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

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price was down 1.4% during trading on Friday . The stock traded as low as $317.81 and last traded at $319.28. Approximately 3,650,873 shares changed hands during trading, a decline of 77% from the average daily volume of 16,208,274 shares. The stock had previously closed at $323.92.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MSTR shares. Benchmark restated a “buy” rating and set a $650.00 target price on shares of MicroStrategy in a research report on Tuesday, January 14th. Barclays reduced their target price on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. BTIG Research boosted their target price on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Compass Point upgraded MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Finally, TD Cowen lifted their price target on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. One research 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, the company currently has an average rating of “Moderate Buy” and an average target price of $536.90.

MicroStrategy Stock Performance

The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The company has a 50 day simple moving average of $342.30 and a 200-day simple moving average of $268.00. The stock has a market cap of $71.82 billion, a P/E ratio of -53.20 and a beta of 3.25.

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 analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

Institutional Investors Weigh In On MicroStrategy

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Maryland State Retirement & Pension System lifted its stake in shares of MicroStrategy by 0.3% in the 4th quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker’s stock valued at $2,604,000 after acquiring an additional 30 shares during the last quarter. Family Management Corp increased its holdings in MicroStrategy by 2.2% during the 4th quarter. Family Management Corp now owns 1,370 shares of the software maker’s stock valued at $397,000 after purchasing an additional 30 shares during the period. GPS Wealth Strategies Group LLC increased its holdings in MicroStrategy by 3.2% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock valued at $324,000 after purchasing an additional 35 shares during the period. Oder Investment Management LLC increased its holdings in MicroStrategy by 3.1% during the 4th quarter. Oder Investment Management LLC now owns 1,268 shares of the software maker’s stock valued at $367,000 after purchasing an additional 38 shares during the period. Finally, Versant Capital Management Inc increased its holdings in MicroStrategy by 38.2% during the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock valued at $41,000 after purchasing an additional 39 shares during the period. Institutional investors own 59.84% of the company’s stock.

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.