MicroStrategy (NASDAQ:MSTR) Trading Down 2.1% – Time to Sell?

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) were down 2.1% during trading on Friday . The company traded as low as $317.91 and last traded at $324.78. Approximately 6,264,737 shares traded hands during trading, a decline of 68% from the average daily volume of 19,702,848 shares. The stock had previously closed at $331.70.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on MSTR shares. Benchmark restated a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a research note on Monday, January 6th. Barclays raised their target price on MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. TD Cowen upped their price target on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 25th. Canaccord Genuity Group raised their price objective on shares of MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Finally, BTIG Research upped their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $479.25.

MicroStrategy Stock Down 1.1 %

The business’s fifty day moving average price is $352.97 and its 200 day moving average price is $227.17. The firm has a market capitalization of $78.58 billion, a price-to-earnings ratio of -155.63 and a beta of 3.25. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12.

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

Insiders Place Their Bets

In related news, CAO Jeanine Montgomery sold 56,250 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $257.41, for a total transaction of $14,479,312.50. Following the completion of the sale, the chief accounting officer now directly owns 5,670 shares of the company’s stock, valued at $1,459,514.70. This trade represents a 90.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Wei-Ming Shao sold 18,000 shares of MicroStrategy stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the completion of the transaction, the executive vice president now owns 6,460 shares in the company, valued at approximately $2,377,344.60. This trade represents a 73.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,000 shares of company stock valued at $32,259,177. 13.18% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in MSTR. UMB Bank n.a. increased its position in MicroStrategy by 900.0% during the 3rd quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock worth $25,000 after purchasing an additional 135 shares during the period. AlphaMark Advisors LLC grew its holdings in MicroStrategy by 2,900.0% during the third quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock worth $25,000 after acquiring an additional 145 shares during the period. Capital Performance Advisors LLP purchased a new position in MicroStrategy in the third quarter worth $27,000. Sunbelt Securities Inc. raised its position in MicroStrategy by 900.0% in the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after acquiring an additional 144 shares in the last quarter. Finally, ST Germain D J Co. Inc. lifted its holdings in MicroStrategy by 900.0% in the third quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock valued at $29,000 after acquiring an additional 153 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.