MicroStrategy (NASDAQ:MSTR) Stock Price Down 1.3% - Should You Sell?

Shares of MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) fell 1.3% during trading on Wednesday . The company traded as low as $367.77 and last traded at $370.13. 2,717,507 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 17,900,866 shares. The stock had previously closed at $375.18.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. UBS Group reiterated a "buy" rating on shares of MicroStrategy in a report on Friday, May 16th. Barclays reiterated a "hold" rating on shares of MicroStrategy in a research report on Monday, May 19th. BTIG Research reissued a "buy" rating on shares of MicroStrategy in a research report on Wednesday, May 14th. Canaccord Genuity Group restated a "buy" rating on shares of MicroStrategy in a report on Monday, May 19th. Finally, HC Wainwright initiated coverage on shares of MicroStrategy in a report on Tuesday, April 29th. They issued a "buy" rating and a $480.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $514.42.

MicroStrategy Price Performance

The stock has a 50 day moving average price of $370.40 and a two-hundred day moving average price of $341.70. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market capitalization of $100.77 billion, a PE ratio of -16.96 and a beta of 3.73.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($16.47). MicroStrategy had a negative net margin of 1,160.72% and a negative return on equity of 37.64%. The firm had revenue of $111.07 million for the quarter, compared to the consensus estimate of $116.66 million. During the same quarter in the prior year, the firm earned ($0.83) earnings per share. The company's revenue was down 3.6% on a year-over-year basis.

Insider Activity at MicroStrategy

In other MicroStrategy news, Director Leslie J. Rechan sold 15,000 shares of the business's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total value of $5,038,500.00. Following the completion of the sale, the director now owns 4,970 shares of the company's stock, valued at $1,669,423. The trade was a 75.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Wei-Ming Shao purchased 500 shares of MicroStrategy stock in a transaction that occurred on Thursday, March 20th. The shares were purchased at an average price of $85.00 per share, for a total transaction of $42,500.00. Following the transaction, the executive vice president now directly owns 500 shares in the company, valued at $42,500. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders acquired 33,277 shares of company stock valued at $2,992,345 and sold 93,619 shares valued at $33,607,643. Insiders own 8.46% of the company's stock.

Hedge Funds Weigh In On MicroStrategy

Several large investors have recently bought and sold shares of the company. Riverview Trust Co purchased a new position in shares of MicroStrategy in the 4th quarter worth approximately $25,000. IAG Wealth Partners LLC bought a new position in MicroStrategy during the 4th quarter valued at approximately $25,000. Quadrant Capital Group LLC grew its stake in MicroStrategy by 855.6% in the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock worth $25,000 after purchasing an additional 77 shares during the period. Dunhill Financial LLC bought a new position in MicroStrategy in the 4th quarter worth about $26,000. Finally, Parkside Financial Bank & Trust increased its holdings in 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 in the last quarter. 59.84% of the stock is currently owned by institutional investors.

About MicroStrategy

Strategy Incorporated, formerly known as MicroStrategy, provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers Strategy ONE, a platform that allows non-technical users to access novel and actionable insights for decision-making, and Strategy Cloud for Government, which provides always-on threat monitoring designed to meet the strict technical and regulatory standards of governments and financial institutions.

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