MicroStrategy (NASDAQ:MSTR) Cut to “Sell” at 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 Ratings reports. They currently have $220.00 price target on the software maker’s stock.

MSTR has been the topic of a number of other research reports. Canaccord Genuity Group cut their target price on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Mizuho started coverage on MicroStrategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective on the stock. Compass Point upgraded MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods assumed coverage on MicroStrategy in a research report on Friday, February 7th. They issued an “outperform” rating and a $560.00 target price for the company. Finally, Maxim Group increased their price target on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. One 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. Based on data from MarketBeat, MicroStrategy currently has a consensus rating of “Moderate Buy” and an average target price of $508.09.

MicroStrategy Stock Down 9.7 %

Shares of NASDAQ:MSTR opened at $282.28 on Tuesday. The company has a market capitalization of $72.65 billion, a price-to-earnings ratio of -50.11 and a beta of 3.36. MicroStrategy has a 12-month low of $101.00 and a 12-month high of $543.00. The business has a 50-day moving average price of $306.70 and a 200 day moving average price of $298.31. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

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

Insider Buying and Selling

In other MicroStrategy news, CEO Phong Le purchased 6,000 shares of the firm’s stock in a transaction on Thursday, March 20th. The stock was bought at an average cost of $85.00 per share, with a total value of $510,000.00. Following the acquisition, the chief executive officer now directly owns 6,000 shares of the company’s stock, valued at approximately $510,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Leslie J. Rechan sold 15,000 shares of the company’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $335.90, for a total value of $5,038,500.00. Following the transaction, the director now directly owns 4,970 shares of the company’s stock, valued at approximately $1,669,423. This represents a 75.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 8,000 shares of company stock worth $680,000 and have sold 22,998 shares worth $7,671,926. Insiders own 9.16% of the company’s stock.

Institutional Investors Weigh In On MicroStrategy

Institutional investors have recently added to or reduced their stakes in the business. Riverview Trust Co purchased a new position in MicroStrategy in the fourth quarter valued at approximately $25,000. IAG Wealth Partners LLC acquired a new position in shares of MicroStrategy in the 4th quarter valued at $25,000. Quadrant Capital Group LLC grew its position in shares of MicroStrategy by 855.6% in the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock valued at $25,000 after buying an additional 77 shares during the last quarter. Dunhill Financial LLC purchased a new position in shares of MicroStrategy in the 4th quarter valued at $26,000. Finally, Sunbelt Securities Inc. raised its stake in MicroStrategy by 900.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after acquiring an additional 144 shares in the last quarter. Hedge funds and other 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.