MicroStrategy (NASDAQ:MSTR) Lowered to Sell Rating by Monness Crespi & Hardt

Monness Crespi & Hardt lowered shares of MicroStrategy (NASDAQ:MSTR) from a neutral rating to a sell rating in a research note issued to investors on Tuesday morning, Marketbeat.com reports. Monness Crespi & Hardt currently has $220.00 price objective on the software maker’s stock.

Several other research analysts also recently commented on MSTR. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $600.00 price objective on shares of MicroStrategy in a report on Thursday, December 12th. Barclays cut their price target on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Canaccord Genuity Group decreased their price objective on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Compass Point upgraded MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods started coverage on MicroStrategy in a research report on Friday, February 7th. They set an “outperform” rating and a $560.00 price target on the stock. One equities research 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $508.09.

MicroStrategy Stock Up 6.2 %

Shares of NASDAQ MSTR opened at $306.02 on Tuesday. The business’s fifty day moving average price is $309.81 and its 200-day moving average price is $298.32. MicroStrategy has a one year low of $101.00 and a one year high of $543.00. The stock has a market capitalization of $78.75 billion, a PE ratio of -54.33 and a beta of 3.36. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data 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%.

Insider Buying and Selling at MicroStrategy

In related news, Director Leslie J. Rechan sold 15,000 shares of MicroStrategy stock in a transaction on 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 transaction, the director now directly owns 4,970 shares of the company’s stock, valued at $1,669,423. The trade was a 75.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Wei-Ming Shao acquired 500 shares of the firm’s stock in a transaction on Thursday, March 20th. The stock was 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 of the company’s stock, valued at approximately $42,500. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 8,000 shares of company stock worth $680,000 and have sold 22,998 shares worth $7,671,926. Company insiders own 9.16% of the company’s stock.

Institutional Trading of MicroStrategy

Several large investors have recently modified their holdings of the business. Maryland State Retirement & Pension System grew its position in shares of MicroStrategy by 0.3% in the 4th quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker’s stock worth $2,604,000 after buying an additional 30 shares during the last quarter. Family Management Corp lifted its stake in MicroStrategy by 2.2% in the fourth quarter. Family Management Corp now owns 1,370 shares of the software maker’s stock worth $397,000 after acquiring an additional 30 shares during the period. GPS Wealth Strategies Group LLC boosted its holdings in MicroStrategy by 3.2% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock valued at $324,000 after acquiring an additional 35 shares in the last quarter. Oder Investment Management LLC increased its position in MicroStrategy by 3.1% during the 4th quarter. Oder Investment Management LLC now owns 1,268 shares of the software maker’s stock valued at $367,000 after purchasing an additional 38 shares during the period. Finally, Versant Capital Management Inc raised its holdings in MicroStrategy by 38.2% in the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock worth $41,000 after purchasing an additional 39 shares in the last quarter. 59.84% of the stock is owned by 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.