MicroStrategy (NASDAQ:MSTR) Stock Price Down 0.9% – Time to Sell?

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) were down 0.9% on Thursday . The company traded as low as $250.91 and last traded at $260.80. Approximately 5,638,978 shares were traded during trading, a decline of 67% from the average daily volume of 16,844,844 shares. The stock had previously closed at $263.27.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on MSTR shares. Sanford C. Bernstein restated an “outperform” rating and set a $600.00 price objective on shares of MicroStrategy in a research report on Thursday, December 12th. Canaccord Genuity Group reduced their price objective on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. 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 on the stock. Cantor Fitzgerald boosted their price objective on MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, BTIG Research lifted their target price on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $536.90.

MicroStrategy Price Performance

The company has a market capitalization of $61.23 billion, a price-to-earnings ratio of -45.35 and a beta of 3.25. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The business has a 50 day moving average price of $331.44 and a 200-day moving average price of $271.44.

MicroStrategy (NASDAQ:MSTR) last issued its earnings results on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

Institutional Trading of MicroStrategy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its holdings in MicroStrategy by 855.6% during the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock worth $25,000 after purchasing an additional 77 shares in the last quarter. Riverview Trust Co bought a new stake in MicroStrategy during the 4th quarter worth approximately $25,000. IAG Wealth Partners LLC bought a new stake in MicroStrategy during the 4th quarter worth approximately $25,000. Dunhill Financial LLC bought a new stake in MicroStrategy during the 4th quarter worth approximately $26,000. Finally, Safe Harbor Fiduciary LLC increased its holdings in MicroStrategy by 820.0% during the 4th quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker’s stock worth $27,000 after purchasing an additional 82 shares in the last quarter. 59.84% of the stock is owned by 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.