MicroStrategy (NASDAQ:MSTR) Trading Down 3% – Should You Sell?

MicroStrategy Incorporated (NASDAQ:MSTR) traded down 3% during trading on Monday . The stock traded as low as $303.80 and last traded at $318.12. 6,773,614 shares changed hands during trading, a decline of 65% from the average session volume of 19,313,344 shares. The stock had previously closed at $327.91.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MSTR shares. Sanford C. Bernstein reiterated an “outperform” rating and issued a $600.00 target price on shares of MicroStrategy in a research note on Thursday, December 12th. TD Cowen boosted their price objective on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 25th. BTIG Research raised their target price on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Canaccord Genuity Group upped their price target on MicroStrategy from $300.00 to $510.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Finally, Barclays raised their price objective on shares of MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $479.25.

MicroStrategy Trading Down 3.7 %

The firm’s 50-day simple moving average is $352.97 and its 200-day simple moving average is $227.74. The firm has a market capitalization of $75.66 billion, a P/E ratio of -149.83 and a beta of 3.25. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($1.44). The business had revenue of $116.07 million for 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 business’s quarterly revenue was down 10.3% on a year-over-year basis. During the same quarter in the previous year, the company earned ($8.98) earnings per share.

Insider Buying and Selling

In other MicroStrategy news, Director Stephen X. Graham sold 20,000 shares of MicroStrategy stock in a transaction dated 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 of the company’s stock, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Andrew Kang sold 5,700 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 directly owns 12,080 shares of the company’s stock, valued at $3,106,372. This trade represents a 32.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,000 shares of company stock valued at $32,259,177 over the last quarter. 13.18% of the stock is owned by company insiders.

Institutional Trading of MicroStrategy

Institutional investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc increased its holdings in MicroStrategy by 38.2% in the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock worth $41,000 after buying an additional 39 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in MicroStrategy in the second quarter worth about $106,000. Magnetar Financial LLC boosted its holdings in shares of MicroStrategy by 31.6% in the second quarter. Magnetar Financial LLC now owns 337 shares of the software maker’s stock worth $464,000 after buying an additional 81 shares during the last quarter. Newbridge Financial Services Group Inc. increased its holdings in MicroStrategy by 10.9% during the second quarter. Newbridge Financial Services Group Inc. now owns 887 shares of the software maker’s stock valued at $1,222,000 after buying an additional 87 shares during the last quarter. Finally, Semmax Financial Advisors Inc. raised its position in MicroStrategy by 900.0% in the second quarter. Semmax Financial Advisors Inc. now owns 100 shares of the software maker’s stock worth $138,000 after acquiring an additional 90 shares during the period. 59.84% of the stock is currently owned by hedge funds and other 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.