MicroStrategy Incorporated (NASDAQ:MSTR) Shares Sold by Credit Suisse AG
Credit Suisse AG reduced its stake in MicroStrategy Incorporated (NASDAQ:MSTR) by 28.7% during the first quarter, Holdings Channel reports. The fund owned 9,737 shares of the software maker’s stock after selling 3,914 shares during the period. Credit Suisse AG’s holdings in MicroStrategy were worth $1,828,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in MicroStrategy during the first quarter valued at $120,000. Ameritas Investment Partners Inc. bought a new stake in MicroStrategy during the first quarter valued at $154,000. Creative Planning increased its stake in 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 increased its stake in 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, Campbell & CO Investment Adviser LLC bought a new stake in MicroStrategy during the first quarter valued at $242,000. 78.41% of the stock is owned by institutional investors and hedge funds.
MicroStrategy Incorporated (NASDAQ MSTR) traded up 0.16% during midday trading on Friday, reaching $127.94. 44,573 shares of the company traded hands. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 17.67 and a beta of 0.87. The company has a 50-day moving average price of $171.98 and a 200-day moving average price of $184.43. MicroStrategy Incorporated has a 12-month low of $126.07 and a 12-month high of $207.28.
MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data on Thursday, July 27th. The software maker reported $0.96 EPS for the quarter, missing the Zacks’ consensus estimate of $1.60 by $0.64. The firm had revenue of $120.61 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.64 earnings per share. On average, analysts predict that MicroStrategy Incorporated will post $4.42 earnings per share for the current fiscal year.
Several equities research analysts recently weighed in on the stock. First Analysis downgraded shares of MicroStrategy from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $225.00 to $140.00 in a report on Monday, July 31st. TheStreet downgraded shares of MicroStrategy from a “b” rating to a “c+” rating in a report on Friday, July 28th. BidaskClub downgraded shares of MicroStrategy from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Zacks Investment Research downgraded shares of MicroStrategy from a “hold” rating to a “strong sell” rating in a report on Thursday, August 3rd. Finally, Deutsche Bank AG downgraded shares of MicroStrategy from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $220.00 to $180.00 in a report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $191.00.
In related news, EVP Wei-Ming Shao sold 2,400 shares of MicroStrategy 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 completion of the sale, the executive vice president now directly owns 1,005 shares in the company, valued at $184,457.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 21.80% of the stock is owned by company insiders.
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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