MicroStrategy (NASDAQ:MSTR) Trading Down 10.2% – Should You Sell?

MicroStrategy Incorporated (NASDAQ:MSTR) was down 10.2% during trading on Tuesday . The stock traded as low as $247.67 and last traded at $253.83. Approximately 12,147,662 shares were traded during trading, a decline of 26% from the average daily volume of 16,507,139 shares. The stock had previously closed at $282.76.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MSTR. Canaccord Genuity Group dropped their price target on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Keefe, Bruyette & Woods started coverage on shares of MicroStrategy in a report on Friday, February 7th. They set an “outperform” rating and a $560.00 price target on the stock. Barclays decreased their price objective on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Maxim Group increased their target price on MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Finally, TD Cowen lifted their price target on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, MicroStrategy presently has an average rating of “Moderate Buy” and an average target price of $536.90.

MicroStrategy Price Performance

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 company’s fifty day simple moving average is $339.79 and its 200-day simple moving average is $270.04. The stock has a market cap of $60.08 billion, a P/E ratio of -44.32 and a beta of 3.25.

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

Institutional Investors Weigh In On MicroStrategy

Institutional investors have recently added to or reduced their stakes in the stock. Riverview Trust Co bought a new position in shares of MicroStrategy in the 4th quarter valued at about $25,000. IAG Wealth Partners LLC bought a new stake in MicroStrategy in the fourth quarter worth approximately $25,000. Quadrant Capital Group LLC raised its holdings in MicroStrategy by 855.6% during the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock worth $25,000 after buying an additional 77 shares during the last quarter. Dunhill Financial LLC purchased a new stake in shares of MicroStrategy during the fourth quarter valued at approximately $26,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of MicroStrategy in the 3rd quarter worth about $27,000. 59.84% of the stock is owned by institutional investors.

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.