BidaskClub lowered shares of MicroStrategy Incorporated (NASDAQ:MSTR) from a hold rating to a sell rating in a report released on Saturday, August 5th.
A number of other research analysts have also issued reports on the stock. Zacks Investment Research raised shares of MicroStrategy from a strong sell rating to a hold rating in a research note on Saturday, July 1st. Benchmark Co. initiated coverage on shares of MicroStrategy in a research note on Thursday, April 27th. They set a hold rating for the company. First Analysis downgraded shares of MicroStrategy from an overweight rating to an equal weight rating and dropped their target price for the stock from $225.00 to $140.00 in a report on Monday, July 31st. Deutsche Bank AG lowered shares of MicroStrategy from a buy rating to a hold rating and cut their price target for the company from $220.00 to $180.00 in a report on Friday, July 28th. Finally, TheStreet downgraded shares of MicroStrategy from a b rating to a c+ rating 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 company. MicroStrategy currently has an average rating of Hold and a consensus price target of $191.00.
MicroStrategy (NASDAQ MSTR) traded down 1.20% during trading on Friday, reaching $125.93. 183,883 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $162.02 and a 200 day moving average price of $181.27. The stock has a market capitalization of $1.44 billion, a P/E ratio of 17.39 and a beta of 0.87. MicroStrategy has a 1-year low of $125.15 and a 1-year high of $207.28.
MicroStrategy (NASDAQ:MSTR) last released its earnings results on Thursday, July 27th. The software maker reported $0.96 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.60 by $0.64. The company had revenue of $120.61 million during the quarter, compared to the consensus estimate of $125.18 million. MicroStrategy had a return on equity of 14.99% and a net margin of 16.37%. MicroStrategy’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.64 EPS. Equities research analysts expect that MicroStrategy will post $4.42 earnings per share for the current year.
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In related news, EVP Wei-Ming Shao sold 2,400 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now directly owns 1,005 shares in the company, valued at approximately $184,457.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 21.80% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in MicroStrategy by 29,588.9% in the first quarter. BlackRock Inc. now owns 1,343,421 shares of the software maker’s stock valued at $252,295,000 after buying an additional 1,338,896 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of MicroStrategy by 3.2% in the second quarter. Vanguard Group Inc. now owns 861,272 shares of the software maker’s stock worth $165,080,000 after buying an additional 27,107 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of MicroStrategy by 1.1% in the second quarter. Teachers Advisors LLC now owns 295,039 shares of the software maker’s stock worth $56,550,000 after buying an additional 3,306 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of MicroStrategy by 6.2% in the second quarter. Bank of New York Mellon Corp now owns 255,493 shares of the software maker’s stock worth $48,971,000 after buying an additional 14,839 shares in the last quarter. Finally, State Street Corp boosted its position in shares of MicroStrategy by 4.1% in the second quarter. State Street Corp now owns 237,831 shares of the software maker’s stock worth $45,585,000 after buying an additional 9,325 shares in the last quarter. Hedge funds and other institutional investors own 77.81% of the company’s stock.
About MicroStrategy
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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