MicroStrategy (NASDAQ:MSTR) Cut to “Sell” at Monness Crespi & Hardt

Monness Crespi & Hardt cut shares of MicroStrategy (NASDAQ:MSTR) from a neutral rating to a sell rating in a report released on Tuesday morning, Marketbeat reports. They currently have $220.00 target price on the software maker’s stock.

Several other equities analysts have also commented on the stock. Canaccord Genuity Group decreased their price objective on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Benchmark reaffirmed a “buy” rating and issued a $650.00 price target on shares of MicroStrategy in a report on Tuesday, January 14th. Maxim Group lifted their price objective on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” 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, Keefe, Bruyette & Woods assumed coverage on MicroStrategy in a report on Friday, February 7th. They issued an “outperform” rating and a $560.00 price target for the company. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $508.09.

MicroStrategy Price Performance

Shares of MSTR opened at $282.28 on Tuesday. The company has a 50 day moving average of $306.70 and a two-hundred day moving average of $298.31. The company has a market cap of $72.65 billion, a price-to-earnings ratio of -50.11 and a beta of 3.36. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. MicroStrategy has a twelve month low of $101.00 and a twelve month high of $543.00.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share 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%.

Insider Buying and Selling

In other MicroStrategy news, CFO Andrew Kang bought 1,500 shares of the company’s stock in a transaction dated Thursday, March 20th. The stock was acquired at an average price of $85.00 per share, with a total value of $127,500.00. Following the completion of the acquisition, the chief financial officer now directly owns 1,500 shares of the company’s stock, valued at $127,500. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Wei-Ming Shao purchased 500 shares of the firm’s stock in a transaction dated Thursday, March 20th. The stock was acquired at an average cost of $85.00 per share, for a total transaction of $42,500.00. Following the completion of the purchase, the executive vice president now owns 500 shares of the company’s stock, valued at approximately $42,500. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 8,000 shares of company stock worth $680,000 and sold 22,998 shares worth $7,671,926. 9.16% of the stock is owned by company insiders.

Institutional Investors Weigh In On MicroStrategy

A number of large investors have recently made changes to their positions in MSTR. Riverview Trust Co acquired a new position in MicroStrategy during the fourth quarter worth $25,000. IAG Wealth Partners LLC acquired a new position in shares of MicroStrategy during the 4th quarter valued at about $25,000. Quadrant Capital Group LLC boosted its position in shares of MicroStrategy by 855.6% during the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock valued at $25,000 after acquiring an additional 77 shares during the last quarter. Dunhill Financial LLC purchased a new stake in shares of MicroStrategy in the fourth quarter valued at about $26,000. Finally, Sunbelt Securities Inc. increased its position in MicroStrategy by 900.0% during the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after purchasing an additional 144 shares during the last quarter. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

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.