MicroStrategy (NASDAQ:MSTR) Trading Down 11.6% – Should You Sell?

MicroStrategy Incorporated (NASDAQ:MSTR) shares were down 11.6% on Monday . The stock traded as low as $247.20 and last traded at $253.78. Approximately 8,695,876 shares traded hands during trading, a decline of 54% from the average daily volume of 18,778,567 shares. The stock had previously closed at $287.18.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MSTR shares. Maxim Group boosted their price objective on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Mizuho initiated coverage on MicroStrategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price target for the company. Keefe, Bruyette & Woods began coverage on MicroStrategy in a research report on Friday, February 7th. They set an “outperform” rating and a $560.00 price objective on the stock. Benchmark reiterated a “buy” rating and issued a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. Finally, Compass Point upgraded shares of MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. 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 stock. According to MarketBeat, MicroStrategy presently has an average rating of “Moderate Buy” and an average price target of $536.90.

MicroStrategy Stock Up 8.9 %

The company’s 50-day moving average price is $323.71 and its 200 day moving average price is $280.20. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The stock has a market cap of $67.06 billion, a PE ratio of -46.26 and a beta of 3.36.

MicroStrategy (NASDAQ:MSTR) last announced 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%.

Hedge Funds Weigh In On MicroStrategy

A number of institutional investors have recently bought and sold shares of MSTR. Riverview Trust Co purchased a new stake in MicroStrategy in the fourth quarter worth about $25,000. IAG Wealth Partners LLC purchased a new stake in MicroStrategy in the 4th quarter worth approximately $25,000. Quadrant Capital Group LLC raised its stake 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 acquiring an additional 77 shares during the period. Dunhill Financial LLC purchased a new position in MicroStrategy during the fourth quarter valued at approximately $26,000. Finally, Capital Performance Advisors LLP purchased a new position in MicroStrategy during the third quarter valued at approximately $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.