MicroStrategy (NASDAQ:MSTR) Lowered to “Sell” Rating by Monness Crespi & Hardt

Monness Crespi & Hardt lowered shares of MicroStrategy (NASDAQ:MSTR) from a neutral rating to a sell rating in a research report sent to investors on Tuesday morning, Marketbeat.com reports. The firm currently has $220.00 target price on the software maker’s stock.

MSTR has been the subject of a number of other reports. Compass Point raised shares of MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods started coverage on shares of MicroStrategy in a report on Friday, February 7th. They set an “outperform” rating and a $560.00 target price for the company. Mizuho initiated coverage on MicroStrategy in a research report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price target on the stock. Canaccord Genuity Group reduced their price objective on MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $600.00 target price on shares of MicroStrategy in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $508.09.

MicroStrategy Trading Up 6.2 %

MSTR opened at $306.02 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. MicroStrategy has a 52 week low of $101.00 and a 52 week high of $543.00. The stock has a market cap of $78.75 billion, a PE ratio of -54.33 and a beta of 3.36. The business has a 50 day moving average of $309.81 and a 200-day moving average of $298.32.

MicroStrategy (NASDAQ:MSTR) last posted 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%.

Insider Buying and Selling at MicroStrategy

In other news, CFO Andrew Kang acquired 1,500 shares of MicroStrategy stock in a transaction that occurred on Thursday, March 20th. The stock was bought at an average price of $85.00 per share, for a total transaction of $127,500.00. Following the completion of the transaction, the chief financial officer now owns 1,500 shares in the company, valued at $127,500. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Phong Le acquired 6,000 shares of the stock in a transaction dated Thursday, March 20th. The stock was acquired at an average price of $85.00 per share, for a total transaction of $510,000.00. Following the purchase, the chief executive officer now directly owns 6,000 shares in the company, valued at approximately $510,000. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 8,000 shares of company stock worth $680,000 and have sold 22,998 shares worth $7,671,926. Company insiders own 9.16% of the company’s stock.

Institutional Trading of MicroStrategy

Several hedge funds have recently bought and sold shares of MSTR. Quadrant Capital Group LLC boosted its position in shares of MicroStrategy by 855.6% during 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 during the last quarter. Riverview Trust Co purchased a new stake in MicroStrategy during the fourth quarter valued at $25,000. IAG Wealth Partners LLC bought a new position in MicroStrategy during the fourth quarter valued at $25,000. Dunhill Financial LLC purchased a new position in shares of MicroStrategy in the 4th quarter worth $26,000. Finally, Safe Harbor Fiduciary LLC increased its holdings in shares of MicroStrategy by 820.0% in the 4th quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker’s stock worth $27,000 after buying an additional 82 shares during 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.