MicroStrategy (NASDAQ:MSTR) Shares Down 1.4% - Time to Sell?

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report)'s stock price was down 1.4% during mid-day trading on Friday . The company traded as low as $317.81 and last traded at $319.28. Approximately 3,650,873 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 16,208,274 shares. The stock had previously closed at $323.92.

Analysts Set New Price Targets

A number of analysts have commented on MSTR shares. Canaccord Genuity Group reduced their price objective on MicroStrategy from $510.00 to $409.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Keefe, Bruyette & Woods started coverage on shares of MicroStrategy in a research report on Friday, February 7th. They set an "outperform" rating and a $560.00 target price on the stock. Cantor Fitzgerald increased their target price on MicroStrategy from $613.00 to $619.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Compass Point raised shares of MicroStrategy to a "strong-buy" rating in a report on Wednesday, January 29th. Finally, Benchmark reiterated a "buy" rating and issued a $650.00 price target on shares of MicroStrategy in a report on Tuesday, January 14th. 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, the company currently has a consensus rating of "Moderate Buy" and an average target price of $536.90.

MicroStrategy Trading Up 5.1 %

The business has a 50 day moving average of $337.07 and a two-hundred day moving average of $270.85. The firm has a market cap of $63.09 billion, a P/E ratio of -46.74 and a beta of 3.25. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted its 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 net margin of 251.73% and a negative return on equity of 19.01%.

Institutional Investors Weigh In On MicroStrategy

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. National Bank of Canada FI raised its position in shares of MicroStrategy by 746.2% in the 3rd quarter. National Bank of Canada FI now owns 20,647 shares of the software maker's stock valued at $3,481,000 after buying an additional 18,207 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of MicroStrategy in the 3rd quarter valued at about $254,000. Clarity Capital Partners LLC lifted its position in shares of MicroStrategy by 122.3% in the 4th quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker's stock worth $7,274,000 after purchasing an additional 13,817 shares during the period. Wellington Management Group LLP raised its stake in MicroStrategy by 979.8% during the third quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker's stock worth $1,134,000 after buying an additional 6,104 shares during the last quarter. Finally, US Bancorp DE lifted its stake in shares of MicroStrategy by 782.8% in the 3rd quarter. US Bancorp DE now owns 4,255 shares of the software maker's stock valued at $717,000 after purchasing an additional 3,773 shares during the period. 59.84% of the stock is currently owned by institutional investors and hedge funds.

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.