MicroStrategy (NASDAQ:MSTR) Shares Down 2% – Time to Sell?

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) were down 2% during mid-day trading on Friday . The company traded as low as $327.44 and last traded at $334.24. Approximately 4,861,911 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 18,933,555 shares. The stock had previously closed at $341.05.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MSTR shares. Canaccord Genuity Group raised their price objective on MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. TD Cowen raised their target price on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $600.00 price target on shares of MicroStrategy in a report on Thursday, December 12th. BTIG Research raised their target price on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, Barclays raised their price objective on shares of MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. One investment analyst has rated the stock with a sell rating and eight have issued 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 3.2 %

The stock has a market cap of $79.15 billion, a price-to-earnings ratio of -156.75 and a beta of 3.17. The business’s 50 day moving average is $333.18 and its 200-day moving average is $213.34. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65.

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

Insider Transactions at MicroStrategy

In other MicroStrategy news, EVP Wei-Ming Shao sold 18,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total value of $6,624,180.00. Following the completion of the sale, the executive vice president now directly owns 6,460 shares in the company, valued at $2,377,344.60. This represents a 73.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen X. Graham sold 20,000 shares of MicroStrategy stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value of $9,027,200.00. Following the transaction, the director now owns 6,970 shares in the company, valued at approximately $3,145,979.20. This represents a 74.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,000 shares of company stock valued at $32,259,177 over the last 90 days. 13.18% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MicroStrategy

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Arkadios Wealth Advisors grew its stake in shares of MicroStrategy by 28.6% in the 2nd quarter. Arkadios Wealth Advisors now owns 247 shares of the software maker’s stock valued at $340,000 after buying an additional 55 shares during the period. Crossmark Global Holdings Inc. grew its position in MicroStrategy by 2.8% in the second quarter. Crossmark Global Holdings Inc. now owns 400 shares of the software maker’s stock worth $551,000 after acquiring an additional 11 shares during the period. Signaturefd LLC increased its stake in MicroStrategy by 13.6% during the second quarter. Signaturefd LLC now owns 50 shares of the software maker’s stock worth $69,000 after acquiring an additional 6 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of MicroStrategy by 99.9% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 3,173 shares of the software maker’s stock valued at $4,371,000 after purchasing an additional 1,586 shares during the last quarter. Finally, Maryland State Retirement & Pension System purchased a new position in shares of MicroStrategy during the 2nd quarter worth $1,681,000. 59.84% of the stock is currently owned by institutional investors and hedge funds.

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.