MicroStrategy Incorporated (NASDAQ:MSTR) Lowered to “Hold” at Deutsche Bank AG
Deutsche Bank AG cut shares of MicroStrategy Incorporated (NASDAQ:MSTR) from a buy rating to a hold rating in a research report released on Friday morning, Marketbeat.com reports. The brokerage currently has $180.00 target price on the software maker’s stock, down from their prior target price of $220.00.
A number of other brokerages have also weighed in on MSTR. Zacks Investment Research upgraded shares of MicroStrategy from a sell rating to a hold rating in a report on Wednesday, April 5th. Benchmark Co. started coverage on shares of MicroStrategy in a report on Thursday, April 27th. They set a hold rating for the company. BidaskClub upgraded shares of MicroStrategy from a sell rating to a hold rating in a report on Friday, June 23rd. Finally, Mizuho reiterated a buy rating and set a $220.00 price objective on shares of MicroStrategy in a report on Sunday, April 23rd. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of Hold and an average target price of $191.00.
Shares of MicroStrategy (NASDAQ MSTR) traded up 0.74% during trading on Friday, hitting $135.50. 103,629 shares of the stock traded hands. The stock has a market cap of $1.55 billion, a PE ratio of 18.72 and a beta of 0.92. MicroStrategy has a 12 month low of $133.19 and a 12 month high of $207.28. The firm’s 50-day moving average price is $183.37 and its 200-day moving average price is $188.07.
MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data on Thursday, July 27th. The software maker reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by $0.64. MicroStrategy had a net margin of 16.37% and a return on equity of 14.99%. The company 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 business earned $1.64 EPS. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. Analysts anticipate that MicroStrategy will post $7.28 EPS for the current year.
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In other news, EVP Wei-Ming Shao sold 2,400 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 21.80% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Martingale Asset Management L P raised its stake in MicroStrategy by 6.8% in the first quarter. Martingale Asset Management L P now owns 36,310 shares of the software maker’s stock valued at $6,820,000 after buying an additional 2,301 shares in the last quarter. Clearbridge Investments LLC raised its stake in 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 in the last quarter. Alambic Investment Management L.P. raised its stake in MicroStrategy by 47.2% in the first quarter. Alambic Investment Management L.P. now owns 10,510 shares of the software maker’s stock valued at $1,974,000 after buying an additional 3,370 shares in the last quarter. Bank of America Corp DE raised its stake in MicroStrategy by 148.8% in the first quarter. Bank of America Corp DE now owns 35,539 shares of the software maker’s stock valued at $6,674,000 after buying an additional 21,257 shares in the last quarter. Finally, Guggenheim Capital LLC acquired a new stake in MicroStrategy during the fourth quarter valued at approximately $520,000. Institutional investors and hedge funds own 77.71% of the company’s stock.
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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