MicroStrategy Incorporated (NASDAQ:MSTR) Hits New 1-Year Low at $132.04
MicroStrategy Incorporated (NASDAQ:MSTR)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $132.04 and last traded at $132.04, with a volume of 103,851 shares. The stock had previously closed at $135.73.
A number of equities analysts have recently commented on the company. BidaskClub cut MicroStrategy from a “hold” rating to a “sell” rating in a report on Saturday. Zacks Investment Research cut MicroStrategy from a “hold” rating to a “strong sell” rating in a report on Thursday. TheStreet cut MicroStrategy from a “b” rating to a “c+” rating in a report on Friday, July 28th. First Analysis cut 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. Finally, Deutsche Bank AG cut MicroStrategy from a “buy” rating to a “hold” rating and dropped their target price for the stock from $220.00 to $180.00 in a report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $191.00.
The stock has a 50 day moving average price of $182.09 and a 200 day moving average price of $187.57. The firm has a market capitalization of $1.51 billion, a PE ratio of 18.18 and a beta of 0.87.
MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data 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 business had revenue of $120.61 million during the quarter, compared to analysts’ expectations of $125.18 million. MicroStrategy had a return on equity of 14.99% and a net margin of 16.37%. The company’s revenue was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.64 earnings per share. On average, equities research analysts anticipate that MicroStrategy Incorporated will post $4.42 earnings per share for the current fiscal year.
In related 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 transaction, the executive vice president now directly owns 1,005 shares in the company, valued at $184,457.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 21.80% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of MSTR. SG Americas Securities LLC acquired a new position in shares of MicroStrategy during the first quarter valued at $120,000. Ameritas Investment Partners Inc. acquired a new position in shares of MicroStrategy during the first quarter valued at $154,000. Creative Planning raised 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 last quarter. State of Alaska Department of Revenue raised 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 last quarter. Finally, Clearbridge Investments LLC raised its position in shares of MicroStrategy by 11.7% in the first quarter. Clearbridge Investments LLC now owns 1,050 shares of the software maker’s stock valued at $197,000 after buying an additional 110 shares during the last quarter. Institutional investors own 78.41% 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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