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

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) dropped 3.8% during trading on Monday . The stock traded as low as $281.60 and last traded at $286.16. Approximately 5,476,818 shares traded hands 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.

Analyst Upgrades and Downgrades

MSTR has been the subject of several recent research reports. Maxim Group increased their price objective on MicroStrategy from $480.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. BTIG Research increased their price objective on MicroStrategy from $290.00 to $570.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Barclays reduced their price objective on MicroStrategy from $515.00 to $421.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Keefe, Bruyette & Woods initiated coverage on MicroStrategy in a research note on Friday, February 7th. They issued an "outperform" rating and a $560.00 target price for the company. Finally, Mizuho initiated coverage on MicroStrategy in a research note on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 target price for the company. One 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $536.90.

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MicroStrategy Stock Down 2.3 %

The business has a 50-day moving average of $319.90 and a 200-day moving average of $284.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The stock has a market capitalization of $74.00 billion, a price-to-earnings ratio of -50.86 and a beta of 3.36.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Hedge Funds Weigh In On MicroStrategy

A number of hedge funds and other institutional investors have recently bought and sold shares of MSTR. Principal Financial Group Inc. boosted its holdings in MicroStrategy by 781.4% during the 3rd quarter. Principal Financial Group Inc. now owns 46,483 shares of the software maker's stock valued at $7,837,000 after acquiring an additional 41,209 shares during the period. GSA Capital Partners LLP purchased a new position in MicroStrategy during the 3rd quarter valued at about $261,000. Victory Capital Management Inc. boosted its holdings in MicroStrategy by 894.7% during the 3rd quarter. Victory Capital Management Inc. now owns 57,830 shares of the software maker's stock valued at $9,750,000 after acquiring an additional 52,016 shares during the period. Oppenheimer & Co. Inc. purchased a new position in MicroStrategy during the 3rd quarter valued at about $238,000. Finally, Metis Global Partners LLC boosted its holdings in MicroStrategy by 952.6% during the 3rd quarter. Metis Global Partners LLC now owns 2,000 shares of the software maker's stock valued at $337,000 after acquiring an additional 1,810 shares during the period. 59.84% of the stock is currently 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.