MicroStrategy (NASDAQ:MSTR) Stock Price Down 1.7% – Time to Sell?

by · The Cerbat Gem

MicroStrategy Incorporated (NASDAQ:MSTR – Get Free Report) shares dropped 1.7% during mid-day trading on Wednesday . The stock traded as low as $239.00 and last traded at $253.94. Approximately 7,569,446 shares were traded during trading, a decline of 54% from the average daily volume of 16,497,963 shares. The stock had previously closed at $258.24.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Benchmark upped their target price on shares of MicroStrategy from $215.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Maxim Group increased 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. BTIG Research boosted their price target on MicroStrategy from $180.00 to $240.00 and gave the company a “buy” rating in a report on Monday, October 21st. Sanford C. Bernstein cut their target price 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, TD Cowen upped their target price on MicroStrategy from $195.00 to $200.00 and gave the company a “buy” rating in a report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $220.00.

Get Our Latest Report on MSTR

MicroStrategy Stock Performance

The company has a market cap of $44.25 billion, a P/E ratio of -181.91 and a beta of 3.11. The company has a 50 day moving average price of $165.99 and a 200-day moving average price of $151.61. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.31.

MicroStrategy (NASDAQ:MSTR – Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $111.44 million for the quarter, compared to analysts’ expectations of $121.99 million. MicroStrategy had a negative return on equity of 14.72% and a negative net margin of 43.69%. During the same quarter in the prior year, the business posted $0.15 earnings per share. MicroStrategy’s revenue was down 7.4% on a year-over-year basis.

Insider Activity

In other MicroStrategy news, CEO Phong Le sold 50,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $138.28, for a total value of $6,914,000.00. Following the sale, the chief executive officer now directly owns 12,670 shares in the company, valued at $1,752,007.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other MicroStrategy news, CEO Phong Le sold 50,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $138.28, for a total value of $6,914,000.00. Following the sale, the chief executive officer now owns 12,670 shares of the company’s stock, valued at $1,752,007.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Wei-Ming Shao sold 3,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total transaction of $423,600.00. Following the transaction, the executive vice president now owns 6,460 shares of the company’s stock, valued at approximately $912,152. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 101,838 shares of company stock valued at $13,950,265. 13.18% of the stock is owned by company insiders.

Hedge Funds Weigh In On MicroStrategy

Several institutional investors have recently added to or reduced their stakes in the company. UMB Bank n.a. raised its stake in shares of MicroStrategy by 900.0% in the third quarter. UMB Bank n.a. now owns 150 shares of the software maker’s stock valued at $25,000 after acquiring an additional 135 shares during the last quarter. AlphaMark Advisors LLC increased its holdings in MicroStrategy by 2,900.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 150 shares of the software maker’s stock valued at $25,000 after purchasing an additional 145 shares in the last quarter. ST Germain D J Co. Inc. boosted its stake in MicroStrategy by 900.0% in the third quarter. ST Germain D J Co. Inc. now owns 170 shares of the software maker’s stock worth $29,000 after purchasing an additional 153 shares in the last quarter. Fairman Group LLC increased its stake in shares of MicroStrategy by 900.0% in the third quarter. Fairman Group LLC now owns 200 shares of the software maker’s stock valued at $34,000 after buying an additional 180 shares in the last quarter. Finally, Rosenberg Matthew Hamilton raised its holdings in shares of MicroStrategy by 900.0% in the third quarter. Rosenberg Matthew Hamilton now owns 210 shares of the software maker’s stock valued at $35,000 after buying an additional 189 shares during the last quarter. 72.03% of the stock is owned by institutional investors.

MicroStrategy Company Profile

(Get Free Report)

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.

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