MicroStrategy (NASDAQ:MSTR) Stock Price Down 0.8% - Time to Sell?

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report)'s share price was down 0.8% during mid-day trading on Friday . The stock traded as low as $293.05 and last traded at $299.57. Approximately 3,525,114 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 18,025,276 shares. The stock had previously closed at $302.07.

Analyst Ratings Changes

A number of brokerages have commented on MSTR. Monness Crespi & Hardt started coverage on MicroStrategy in a research report on Wednesday, March 19th. They set a "neutral" rating for the company. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $600.00 price objective on shares of MicroStrategy in a research report on Thursday, December 12th. Compass Point raised shares of MicroStrategy to a "strong-buy" rating in a research note on Wednesday, January 29th. Barclays lowered their price target on shares of MicroStrategy from $515.00 to $421.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Finally, Benchmark reissued a "buy" rating and set a $650.00 price objective on shares of MicroStrategy in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $536.90.

MicroStrategy Stock Up 8.4 %

The firm has a market cap of $84.84 billion, a price-to-earnings ratio of -58.58 and a beta of 3.36. The business's 50-day moving average is $317.11 and its 200-day moving average is $288.99. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71.

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MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted its earnings results 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 net margin of 251.73% and a negative return on equity of 19.01%.

Institutional Trading of MicroStrategy

A number of hedge funds and other institutional investors have recently made changes to their positions in MSTR. Quadrant Capital Group LLC increased its position in MicroStrategy by 855.6% in the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock valued at $25,000 after acquiring an additional 77 shares in the last quarter. Riverview Trust Co bought a new position in MicroStrategy in the 4th quarter worth approximately $25,000. IAG Wealth Partners LLC bought a new position in MicroStrategy in the 4th quarter worth approximately $25,000. Dunhill Financial LLC acquired a new position in MicroStrategy during the 4th quarter worth $26,000. Finally, Safe Harbor Fiduciary LLC lifted its stake in shares of MicroStrategy by 820.0% during the fourth quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker's stock valued at $27,000 after acquiring an additional 82 shares during the period. 59.84% of the stock is currently owned by institutional investors and hedge funds.

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.