MicroStrategy (NASDAQ:MSTR) Shares Down 3% – Should You Sell?

MicroStrategy Incorporated (NASDAQ:MSTR)’s stock price dropped 3% during mid-day trading on Tuesday . The company traded as low as $237.01 and last traded at $243.32. Approximately 7,311,189 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 19,108,202 shares. The stock had previously closed at $250.92.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Sanford C. Bernstein restated an “outperform” rating and set a $600.00 target price on shares of MicroStrategy in a research note on Thursday, December 12th. TD Cowen raised their price objective on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Keefe, Bruyette & Woods started coverage on MicroStrategy in a research report on Friday, February 7th. They issued an “outperform” rating and a $560.00 target price on the stock. Compass Point raised shares of MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. Finally, Mizuho started coverage on shares of MicroStrategy in a report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $536.90.

MicroStrategy Stock Performance

The stock’s 50 day moving average price is $329.82 and its 200 day moving average price is $274.23. The company has a market capitalization of $70.81 billion, a P/E ratio of -48.85 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.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results 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 net margin of 251.73% and a negative return on equity of 19.01%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MSTR. Quadrant Capital Group LLC lifted its holdings 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 worth $25,000 after purchasing an additional 77 shares in the last quarter. Riverview Trust Co bought a new position in MicroStrategy in the 4th quarter valued at about $25,000. IAG Wealth Partners LLC acquired a new position in MicroStrategy during the 4th quarter valued at about $25,000. Dunhill Financial LLC bought a new stake in MicroStrategy during the 4th quarter worth approximately $26,000. Finally, Safe Harbor Fiduciary LLC raised its stake in shares of MicroStrategy by 820.0% in the fourth quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker’s stock worth $27,000 after purchasing an additional 82 shares during the last quarter. Institutional investors own 59.84% of the company’s stock.

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.