Bessemer Group Inc. Acquires 200 Shares of MicroStrategy Incorporated (NASDAQ:MSTR)
Bessemer Group Inc. raised its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR) by 1.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,500 shares of the software maker’s stock after buying an additional 200 shares during the period. Bessemer Group Inc.’s holdings in MicroStrategy were worth $2,396,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. 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. 78.41% of the stock is currently owned by hedge funds and other institutional investors.
MicroStrategy Incorporated (MSTR) opened at 130.60 on Thursday. The stock has a 50 day moving average of $173.60 and a 200-day moving average of $184.84. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 18.04 and a beta of 0.87. MicroStrategy Incorporated has a 52-week low of $128.77 and a 52-week high of $207.28.
MicroStrategy (NASDAQ:MSTR) last released 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 analyst estimates of $125.18 million. MicroStrategy had a net margin of 16.37% and a return on equity of 14.99%. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period last year, the business earned $1.64 earnings per share. On average, analysts forecast that MicroStrategy Incorporated will post $4.42 EPS for the current year.
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A number of equities analysts have recently commented on MSTR shares. BidaskClub raised shares of MicroStrategy from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Mizuho reissued a “buy” rating and issued a $220.00 price target on shares of MicroStrategy in a research report on Sunday, April 23rd. TheStreet lowered shares of MicroStrategy from a “b” rating to a “c+” rating in a research report on Friday, July 28th. First Analysis lowered shares of MicroStrategy from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $225.00 to $140.00 in a research report on Monday, July 31st. Finally, Deutsche Bank AG lowered shares of MicroStrategy from a “buy” rating to a “hold” rating and dropped their price target for the company from $220.00 to $180.00 in a research report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. MicroStrategy presently has a consensus rating of “Hold” and a consensus price target of $191.00.
In related news, EVP Wei-Ming Shao sold 2,400 shares of the firm’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $183.54, for a total value of $440,496.00. Following 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 21.80% 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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