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

MicroStrategy Incorporated (NASDAQ:MSTR)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $287.18, but opened at $268.00. MicroStrategy shares last traded at $251.38, with a volume of 4,562,971 shares traded.

Analyst Ratings Changes

Several brokerages recently commented on MSTR. Mizuho began coverage on shares of MicroStrategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective for the company. Benchmark reaffirmed a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a research note on Tuesday, January 14th. Maxim Group raised their price target on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods initiated coverage on shares of MicroStrategy in a research report on Friday, February 7th. They issued an “outperform” rating and a $560.00 price objective for the company. Finally, Cantor Fitzgerald raised their target price on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $536.90.

MicroStrategy Stock Down 12.5 %

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 firm has a fifty day moving average of $325.57 and a 200-day moving average of $278.68. The firm has a market cap of $64.66 billion, a P/E ratio of -44.60 and a beta of 3.36.

MicroStrategy (NASDAQ:MSTR) last released its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing the consensus estimate 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

Institutional investors and hedge funds have recently made changes to their positions in the company. IronOak Wealth LLC. acquired a new position in MicroStrategy in the 4th quarter valued at $587,000. Castle Rock Wealth Management LLC bought a new stake in shares of MicroStrategy during the fourth quarter worth $511,000. Dogwood Wealth Management LLC acquired a new position in shares of MicroStrategy during the fourth quarter worth $57,000. Siemens Fonds Invest GmbH lifted its stake in shares of MicroStrategy by 6,992.7% in the 4th quarter. Siemens Fonds Invest GmbH now owns 119,654 shares of the software maker’s stock valued at $33,000 after acquiring an additional 117,967 shares during the last quarter. Finally, BridgePort Financial Solutions LLC acquired a new stake in shares of MicroStrategy during the 4th quarter valued at $675,000. Institutional investors and hedge funds own 59.84% of the company’s stock.

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.