MicroStrategy (NASDAQ:MSTR) Stock Price Down 4.4% – Time to Sell?

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) traded down 4.4% during mid-day trading on Wednesday . The company traded as low as $285.01 and last traded at $289.62. 22,397,611 shares traded hands during trading, an increase of 18% from the average session volume of 19,012,463 shares. The stock had previously closed at $302.96.

Analyst Upgrades and Downgrades

MSTR has been the subject of a number of recent research reports. TD Cowen boosted their price objective on MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Canaccord Genuity Group upped their price target on MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Sanford C. Bernstein restated an “outperform” rating and set a $600.00 price objective on shares of MicroStrategy in a research note on Thursday, December 12th. Benchmark lifted their price objective on shares of MicroStrategy from $450.00 to $650.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Finally, BTIG Research increased their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $479.25.

MicroStrategy Stock Up 3.6 %

The company has a market capitalization of $71.90 billion, a PE ratio of -142.39 and a beta of 3.17. The stock’s fifty day moving average is $341.33 and its two-hundred day moving average is $218.47. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12.

MicroStrategy (NASDAQ:MSTR) last released its earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($1.44). The company had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%. The firm’s revenue was down 10.3% on a year-over-year basis. During the same period in the prior year, the company earned ($8.98) earnings per share.

Insiders Place Their Bets

In other MicroStrategy news, Director Stephen X. Graham sold 20,000 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the completion of the transaction, the director now 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 Securities & Exchange Commission, which is available through this link. Also, CEO Phong Le sold 1,252 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $322.45, for a total transaction of $403,707.40. Following the completion of the sale, the chief executive officer now directly owns 13,918 shares in the company, valued at approximately $4,487,859.10. This trade represents a 8.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,000 shares of company stock valued at $32,259,177 over the last ninety days. 13.18% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MicroStrategy

Several institutional investors have recently made changes to their positions in MSTR. UMB Bank n.a. raised its stake in shares of MicroStrategy by 900.0% during the 3rd quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock valued at $25,000 after purchasing an additional 135 shares during the period. AlphaMark Advisors LLC grew its holdings in MicroStrategy by 2,900.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock valued at $25,000 after buying an additional 145 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of MicroStrategy during the third quarter valued at about $27,000. Sunbelt Securities Inc. lifted its holdings in shares of MicroStrategy by 900.0% in the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after buying an additional 144 shares in the last quarter. Finally, ST Germain D J Co. Inc. lifted its holdings in shares of MicroStrategy by 900.0% in the third quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock worth $29,000 after buying an additional 153 shares in the last quarter. Hedge funds and other 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.