MicroStrategy (NASDAQ:MSTR) Trading Down 3.8% - Time to Sell?

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report)'s share price was down 3.8% on Monday . The stock traded as low as $281.60 and last traded at $286.16. Approximately 5,476,818 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 18,348,001 shares. The stock had previously closed at $297.49.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on MSTR shares. Canaccord Genuity Group reduced their target price on MicroStrategy from $510.00 to $409.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Cantor Fitzgerald upped their target price on MicroStrategy from $613.00 to $619.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Compass Point raised MicroStrategy to a "strong-buy" rating in a report on Wednesday, January 29th. Mizuho initiated coverage on MicroStrategy in a report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 target price for the company. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating and set a $600.00 target price on shares of MicroStrategy in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $536.90.

MicroStrategy Stock 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 firm has a market cap of $72.88 billion, a price-to-earnings ratio of -50.27 and a beta of 3.36. The stock has a fifty day moving average price of $318.73 and a 200 day moving average price of $285.25.

Remove Ads

MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing the consensus estimate 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 Trading of MicroStrategy

A number of hedge funds have recently modified their holdings of the company. Objective Capital Management LLC bought a new position in shares of MicroStrategy during the 4th quarter worth approximately $222,000. 111 Capital bought a new position in shares of MicroStrategy during the 4th quarter worth approximately $907,000. NorthCrest Asset Manangement LLC bought a new position in shares of MicroStrategy during the 4th quarter worth approximately $354,000. Northstar Financial Companies Inc. bought a new position in shares of MicroStrategy during the 4th quarter worth approximately $217,000. Finally, Centaurus Financial Inc. lifted its position in shares of MicroStrategy by 146.0% during the 4th quarter. Centaurus Financial Inc. now owns 4,998 shares of the software maker's stock worth $1,448,000 after buying an additional 2,966 shares during the period. Institutional investors own 59.84% of the company's stock.

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.