A number of other brokerages have also commented on MSTR. Zacks Investment Research upgraded shares of MicroStrategy from a sell rating to a hold rating in a report on Wednesday, April 5th. Benchmark Co. started coverage on shares of MicroStrategy in a report on Thursday, April 27th. They set a hold rating on the stock. BidaskClub upgraded shares of MicroStrategy from a sell rating to a hold rating in a report on Friday, June 23rd. Deutsche Bank AG lowered shares of MicroStrategy from a buy rating to a hold rating and dropped their target price for the company from $220.00 to $180.00 in a report on Friday, July 28th. Finally, First Analysis lowered shares of MicroStrategy from an overweight rating to an equal weight rating and dropped their target price for the company from $225.00 to $140.00 in a report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $191.00.
Shares of MicroStrategy (MSTR) opened at 125.93 on Friday. The company has a 50-day moving average price of $162.02 and a 200 day moving average price of $181.27. The firm has a market capitalization of $1.44 billion, a PE ratio of 17.39 and a beta of 0.87. MicroStrategy has a 52-week low of $125.15 and a 52-week high of $207.28.
MicroStrategy (NASDAQ:MSTR) last issued its earnings results on Thursday, July 27th. The software maker reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by $0.64. MicroStrategy had a net margin of 16.37% and a return on equity of 14.99%. The company had revenue of $120.61 million during the quarter, compared to analyst estimates of $125.18 million. During the same quarter in the prior year, the business earned $1.64 EPS. The business’s quarterly revenue was down 2.1% on a year-over-year basis. Analysts expect that MicroStrategy will post $4.42 EPS for the current fiscal year.
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In other news, EVP Wei-Ming Shao sold 2,400 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $183.54, for a total transaction of $440,496.00. Following the completion of the sale, the executive vice president now directly owns 1,005 shares of the company’s stock, valued at $184,457.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 21.80% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Isthmus Partners LLC boosted its position in MicroStrategy by 0.4% in the first quarter. Isthmus Partners LLC now owns 4,212 shares of the software maker’s stock valued at $791,000 after buying an additional 18 shares during the period. State of Alaska Department of Revenue boosted its position in MicroStrategy by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 1,040 shares of the software maker’s stock valued at $195,000 after buying an additional 20 shares during the period. Aperio Group LLC boosted its position in MicroStrategy by 0.5% in the second quarter. Aperio Group LLC now owns 4,171 shares of the software maker’s stock valued at $799,000 after buying an additional 22 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in MicroStrategy by 1.4% in the first quarter. Municipal Employees Retirement System of Michigan now owns 2,140 shares of the software maker’s stock valued at $402,000 after buying an additional 30 shares during the period. Finally, GHP Investment Advisors Inc. boosted its position in MicroStrategy by 0.8% in the first quarter. GHP Investment Advisors Inc. now owns 5,055 shares of the software maker’s stock worth $949,000 after buying an additional 40 shares during the last quarter. Institutional investors and hedge funds own 77.81% of the company’s stock.
MicroStrategy Company Profile
MicroStrategy Incorporated is a provider of enterprise software platforms around the world. The Company is engaged in the design, development, marketing and sales of its software platform through licensing arrangements, and cloud-based subscriptions and related services. It focuses on providing enterprise customers with software platform and services for deploying intelligence applications.
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