MicroStrategy (NASDAQ:MSTR) Rating Increased to Sell at StockNews.com

StockNews.com upgraded shares of MicroStrategy (NASDAQ:MSTRGet Rating) to a sell rating in a report published on Saturday morning.

Several other research analysts have also commented on MSTR. Canaccord Genuity Group reduced their price objective on shares of MicroStrategy from $540.00 to $453.00 in a research note on Wednesday, May 4th. Jefferies Financial Group reduced their price objective on shares of MicroStrategy from $225.00 to $215.00 in a research note on Monday, May 23rd. Finally, TheStreet lowered shares of MicroStrategy from a c- rating to a d+ rating in a research note on Monday, May 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, MicroStrategy currently has a consensus rating of Hold and a consensus price target of $622.25.

NASDAQ MSTR opened at $187.68 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 2.74. The firm has a market cap of $2.12 billion, a PE ratio of -3.45 and a beta of 1.90. The company has a 50 day moving average price of $223.47 and a 200 day moving average price of $371.98. MicroStrategy has a 52 week low of $134.09 and a 52 week high of $891.38.

MicroStrategy (NASDAQ:MSTRGet Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The software maker reported ($10.42) EPS for the quarter, missing the consensus estimate of $1.50 by ($11.92). The firm had revenue of $119.28 million for the quarter, compared to the consensus estimate of $126.23 million. MicroStrategy had a negative return on equity of 30.40% and a negative net margin of 109.68%. The company’s revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.05 EPS. On average, equities research analysts anticipate that MicroStrategy will post -11.76 earnings per share for the current fiscal year.

In other MicroStrategy news, Director Leslie J. Rechan acquired 2,000 shares of the company’s stock in a transaction dated Wednesday, May 11th. The shares were acquired at an average cost of $204.42 per share, with a total value of $408,840.00. Following the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at $408,840. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Timothy Edwin Lang acquired 2,500 shares of the company’s stock in a transaction dated Wednesday, May 11th. The stock was acquired at an average cost of $200.00 per share, for a total transaction of $500,000.00. Following the completion of the acquisition, the executive vice president now directly owns 2,708 shares in the company, valued at $541,600. The disclosure for this purchase can be found here. 22.59% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC purchased a new stake in shares of MicroStrategy in the 1st quarter valued at $49,000. National Bank of Canada FI purchased a new stake in MicroStrategy during the fourth quarter worth $1,082,000. Allspring Global Investments Holdings LLC purchased a new stake in MicroStrategy during the fourth quarter worth $1,762,000. ProShare Advisors LLC boosted its holdings in MicroStrategy by 75.1% during the fourth quarter. ProShare Advisors LLC now owns 2,512 shares of the software maker’s stock worth $1,368,000 after buying an additional 1,077 shares in the last quarter. Finally, Sittner & Nelson LLC purchased a new stake in MicroStrategy during the fourth quarter worth $38,000. 52.87% of the stock is currently owned by institutional investors and hedge funds.

About MicroStrategy (Get Rating)

MicroStrategy Incorporated provides enterprise analytics software and services worldwide. It offers MicroStrategy, an enterprise platform, which provides a modern analytics experience by delivering insights across multiple devices to users via hyperintelligence products, visualization and reporting capabilities, mobility features, and custom applications developed on the platform; analysts and data scientists with seamless access to trusted, governed data directly within their tools; and APIs and gateways, multiple deployment options, enterprise semantic graph, scalability, and security.

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