Sunbelt Securities Inc. grew its stake in shares of MicroStrategy by 900.0% in the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after acquiring an additional 144 shares in the last quarter. Institutional investors and hedge funds own 59.84% of the company’s stock.

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.