MicroStrategy (NASDAQ:MSTR) Shares Down 2.8% - Should You Sell?

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report)'s stock price fell 2.8% during mid-day trading on Thursday . The stock traded as low as $317.22 and last traded at $331.70. 18,198,355 shares traded hands during mid-day trading, a decline of 19% from the average session volume of 22,519,609 shares. The stock had previously closed at $341.42.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. BTIG Research lifted their target price on MicroStrategy from $290.00 to $570.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Maxim Group lifted their price objective on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Benchmark reissued a "buy" rating and issued a $650.00 price objective on shares of MicroStrategy in a research report on Monday. TD Cowen lifted their target price on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a "buy" rating in a report on Monday, November 25th. Finally, Sanford C. Bernstein reissued an "outperform" rating and issued a $600.00 price target on shares of MicroStrategy in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. According to data from MarketBeat, MicroStrategy currently has a consensus rating of "Moderate Buy" and an average price target of $479.25.

MicroStrategy Stock Performance

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 firm has a market cap of $79.49 billion, a price-to-earnings ratio of -157.43 and a beta of 3.25. The stock has a 50 day moving average of $351.01 and a 200 day moving average of $225.30.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last released its earnings results on Wednesday, October 30th. The software maker reported ($1.56) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($1.44). MicroStrategy had a negative return on equity of 17.31% and a negative net margin of 87.05%. The business had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. During the same quarter in the previous year, the company earned ($8.98) earnings per share. The firm's revenue for the quarter was down 10.3% on a year-over-year basis.

Insider Buying and Selling

In related news, EVP Wei-Ming Shao sold 18,000 shares of the 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 sale, the executive vice president now directly owns 6,460 shares in the company, valued at $2,377,344.60. This represents a 73.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Stephen X. Graham sold 20,000 shares of MicroStrategy stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $451.36, for a total value of $9,027,200.00. Following the transaction, the director now directly owns 6,970 shares in the company, valued at $3,145,979.20. The trade was a 74.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,000 shares of company stock worth $32,259,177 in the last three months. 13.18% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. TD Asset Management Inc acquired a new stake in MicroStrategy in the second quarter valued at approximately $3,598,000. Candriam S.C.A. acquired a new stake in MicroStrategy in the 2nd quarter valued at $1,150,000. Savant Capital LLC increased its stake in MicroStrategy by 2.6% during the 2nd quarter. Savant Capital LLC now owns 599 shares of the software maker's stock valued at $825,000 after purchasing an additional 15 shares in the last quarter. Ballentine Partners LLC raised its holdings in MicroStrategy by 5.0% during the second quarter. Ballentine Partners LLC now owns 313 shares of the software maker's stock worth $431,000 after buying an additional 15 shares during the last quarter. Finally, Prudential PLC acquired a new position in MicroStrategy during the second quarter worth $362,000. 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.