MicroStrategy Incorporated (MSTR) Downgraded by BidaskClub to Sell
BidaskClub cut shares of MicroStrategy Incorporated (NASDAQ:MSTR) from a hold rating to a sell rating in a research note issued to investors on Saturday.
MSTR has been the subject of several other research reports. Mizuho restated a buy rating and set a $220.00 target price on shares of MicroStrategy in a research note on Sunday, April 23rd. First Analysis downgraded MicroStrategy from an overweight rating to an equal weight rating and decreased their target price for the company from $225.00 to $140.00 in a research note on Monday, July 31st. Deutsche Bank AG downgraded MicroStrategy from a buy rating to a hold rating and decreased their target price for the company from $220.00 to $180.00 in a research note on Friday, July 28th. Zacks Investment Research upgraded MicroStrategy from a strong sell rating to a hold rating in a research note on Saturday, July 1st. Finally, TheStreet downgraded MicroStrategy from a b rating to a c+ rating in a research note 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’s stock. The stock currently has an average rating of Hold and an average target price of $191.00.
MicroStrategy (NASDAQ:MSTR) opened at 131.49 on Friday. The firm has a 50 day moving average price of $178.00 and a 200-day moving average price of $186.45. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 18.16 and a beta of 0.87. MicroStrategy has a 12 month low of $130.67 and a 12 month high of $207.28.
MicroStrategy (NASDAQ:MSTR) last announced its 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. MicroStrategy had a net margin of 16.37% and a return on equity of 14.99%. The business had revenue of $120.61 million for the quarter, compared to the consensus estimate of $125.18 million. During the same quarter in the previous year, the company earned $1.64 EPS. MicroStrategy’s revenue for the quarter was down 2.1% compared to the same quarter last year. On average, equities analysts forecast that MicroStrategy will post $4.42 EPS for the current year.
In other MicroStrategy news, EVP Wei-Ming Shao sold 2,400 shares of the firm’s 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 owns 1,005 shares in the company, valued at approximately $184,457.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 21.80% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of MicroStrategy during the first quarter worth approximately $120,000. Ameritas Investment Partners Inc. purchased a new stake in shares of MicroStrategy during the first quarter worth approximately $154,000. Creative Planning increased its stake in shares of MicroStrategy by 121.0% in the first quarter. Creative Planning now owns 884 shares of the software maker’s stock worth $166,000 after buying an additional 484 shares in the last quarter. State of Alaska Department of Revenue increased its stake 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 worth $195,000 after buying an additional 20 shares in the last quarter. Finally, Clearbridge Investments LLC increased its stake 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 worth $197,000 after buying an additional 110 shares in 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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