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

MicroStrategy Incorporated (NASDAQ:MSTR) shares fell 0.8% during mid-day trading on Friday . The stock traded as low as $293.05 and last traded at $299.57. 3,525,114 shares changed hands during trading, a decline of 80% from the average session volume of 18,025,276 shares. The stock had previously closed at $302.07.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MSTR. Cantor Fitzgerald upped their price objective on shares of MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Sanford C. Bernstein reissued an “outperform” rating and set a $600.00 price objective on shares of MicroStrategy in a report on Thursday, December 12th. TD Cowen raised their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Benchmark reiterated a “buy” rating and issued a $650.00 price objective on shares of MicroStrategy in a research report on Tuesday, January 14th. Finally, Compass Point raised shares of MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, MicroStrategy presently has a consensus rating of “Buy” and a consensus target price of $536.90.

MicroStrategy Stock Up 0.6 %

The firm’s 50 day moving average is $317.11 and its two-hundred day moving average is $287.84. The firm has a market cap of $78.24 billion, a P/E ratio of -53.97 and a beta of 3.36. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results 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%.

Institutional Trading of MicroStrategy

Hedge funds have recently bought and sold shares of the stock. Quadrant Capital Group LLC raised its holdings in shares of MicroStrategy by 855.6% in the fourth 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. Riverview Trust Co bought a new position in MicroStrategy during the fourth quarter worth $25,000. IAG Wealth Partners LLC bought a new position in MicroStrategy during the fourth quarter worth $25,000. Dunhill Financial LLC bought a new position in MicroStrategy during the fourth quarter worth $26,000. Finally, Safe Harbor Fiduciary LLC boosted its position in shares of MicroStrategy by 820.0% in the fourth quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker’s stock valued at $27,000 after acquiring an additional 82 shares during the period. 59.84% of the stock is currently owned by institutional investors and hedge funds.

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.