MicroStrategy (NASDAQ:MSTR) Shares Down 0.1% – Time to Sell?

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) fell 0.1% during mid-day trading on Tuesday . The company traded as low as $212.60 and last traded at $218.91. 4,719,790 shares were traded during mid-day trading, a decline of 71% from the average session volume of 16,340,607 shares. The stock had previously closed at $219.05.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on MSTR shares. Barclays lifted their price target on MicroStrategy from $173.00 to $225.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Maxim Group boosted their target price on MicroStrategy from $183.50 to $193.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. TD Cowen increased their price target on MicroStrategy from $195.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Sanford C. Bernstein decreased their price objective on shares of MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating on the stock in a report on Wednesday, October 9th. Finally, BTIG Research lifted their target price on shares of MicroStrategy from $180.00 to $240.00 and gave the stock a “buy” rating in a report on Monday. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, MicroStrategy currently has an average rating of “Moderate Buy” and a consensus target price of $220.00.

MicroStrategy Price Performance

The firm has a market cap of $37.95 billion, a P/E ratio of -31.93 and a beta of 3.11. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.47 and a quick ratio of 0.47. The company’s 50-day moving average is $156.99 and its two-hundred day moving average is $148.95.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results on Thursday, August 1st. The software maker reported ($0.57) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.48). MicroStrategy had a negative return on equity of 14.72% and a negative net margin of 43.69%. The firm had revenue of $111.44 million for the quarter, compared to analyst estimates of $121.99 million. During the same quarter in the prior year, the business posted $0.15 EPS. The business’s revenue was down 7.4% on a year-over-year basis.

Insider Activity

In related news, CEO Phong Le sold 48,838 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $135.40, for a total value of $6,612,665.20. Following the sale, the chief executive officer now directly owns 12,670 shares of the company’s stock, valued at $1,715,518. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Phong Le sold 48,838 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $135.40, for a total transaction of $6,612,665.20. Following the completion of the transaction, the chief executive officer now directly owns 12,670 shares in the company, valued at $1,715,518. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Wei-Ming Shao sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total transaction of $423,600.00. Following the completion of the sale, the executive vice president now owns 6,460 shares in the company, valued at $912,152. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 101,838 shares of company stock worth $13,950,265. Insiders own 13.18% of the company’s stock.

Hedge Funds Weigh In On MicroStrategy

Large investors have recently bought and sold shares of the company. Claro Advisors LLC acquired a new position in shares of MicroStrategy during the first quarter worth $877,000. BNP Paribas Financial Markets increased its stake in shares of MicroStrategy by 30.5% in the first quarter. BNP Paribas Financial Markets now owns 14,274 shares of the software maker’s stock valued at $24,331,000 after buying an additional 3,333 shares during the period. Miracle Mile Advisors LLC bought a new position in shares of MicroStrategy during the first quarter worth about $228,000. Brookstone Capital Management raised its position in shares of MicroStrategy by 107.0% during the first quarter. Brookstone Capital Management now owns 708 shares of the software maker’s stock worth $1,207,000 after acquiring an additional 366 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of MicroStrategy in the first quarter worth approximately $377,000. 72.03% of the stock is currently owned by 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.