MicroStrategy (NASDAQ:MSTR) Shares Down 0.3% - Time to Sell?

Shares of MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) dropped 0.3% during mid-day trading on Wednesday . The company traded as low as $332.39 and last traded at $332.88. Approximately 2,797,082 shares traded hands during trading, a decline of 83% from the average daily volume of 16,284,830 shares. The stock had previously closed at $333.97.

Analyst Ratings Changes

MSTR has been the subject of a number of research reports. TD Cowen boosted their price target on MicroStrategy from $392.00 to $525.00 and gave the company a "buy" rating in a research report on Monday, November 25th. Keefe, Bruyette & Woods initiated coverage on MicroStrategy in a research note on Friday, February 7th. They set an "outperform" rating and a $560.00 price objective on the stock. Benchmark restated a "buy" rating and set a $650.00 price objective on shares of MicroStrategy in a research note on Tuesday, January 14th. Cantor Fitzgerald boosted their price objective on MicroStrategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Finally, 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 note on Thursday, February 6th. 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. According to data from MarketBeat.com, MicroStrategy currently has an average rating of "Moderate Buy" and an average target price of $536.90.

MicroStrategy Stock Performance

The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The company has a 50 day moving average of $342.30 and a 200 day moving average of $267.09. The firm has a market cap of $71.82 billion, a price-to-earnings ratio of -53.20 and a beta of 3.25.

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

Institutional Trading of MicroStrategy

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vermillion Wealth Management Inc. acquired a new stake in MicroStrategy during the fourth quarter valued at approximately $54,000. Mackenzie Financial Corp raised its stake in MicroStrategy by 72.1% during the fourth quarter. Mackenzie Financial Corp now owns 13,460 shares of the software maker's stock valued at $3,898,000 after buying an additional 5,639 shares in the last quarter. Toronto Dominion Bank raised its stake in MicroStrategy by 55.0% during the fourth quarter. Toronto Dominion Bank now owns 30,706 shares of the software maker's stock valued at $8,892,000 after buying an additional 10,897 shares in the last quarter. Blue Sky Capital Consultants Group Inc. acquired a new stake in MicroStrategy during the fourth quarter valued at approximately $2,225,000. Finally, GF Fund Management CO. LTD. acquired a new stake in MicroStrategy during the fourth quarter valued at approximately $8,698,000. Institutional investors and hedge funds 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.