MicroStrategy (NASDAQ:MSTR) Shares Gap Down – Should You Sell?

MicroStrategy Incorporated (NASDAQ:MSTR) gapped down prior to trading on Tuesday . The stock had previously closed at $294.27, but opened at $283.20. MicroStrategy shares last traded at $278.95, with a volume of 2,709,108 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms have commented on MSTR. TD Cowen boosted their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Maxim Group upped their price objective on MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $600.00 price target on shares of MicroStrategy in a research note on Thursday, December 12th. BTIG Research boosted their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Compass Point upgraded shares of MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $536.90.

MicroStrategy Stock Down 2.0 %

The business has a fifty day simple moving average of $319.90 and a two-hundred day simple moving average of $284.19. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $74.24 billion, a price-to-earnings ratio of -51.26 and a beta of 3.36.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data 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 return on equity of 19.01% and a negative net margin of 251.73%.

Institutional Trading of MicroStrategy

Large investors have recently bought and sold shares of the business. Principal Financial Group Inc. raised its holdings in shares of MicroStrategy by 781.4% during the third quarter. Principal Financial Group Inc. now owns 46,483 shares of the software maker’s stock worth $7,837,000 after acquiring an additional 41,209 shares during the period. GSA Capital Partners LLP bought a new position in MicroStrategy during the 3rd quarter worth $261,000. Victory Capital Management Inc. boosted its stake in shares of MicroStrategy by 894.7% in the third quarter. Victory Capital Management Inc. now owns 57,830 shares of the software maker’s stock valued at $9,750,000 after buying an additional 52,016 shares during the period. Oppenheimer & Co. Inc. acquired a new position in shares of MicroStrategy in the 3rd quarter valued at approximately $238,000. Finally, Metis Global Partners LLC grew its holdings in shares of MicroStrategy by 952.6% during the third quarter. Metis Global Partners LLC now owns 2,000 shares of the software maker’s stock worth $337,000 after purchasing an additional 1,810 shares during the last quarter. 59.84% of the stock is owned by institutional investors.

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.