Spark Investment Management LLC Purchases Shares of 5,415 MicroStrategy Incorporated (NASDAQ:MSTR)
Spark Investment Management LLC purchased a new position in shares of MicroStrategy Incorporated (NASDAQ:MSTR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,415 shares of the software maker’s stock, valued at approximately $1,037,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in MicroStrategy during the first quarter worth $120,000. Ameritas Investment Partners Inc. purchased a new position in MicroStrategy during the first quarter worth $154,000. Creative Planning raised its position in MicroStrategy by 121.0% in the first quarter. Creative Planning now owns 884 shares of the software maker’s stock worth $166,000 after buying an additional 484 shares during the last quarter. State of Alaska Department of Revenue raised its position 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 worth $195,000 after buying an additional 20 shares during the last quarter. Finally, Clearbridge Investments LLC raised its position in MicroStrategy by 11.7% in the first quarter. Clearbridge Investments LLC now owns 1,050 shares of the software maker’s stock worth $197,000 after buying an additional 110 shares during the last quarter. 78.41% of the stock is currently owned by institutional investors.
Shares of MicroStrategy Incorporated (MSTR) opened at 130.60 on Thursday. MicroStrategy Incorporated has a 12 month low of $128.77 and a 12 month high of $207.28. The firm 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 (NASDAQ:MSTR) last posted its earnings results on Thursday, July 27th. The software maker reported $0.96 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.60 by $0.64. The company had revenue of $120.61 million for the quarter, compared to the consensus estimate of $125.18 million. MicroStrategy had a net margin of 16.37% and a return on equity of 14.99%. MicroStrategy’s revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.64 EPS. On average, analysts expect that MicroStrategy Incorporated will post $4.42 earnings per share for the current year.
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A number of research analysts recently weighed in on the stock. 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. TheStreet lowered shares of MicroStrategy from a “b” rating to a “c+” rating in a research report on Friday, July 28th. BidaskClub lowered shares of MicroStrategy from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. 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. Finally, Zacks Investment Research lowered shares of MicroStrategy from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $191.00.
In other MicroStrategy news, EVP Wei-Ming Shao sold 2,400 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $183.54, for a total transaction of $440,496.00. Following the transaction, 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 Securities & Exchange Commission, which is available through this hyperlink. 21.80% of the stock is currently owned by corporate insiders.
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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