MicroStrategy (NASDAQ:MSTR) Shares Down 1.9% – Time to Sell?

MicroStrategy Incorporated (NASDAQ:MSTR) fell 1.9% during mid-day trading on Thursday . The stock traded as low as $394.07 and last traded at $398.47. 20,362,147 shares traded hands during trading, an increase of 10% from the average session volume of 18,552,510 shares. The stock had previously closed at $406.00.

Wall Street Analyst Weigh In

MSTR has been the topic of several analyst reports. Cantor Fitzgerald started coverage on shares of MicroStrategy in a research note on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 target price on the stock. Sanford C. Bernstein boosted their price objective on shares of MicroStrategy from $290.00 to $600.00 and gave the stock an “outperform” rating in a research note on Monday, November 25th. TD Cowen raised their target price on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Canaccord Genuity Group boosted their price target on MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Finally, Barclays upped their price target on MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, MicroStrategy has a consensus rating of “Moderate Buy” and an average price target of $479.25.

MicroStrategy Trading Down 3.5 %

The stock’s 50-day simple moving average is $272.44 and its two-hundred day simple moving average is $190.29. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market capitalization of $79.38 billion, a P/E ratio of -189.12 and a beta of 3.17.

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

Insider Buying and Selling

In other news, EVP Wei-Ming Shao sold 18,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the completion of the transaction, the executive vice president now directly owns 6,460 shares in the company, valued at approximately $2,377,344.60. This represents a 73.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen X. Graham sold 20,000 shares of the business’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 completion of the sale, the director now owns 6,970 shares in the company, valued at $3,145,979.20. This represents a 74.16 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,000 shares of company stock valued at $32,259,177. Corporate insiders own 13.18% of the company’s stock.

Hedge Funds Weigh In On MicroStrategy

Institutional investors and hedge funds have recently made changes to their positions in the business. UMB Bank n.a. lifted its position in MicroStrategy by 900.0% in the third quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock worth $25,000 after buying an additional 135 shares during the last quarter. AlphaMark Advisors LLC boosted 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 acquiring an additional 145 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of MicroStrategy during the third quarter worth approximately $27,000. Sunbelt Securities Inc. boosted its position in MicroStrategy by 900.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock valued at $27,000 after acquiring an additional 144 shares in the last quarter. Finally, ST Germain D J Co. Inc. lifted its stake in shares of MicroStrategy by 900.0% during the 3rd quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock worth $29,000 after purchasing an additional 153 shares during the last quarter. 72.03% of the stock is owned by hedge funds and other institutional investors.

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.