MicroStrategy (NASDAQ:MSTR) Stock Price Down 2.1% – Time to Sell?

MicroStrategy Incorporated (NASDAQ:MSTR)’s stock price fell 2.1% during mid-day trading on Wednesday . The company traded as low as $340.16 and last traded at $340.96. 2,918,263 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 18,110,059 shares. The stock had previously closed at $348.31.

Analyst Ratings Changes

Several research firms have issued reports on MSTR. Sanford C. Bernstein reissued an “outperform” rating and set a $600.00 target price on shares of MicroStrategy in a research note on Thursday, December 12th. Barclays boosted their target price on MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. TD Cowen upped their price objective on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Canaccord Genuity Group raised their price objective on MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Finally, Benchmark restated a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a research note on Tuesday, January 14th. One research 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $483.22.

MicroStrategy Trading Down 2.8 %

The company has a fifty day simple moving average of $358.58 and a two-hundred day simple moving average of $253.42. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $81.16 billion, a P/E ratio of -160.51 and a beta of 3.25.

Insider Buying and Selling at MicroStrategy

In other news, EVP Wei-Ming Shao sold 18,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total value of $6,624,180.00. Following the completion of the transaction, the executive vice president now directly owns 6,460 shares of the company’s stock, valued at $2,377,344.60. This trade represents a 73.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jeanine Montgomery sold 752 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $322.45, for a total value of $242,482.40. Following the transaction, the chief accounting officer now directly owns 6,418 shares of the company’s stock, valued at $2,069,484.10. The trade was a 10.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,050 shares of company stock valued at $16,314,110 in the last quarter. 9.16% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MicroStrategy

A number of hedge funds and other institutional investors have recently modified their holdings of MSTR. WR Wealth Planners LLC grew its holdings in MicroStrategy by 22.6% in the 4th quarter. WR Wealth Planners LLC now owns 260 shares of the software maker’s stock worth $75,000 after acquiring an additional 48 shares during the last quarter. Maripau Wealth Management LLC bought a new position in MicroStrategy in the 4th quarter worth $336,000. SVB Wealth LLC purchased a new position in shares of MicroStrategy during the 4th quarter worth approximately $1,475,000. Parkside Financial Bank & Trust grew its position in shares of MicroStrategy by 422.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock worth $27,000 after buying an additional 76 shares during the period. Finally, QRG Capital Management Inc. grew its holdings in MicroStrategy by 119.1% in the fourth quarter. QRG Capital Management Inc. now owns 3,829 shares of the software maker’s stock worth $1,109,000 after purchasing an additional 2,081 shares during the period. 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.