MicroStrategy (NASDAQ:MSTR) Shares Down 1.4% – Time to Sell?

MicroStrategy Incorporated (NASDAQ:MSTR)’s stock price fell 1.4% during mid-day trading on Thursday . The company traded as low as $322.70 and last traded at $323.69. 10,204,571 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 17,057,340 shares. The stock had previously closed at $328.38.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Canaccord Genuity Group lifted their target price on shares of MicroStrategy from $173.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Cantor Fitzgerald started coverage on MicroStrategy in a research report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price objective for the company. Benchmark increased their target price on MicroStrategy from $245.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. TD Cowen upped their price target on MicroStrategy from $200.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Barclays boosted their target price on shares of MicroStrategy from $225.00 to $275.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $271.13.

MicroStrategy Stock Performance

The stock’s 50 day simple moving average is $204.83 and its two-hundred day simple moving average is $165.30. The company has a market capitalization of $69.03 billion, a P/E ratio of -161.67 and a beta of 3.05. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65.

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

Insider Activity

In related news, CEO Phong Le sold 50,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $138.28, for a total value of $6,914,000.00. Following the transaction, the chief executive officer now directly owns 12,670 shares in the company, valued at $1,752,007.60. This represents a 79.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Andrew Kang sold 5,700 shares of MicroStrategy 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 directly owns 12,080 shares of the company’s stock, valued at $3,106,372. This represents a 32.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 134,954 shares of company stock valued at $30,553,037 over the last 90 days. 13.18% of the stock is owned by company insiders.

Institutional Trading of MicroStrategy

Hedge funds have recently modified their holdings of the company. US Bancorp DE grew its position in shares of MicroStrategy by 782.8% in the 3rd quarter. US Bancorp DE now owns 4,255 shares of the software maker’s stock valued at $717,000 after purchasing an additional 3,773 shares during the period. Hartline Investment Corp raised its holdings in shares of MicroStrategy by 1,064.6% during the third quarter. Hartline Investment Corp now owns 5,322 shares of the software maker’s stock worth $897,000 after acquiring an additional 4,865 shares during the period. National Pension Service lifted its position in MicroStrategy by 900.0% in the 3rd quarter. National Pension Service now owns 245,000 shares of the software maker’s stock valued at $41,307,000 after acquiring an additional 220,500 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in MicroStrategy by 848.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 37,005 shares of the software maker’s stock worth $6,239,000 after purchasing an additional 33,105 shares during the period. Finally, Concurrent Investment Advisors LLC increased its holdings in MicroStrategy by 1,517.4% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 3,623 shares of the software maker’s stock worth $611,000 after purchasing an additional 3,399 shares in the last quarter. 72.03% of the stock is currently owned by institutional investors and hedge funds.

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.