MicroStrategy (NASDAQ:MSTR) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, BidAskClub reports.

Other analysts have also issued research reports about the stock. ValuEngine lowered shares of MicroStrategy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research raised shares of MicroStrategy from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.

Shares of MSTR stock traded up $0.63 during trading on Friday, hitting $144.15. 45,576 shares of the stock traded hands, compared to its average volume of 85,451. The firm has a market capitalization of $1.47 billion, a P/E ratio of 84.79 and a beta of 0.64. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.90 and a quick ratio of 2.90. The firm’s fifty day moving average price is $144.51 and its 200-day moving average price is $139.70. MicroStrategy has a 52-week low of $115.50 and a 52-week high of $153.46.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Tuesday, July 30th. The software maker reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.19). The firm had revenue of $117.74 million for the quarter, compared to analysts’ expectations of $120.63 million. MicroStrategy had a net margin of 5.85% and a return on equity of 0.67%. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.13 EPS. As a group, equities research analysts expect that MicroStrategy will post 0.53 earnings per share for the current year.

In other news, Director Leslie J. Rechan purchased 1,900 shares of MicroStrategy stock in a transaction dated Thursday, August 1st. The shares were purchased at an average price of $136.98 per share, with a total value of $260,262.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 26.88% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its position in MicroStrategy by 7.0% in the second quarter. BlackRock Inc. now owns 1,347,405 shares of the software maker’s stock valued at $193,097,000 after purchasing an additional 87,574 shares during the period. Vanguard Group Inc. raised its position in MicroStrategy by 1.6% in the second quarter. Vanguard Group Inc. now owns 868,311 shares of the software maker’s stock valued at $124,438,000 after purchasing an additional 14,033 shares during the period. Victory Capital Management Inc. raised its position in MicroStrategy by 0.7% in the second quarter. Victory Capital Management Inc. now owns 415,595 shares of the software maker’s stock valued at $59,559,000 after purchasing an additional 3,009 shares during the period. First Trust Advisors LP purchased a new stake in MicroStrategy in the second quarter valued at approximately $59,082,000. Finally, Russell Investments Group Ltd. raised its position in MicroStrategy by 22.5% in the second quarter. Russell Investments Group Ltd. now owns 188,839 shares of the software maker’s stock valued at $27,046,000 after purchasing an additional 34,684 shares during the period. 76.42% of the stock is currently owned by institutional investors.

About MicroStrategy

MicroStrategy Incorporated provides enterprise analytics and mobility software platforms worldwide. It offers MicroStrategy Consulting that provides customers with assessment, advisory, architecture, and deployment services to guide their customers in defining, developing, and delivering business analytics solutions for their enterprises across various industries; and MicroStrategy Education, which consists of classroom-based courses, instructor-led courses, recorded courses, self-paced e-learning modules, customer on-site training, and enterprise E-Courseware options for large organizations in various languages.

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