MicroStrategy (NASDAQ:MSTR) Shares Down 6.6% - Time to Sell?

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report)'s share price dropped 6.6% during trading on Friday . The company traded as low as $300.11 and last traded at $303.06. Approximately 5,990,502 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 17,827,162 shares. The stock had previously closed at $324.59.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on MSTR shares. Sanford C. Bernstein reiterated an "outperform" rating and set a $600.00 price objective on shares of MicroStrategy in a research report on Thursday, December 12th. Canaccord Genuity Group cut their target price on MicroStrategy from $510.00 to $409.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Cantor Fitzgerald upped their target price on shares of MicroStrategy from $613.00 to $619.00 and gave the stock 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. Finally, Benchmark reaffirmed a "buy" rating and set a $650.00 target price 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 issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $536.90.

MicroStrategy Price Performance

The business's 50-day moving average price is $313.64 and its 200 day moving average price is $296.05. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $74.48 billion, a P/E ratio of -51.38 and a beta of 3.36.

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

Insider Transactions at MicroStrategy

In related news, CEO Phong Le bought 6,000 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The stock was bought at an average cost of $85.00 per share, for a total transaction of $510,000.00. Following the acquisition, the chief executive officer now directly owns 6,000 shares of the company's stock, valued at $510,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Wei-Ming Shao acquired 500 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were bought at an average cost of $85.00 per share, with a total value of $42,500.00. Following the purchase, the executive vice president now owns 500 shares of the company's stock, valued at approximately $42,500. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders bought 8,000 shares of company stock worth $680,000 and sold 22,998 shares worth $7,671,926. Company insiders own 9.16% of the company's stock.

Institutional Trading of MicroStrategy

Institutional investors have recently modified their holdings of the company. Thrivent Financial for Lutherans lifted its holdings in MicroStrategy by 1,486.5% in the third quarter. Thrivent Financial for Lutherans now owns 5,410 shares of the software maker's stock worth $912,000 after buying an additional 5,069 shares during the period. Cerity Partners LLC bought a new position in MicroStrategy in the 3rd quarter valued at approximately $1,040,000. Private Trust Co. NA raised its stake in shares of MicroStrategy by 750.0% in the third quarter. Private Trust Co. NA now owns 204 shares of the software maker's stock worth $34,000 after purchasing an additional 180 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of MicroStrategy by 204.5% during the third quarter. The Manufacturers Life Insurance Company now owns 8,279 shares of the software maker's stock valued at $1,396,000 after purchasing an additional 5,560 shares in the last quarter. Finally, D.A. Davidson & CO. increased its holdings in MicroStrategy by 932.9% in the 3rd quarter. D.A. Davidson & CO. now owns 5,185 shares of the software maker's stock worth $874,000 after buying an additional 4,683 shares in the last quarter. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

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.