MicroStrategy (NASDAQ:MSTR) Trading Down 2.1% – Time to Sell?

MicroStrategy Incorporated (NASDAQ:MSTR)’s stock price traded down 2.1% during trading on Friday . The company traded as low as $317.91 and last traded at $324.78. 6,264,737 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 19,702,848 shares. The stock had previously closed at $331.70.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on MSTR shares. Benchmark reissued a “buy” rating and set a $650.00 price target on shares of MicroStrategy in a report on Monday. Maxim Group boosted their target price on MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, October 31st. TD Cowen upped their price target on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. BTIG Research lifted their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $600.00 price objective on shares of MicroStrategy in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $479.25.

MicroStrategy Price 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 stock’s fifty day moving average price is $351.01 and its 200-day moving average price is $225.30. The firm has a market cap of $79.11 billion, a PE ratio of -156.66 and a beta of 3.25.

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). The company had revenue of $116.07 million during the quarter, compared to analysts’ expectations of $121.45 million. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The company’s quarterly revenue was down 10.3% on a year-over-year basis. During the same period last year, the business posted ($8.98) earnings per share.

Insider Buying and Selling

In related news, CFO Andrew Kang sold 5,700 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $257.15, for a total transaction of $1,465,755.00. Following the sale, the chief financial officer now owns 12,080 shares of the company’s stock, valued at $3,106,372. This trade represents a 32.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jeanine Montgomery sold 56,250 shares of the business’s 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 completion of the transaction, the chief accounting officer now directly owns 5,670 shares of the company’s stock, valued at $1,459,514.70. The trade was a 90.84 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,000 shares of company stock valued at $32,259,177. 13.18% of the stock is owned by insiders.

Institutional Investors Weigh In On MicroStrategy

Hedge funds and other institutional investors have recently modified their holdings of the company. Savant Capital LLC lifted its stake in shares of MicroStrategy by 2.6% during the second quarter. Savant Capital LLC now owns 599 shares of the software maker’s stock worth $825,000 after purchasing an additional 15 shares in the last quarter. Versant Capital Management Inc lifted its position in MicroStrategy by 38.2% during the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock worth $41,000 after acquiring an additional 39 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in MicroStrategy in the 2nd quarter worth approximately $106,000. Magnetar Financial LLC grew its position in MicroStrategy by 31.6% in the second quarter. Magnetar Financial LLC now owns 337 shares of the software maker’s stock valued at $464,000 after acquiring an additional 81 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. lifted its position in shares of MicroStrategy by 10.9% during the second quarter. Newbridge Financial Services Group Inc. now owns 887 shares of the software maker’s stock worth $1,222,000 after purchasing an additional 87 shares in the last quarter. 59.84% of the stock is currently owned by hedge funds and other 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.