MicroStrategy (NASDAQ:MSTR) Stock Price Down 3.6% – Time to Sell?

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) were down 3.6% on Wednesday . The company traded as low as $250.38 and last traded at $251.13. Approximately 5,262,907 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 18,738,690 shares. The stock had previously closed at $260.59.

Analysts Set New Price Targets

MSTR has been the subject of several research analyst reports. Compass Point upgraded MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Maxim Group upped their target price on MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Barclays dropped their price objective on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Canaccord Genuity Group dropped their price objective on MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods started coverage on MicroStrategy in a report on Friday, February 7th. They issued an “outperform” rating and a $560.00 target price for the company. One analyst has rated the stock with a sell rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, MicroStrategy presently has an average rating of “Moderate Buy” and a consensus price target of $536.90.

MicroStrategy Price Performance

The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The business has a fifty day simple moving average of $323.17 and a two-hundred day simple moving average of $280.08. The stock has a market cap of $71.56 billion, a PE ratio of -50.06 and a beta of 3.36.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Hedge Funds Weigh In On MicroStrategy

Several institutional investors have recently bought and sold shares of MSTR. Riverview Trust Co acquired a new stake in shares of MicroStrategy during the fourth quarter worth $25,000. IAG Wealth Partners LLC purchased a new stake in MicroStrategy during the 4th quarter valued at about $25,000. Quadrant Capital Group LLC boosted its holdings in MicroStrategy by 855.6% in the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock valued at $25,000 after purchasing an additional 77 shares during the last quarter. Dunhill Financial LLC acquired a new position in MicroStrategy in the 4th quarter valued at about $26,000. Finally, Sunbelt Securities Inc. boosted its position in shares of MicroStrategy by 900.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after purchasing an additional 144 shares during the period. 59.84% of the stock is 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.