Several other equities analysts also recently commented on the company. BidaskClub upgraded MicroStrategy from a hold rating to a buy rating in a report on Saturday, July 1st. Zacks Investment Research upgraded MicroStrategy from a sell rating to a hold rating in a report on Wednesday, April 5th. Mizuho reiterated a buy rating and set a $220.00 price target on shares of MicroStrategy in a report on Sunday, April 23rd. Benchmark Co. started coverage on MicroStrategy in a research report on Thursday, April 27th. They issued a hold rating for the company. Finally, Deutsche Bank AG cut MicroStrategy from a buy rating to a hold rating and reduced their price objective for the company from $220.00 to $180.00 in a research report on Friday, July 28th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. MicroStrategy has an average rating of Hold and a consensus target price of $191.00.
MicroStrategy (NASDAQ:MSTR) opened at 125.93 on Friday. MicroStrategy has a 52-week low of $125.15 and a 52-week high of $207.28. The stock’s 50 day moving average is $162.02 and its 200-day moving average is $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 (NASDAQ:MSTR) last announced its quarterly earnings results on Thursday, July 27th. The software maker reported $0.96 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $125.18 million. During the same quarter last year, the business earned $1.64 EPS. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. Equities analysts expect that MicroStrategy will post $4.42 earnings per share for the current year.
In other news, EVP Wei-Ming Shao sold 2,400 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $183.54, for a total value 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 21.80% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of MSTR. Guggenheim Capital LLC purchased a new position in shares of MicroStrategy during the fourth quarter valued at approximately $520,000. Norges Bank purchased a new position in shares of MicroStrategy during the fourth quarter valued at approximately $19,456,000. Quadrature Capital Ltd purchased a new position in shares of MicroStrategy during the fourth quarter valued at approximately $1,210,000. Creative Planning boosted its position in shares of MicroStrategy by 121.0% in the first quarter. Creative Planning now owns 884 shares of the software maker’s stock valued at $166,000 after buying an additional 484 shares during the period. Finally, State of Alaska Department of Revenue boosted its position in shares of 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. 77.81% of the stock is owned by institutional investors.
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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