MicroStrategy (NASDAQ:MSTR) Trading Down 1.6% - Time to Sell?

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report)'s stock price traded down 1.6% during mid-day trading on Thursday . The company traded as low as $367.42 and last traded at $369.03. 9,128,059 shares traded hands during trading, a decline of 49% from the average session volume of 17,961,893 shares. The stock had previously closed at $375.18.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MSTR shares. Cantor Fitzgerald reiterated a "hold" rating on shares of MicroStrategy in a report on Monday, May 19th. Barclays reiterated a "hold" rating on shares of MicroStrategy in a report on Monday, May 19th. UBS Group restated a "buy" rating on shares of MicroStrategy in a research note on Friday, May 16th. Monness Crespi & Hardt lowered shares of MicroStrategy from a "neutral" rating to a "sell" rating and set a $220.00 price target on the stock. in a research note on Tuesday, April 1st. Finally, BTIG Research reissued a "buy" rating on shares of MicroStrategy in a report on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $514.42.

MicroStrategy Stock Performance

The stock's 50-day moving average price is $371.84 and its 200-day moving average price is $341.89. 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 $100.89 billion, a price-to-earnings ratio of -16.92 and a beta of 3.73.

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

Insider Buying and Selling at MicroStrategy

In other MicroStrategy news, CAO Jeanine Montgomery sold 481 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $329.27, for a total transaction of $158,378.87. Following the sale, the chief accounting officer now owns 7,805 shares in the company, valued at approximately $2,569,952.35. This represents a 5.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Phong Le sold 5,295 shares of the firm's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $374.54, for a total value of $1,983,189.30. Following the transaction, the chief executive officer now directly owns 24,790 shares of the company's stock, valued at $9,284,846.60. The trade was a 17.60% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 25,277 shares of company stock valued at $2,312,345 and have sold 93,619 shares valued at $33,607,643. 8.46% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MicroStrategy

A number of institutional investors have recently made changes to their positions in MSTR. Maryland State Retirement & Pension System increased its position in MicroStrategy by 0.3% during the 4th quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker's stock worth $2,604,000 after purchasing an additional 30 shares in the last quarter. Family Management Corp raised its position in shares of MicroStrategy by 2.2% in the fourth quarter. Family Management Corp now owns 1,370 shares of the software maker's stock valued at $397,000 after buying an additional 30 shares during the last quarter. Oder Investment Management LLC lifted its stake in shares of MicroStrategy by 3.1% during the fourth quarter. Oder Investment Management LLC now owns 1,268 shares of the software maker's stock valued at $367,000 after buying an additional 38 shares during the period. Summit Financial LLC lifted its stake in shares of MicroStrategy by 5.3% during the first quarter. Summit Financial LLC now owns 815 shares of the software maker's stock valued at $235,000 after buying an additional 41 shares during the period. Finally, Rothschild Investment LLC boosted its position in MicroStrategy by 2.3% during the first quarter. Rothschild Investment LLC now owns 2,049 shares of the software maker's stock worth $591,000 after acquiring an additional 46 shares during the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

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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