MicroStrategy (NASDAQ:MSTR) Shares Down 2.1% - Should You Sell?

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on MSTR shares. TD Cowen boosted their target price on MicroStrategy from $392.00 to $525.00 and gave the stock a "buy" rating in a report on Monday, November 25th. BTIG Research boosted their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Canaccord Genuity Group raised their target price on shares of MicroStrategy from $300.00 to $510.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Benchmark restated a "buy" rating and set a $650.00 target price on shares of MicroStrategy in a report on Monday. Finally, Barclays increased their price target on MicroStrategy from $275.00 to $515.00 and gave the company an "overweight" rating in a report on Monday, November 25th. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $479.25.

MicroStrategy Stock Down 1.1 %

The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The firm has a 50 day moving average price of $351.01 and a two-hundred day moving average price of $225.30. The company has a market capitalization of $78.58 billion, a price-to-earnings ratio of -155.63 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced its earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share (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 period in the previous year, the company earned ($8.98) earnings per share. The business's revenue for the quarter was down 10.3% on a year-over-year basis.

Insider Buying and Selling at MicroStrategy

In related news, Director Stephen X. Graham sold 20,000 shares of the firm's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the transaction, the director now directly owns 6,970 shares in the company, valued at $3,145,979.20. This trade represents a 74.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Wei-Ming Shao sold 18,000 shares of the business's 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 sale, the executive vice president now owns 6,460 shares of the company's stock, valued at approximately $2,377,344.60. The trade was a 73.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,000 shares of company stock worth $32,259,177 in the last ninety days. 13.18% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Graypoint LLC acquired a new stake in MicroStrategy during the fourth quarter worth about $298,000. Lowe Wealth Advisors LLC acquired a new stake in shares of MicroStrategy during the 4th quarter worth approximately $55,000. HBW Advisory Services LLC acquired a new stake in shares of MicroStrategy during the 4th quarter worth approximately $325,000. ORG Wealth Partners LLC acquired a new position in MicroStrategy during the 4th quarter valued at approximately $51,000. Finally, Watts Gwilliam & Co. LLC acquired a new position in MicroStrategy during the 4th quarter valued at approximately $195,000. 59.84% of the stock is 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.