MicroStrategy (NASDAQ:MSTR) Trading Down 0.8% – Should You Sell?

MicroStrategy Incorporated (NASDAQ:MSTR) shares traded down 0.8% during trading on Wednesday . The company traded as low as $331.23 and last traded at $338.55. 5,218,966 shares were traded during mid-day trading, a decline of 74% from the average session volume of 19,840,410 shares. The stock had previously closed at $341.43.

Wall Street Analyst Weigh In

MSTR has been the subject of several analyst reports. TD Cowen raised their target price on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Canaccord Genuity Group raised their target price on MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $600.00 target price on shares of MicroStrategy in a research report on Thursday, December 12th. BTIG Research raised their target price on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Maxim Group increased their price target on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, MicroStrategy has a consensus rating of “Moderate Buy” and a consensus price target of $479.25.

MicroStrategy Stock Performance

The company’s 50-day simple moving average is $351.01 and its 200 day simple moving average is $225.30. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The stock has a market cap of $78.58 billion, a P/E ratio of -155.63 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR) last posted its earnings results on Wednesday, October 30th. The software maker reported ($1.56) EPS for the quarter, missing the consensus estimate of ($0.12) by ($1.44). The firm had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. MicroStrategy’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($8.98) EPS.

Insider Buying and Selling at MicroStrategy

In related news, Director Stephen X. Graham sold 20,000 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $451.36, for a total value of $9,027,200.00. Following the completion of the transaction, the director now directly owns 6,970 shares in the company, valued at approximately $3,145,979.20. The trade was a 74.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jeanine Montgomery sold 56,250 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the completion of the sale, the chief accounting officer now directly owns 5,670 shares of the company’s stock, valued at $1,459,514.70. This represents a 90.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,000 shares of company stock valued at $32,259,177 in the last 90 days. 13.18% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MicroStrategy

Several hedge funds and other institutional investors have recently modified their holdings of the company. Graypoint LLC bought a new position in MicroStrategy in the fourth quarter worth about $298,000. Lowe Wealth Advisors LLC bought a new position in MicroStrategy in the fourth quarter worth about $55,000. HBW Advisory Services LLC bought a new position in MicroStrategy in the fourth quarter worth about $325,000. ORG Wealth Partners LLC bought a new position in MicroStrategy in the fourth quarter worth about $51,000. Finally, Watts Gwilliam & Co. LLC bought a new position in MicroStrategy in the fourth quarter worth about $195,000. 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.