Several stock analysts have weighed in on the company recently. Jefferies Financial Group cut its price target on MicroStrategy from $225.00 to $215.00 in a Monday, May 23 report. StockNews.com upgraded MicroStrategy to a “sell” rating in a Tuesday, June 14 report. TheStreet upgraded MicroStrategy from a “c-” to a “d+” rating in a Monday, May 9 report. Finally, Canaccord Genuity Group reduced its price target on MicroStrategy from $540.00 to $453.00 in a Wednesday, May 4 report. Three equity research analysts gave the stock a sell rating, one gave the company a hold rating and two gave the company a buy rating. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $534.83.
The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt ratio of 2.74. The company has a market capitalization of $2.10 billion, a P/E ratio of -3.42 and a beta of 1.74. The company has a fifty-day moving average of $280.19 and a 200-day moving average of $402.42.
MicroStrategy (NASDAQ:MSTR – Get Rating) last released its quarterly earnings data on Tuesday, May 3. The software maker reported ($10.42) earnings per share (EPS) for the quarter, missing analyst consensus estimates of $1.50 per ($11.92). MicroStrategy had a negative return on equity of 30.40% and a negative net margin of 109.68%. The company posted revenue of $119.28 million for the quarter, versus a consensus estimate of $126.23 million. In the same quarter of the previous year, the company achieved EPS of $1.05. The company’s revenue was down 2.9% year-over-year. Research analysts expect MicroStrategy Incorporated to post -11.76 EPS for the current year.
In other MicroStrategy news, Executive Vice President Timothy Edwin Lang purchased 2,500 shares of the company in a trade dated Wednesday, May 11. The stock was purchased at an average cost of $200.00 per share, for a total transaction of $500,000.00. Following the completion of the transaction, the executive vice president now owns 2,708 shares of the company, valued at $541,600. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, director Leslie J. Rechan purchased 2,000 shares of the company in a transaction dated Wednesday, May 11. The shares were acquired at an average price of $204.42 per share, with a total value of $408,840.00. Following completion of the transaction, the director now owns 2,000 shares of the company, valued at approximately $408,840. Disclosure of this purchase can be found here. Insiders hold 22.59% of the shares of the company.
A number of institutional investors and hedge funds have recently changed their positions in MSTR. Spire Wealth Management increased its holdings of MicroStrategy shares by 728.6% during the fourth quarter. Spire Wealth Management now owns 58 shares of the software maker worth $32,000 after buying 51 more shares in the last quarter. Sittner & Nelson LLC acquired a new position in shares of MicroStrategy during the fourth quarter worth $38,000. Monolith Advisors acquired a new position in shares of MicroStrategy during the fourth quarter worth $38,000. Elequin Capital LP acquired a new position in shares of MicroStrategy during the first quarter worth $46,000. Finally, Harbor Investment Advisory LLC acquired a new position in shares of MicroStrategy during the first quarter worth $49,000. Institutional investors and hedge funds hold 52.87% of the company’s shares.
MicroStrategy Company Profile (NASDAQ: MSTR)
MicroStrategy Incorporated provides business analytics software and services worldwide. It offers MicroStrategy, an enterprise platform, which provides a modern analytics experience by providing users with insights across multiple devices through hyperintelligence products, visualization and reporting capabilities, mobility features and custom applications developed on the platform; data analysts and scientists with seamless access to trusted, governed data right in their tools; and APIs and gateways, multiple deployment options, enterprise semantic graph, scalability and security.
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