MicroStrategy Incorporated (MSTR) Cut to “C+” at TheStreet

TheStreet cut shares of MicroStrategy Incorporated (NASDAQ:MSTR) from a b rating to a c+ rating in a research note released on Friday, July 28th.

Several other equities research analysts have also recently weighed in on MSTR. Zacks Investment Research raised MicroStrategy from a sell rating to a hold rating in a research note on Wednesday, April 5th. Mizuho restated a buy rating and set a $220.00 target price on shares of MicroStrategy in a research report on Sunday, April 23rd. Benchmark Co. initiated coverage on MicroStrategy in a research report on Thursday, April 27th. They set a hold rating on the stock. BidaskClub upgraded MicroStrategy from a sell rating to a hold rating in a research report on Friday, June 23rd. Finally, Deutsche Bank AG lowered MicroStrategy from a buy rating to a hold rating and cut their target price for the company from $220.00 to $180.00 in a research report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $191.00.

MicroStrategy (NASDAQ MSTR) opened at 125.93 on Friday. MicroStrategy has a 12-month low of $125.15 and a 12-month high of $207.28. The company has a 50-day moving average price of $162.02 and a 200 day moving average price of $181.27. The company has a market cap of $1.44 billion, a PE ratio of 17.39 and a beta of 0.87.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Thursday, July 27th. The software maker reported $0.96 earnings per share for the quarter, missing the consensus estimate of $1.60 by $0.64. The company had revenue of $120.61 million during the quarter, compared to analyst estimates of $125.18 million. MicroStrategy had a net margin of 16.37% and a return on equity of 14.99%. The company’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.64 EPS. On average, analysts forecast that MicroStrategy will post $4.42 EPS for the current fiscal year.

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In other MicroStrategy 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 transaction, the executive vice president now owns 1,005 shares in the company, valued at $184,457.70. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 21.80% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Flinton Capital Management LLC raised its position in shares of MicroStrategy by 83.3% in the second quarter. Flinton Capital Management LLC now owns 528 shares of the software maker’s stock valued at $101,000 after buying an additional 240 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of MicroStrategy during the first quarter valued at about $120,000. ETF Managers Group LLC purchased a new position in shares of MicroStrategy during the second quarter valued at about $127,000. Ameritas Investment Partners Inc. purchased a new position in shares of MicroStrategy during the first quarter valued at about $154,000. Finally, Riverhead Capital Management LLC raised its position in shares of MicroStrategy by 108.3% in the second quarter. Riverhead Capital Management LLC now owns 833 shares of the software maker’s stock valued at $160,000 after buying an additional 433 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.