MicroStrategy (NASDAQ:MSTR) Trading Down 1.4% – Time to Sell?

MicroStrategy Incorporated (NASDAQ:MSTR)’s stock price traded down 1.4% during trading on Friday . The company traded as low as $317.81 and last traded at $319.28. 3,650,873 shares traded hands during trading, a decline of 77% from the average session volume of 16,208,274 shares. The stock had previously closed at $323.92.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. BTIG Research raised their price target on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods started coverage on MicroStrategy in a research report on Friday, February 7th. They set an “outperform” rating and a $560.00 price objective for the company. Mizuho started coverage on MicroStrategy in a research report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price objective for the company. Benchmark restated a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a research report on Tuesday, January 14th. Finally, Cantor Fitzgerald raised their price objective on MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $536.90.

MicroStrategy Trading Down 5.3 %

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 firm has a market cap of $73.50 billion, a P/E ratio of -54.47 and a beta of 3.25. The company’s 50 day simple moving average is $344.48 and its 200-day simple moving average is $265.91.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) 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%.

Institutional Trading of MicroStrategy

Several institutional investors and hedge funds have recently modified their holdings of MSTR. Geode Capital Management LLC raised its stake in MicroStrategy by 10.2% in the fourth quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker’s stock worth $881,470,000 after buying an additional 281,342 shares in the last quarter. Norges Bank purchased a new position in MicroStrategy in the fourth quarter worth $523,981,000. Northern Trust Corp grew its holdings in MicroStrategy by 24.4% in the fourth quarter. Northern Trust Corp now owns 1,076,185 shares of the software maker’s stock worth $311,685,000 after purchasing an additional 210,997 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in MicroStrategy by 25.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 802,464 shares of the software maker’s stock worth $232,410,000 after purchasing an additional 162,757 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in MicroStrategy by 14.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker’s stock worth $220,626,000 after purchasing an additional 97,515 shares during the last quarter. Institutional investors own 59.84% of the company’s stock.

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.