MicroStrategy (MSTR) Rating Lowered to Sell at BidaskClub

MicroStrategy (NASDAQ:MSTR) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

Several other analysts also recently commented on MSTR. Mizuho reissued a “buy” rating and set a $200.00 price objective on shares of MicroStrategy in a research report on Wednesday, January 17th. Zacks Investment Research downgraded shares of MicroStrategy from a “hold” rating to a “sell” rating in a research report on Wednesday, January 17th. Finally, ValuEngine downgraded shares of MicroStrategy from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $153.20.

Shares of MSTR stock opened at $129.48 on Wednesday. MicroStrategy has a one year low of $127.84 and a one year high of $128.28. The stock has a market cap of $1.46 billion, a P/E ratio of 24.25 and a beta of 0.71.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data on Thursday, April 26th. The software maker reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.29). MicroStrategy had a net margin of 0.88% and a return on equity of 8.06%. The firm had revenue of $123.00 million for the quarter, compared to analysts’ expectations of $120.74 million. During the same period last year, the company posted $1.28 earnings per share. The business’s revenue for the quarter was up .7% compared to the same quarter last year. equities analysts predict that MicroStrategy will post 1.11 earnings per share for the current fiscal year.

In other news, Director Robert H. Epstein sold 7,000 shares of the firm’s stock in a transaction dated Monday, May 7th. The shares were sold at an average price of $130.62, for a total transaction of $914,340.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert H. Epstein sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, May 9th. The shares were sold at an average price of $130.90, for a total transaction of $392,700.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,500 shares of company stock worth $1,759,135. Insiders own 23.15% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in MSTR. Victory Capital Management Inc. boosted its holdings in shares of MicroStrategy by 118.5% during the 1st quarter. Victory Capital Management Inc. now owns 344,301 shares of the software maker’s stock valued at $44,411,000 after acquiring an additional 186,713 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of MicroStrategy by 877.6% during the 1st quarter. Prudential Financial Inc. now owns 183,777 shares of the software maker’s stock valued at $23,706,000 after acquiring an additional 164,979 shares during the last quarter. Ascend Capital LLC purchased a new stake in shares of MicroStrategy during the 4th quarter valued at about $16,807,000. BlackRock Inc. boosted its holdings in shares of MicroStrategy by 8.4% during the 1st quarter. BlackRock Inc. now owns 1,550,069 shares of the software maker’s stock valued at $199,944,000 after acquiring an additional 119,889 shares during the last quarter. Finally, Alambic Investment Management L.P. boosted its holdings in shares of MicroStrategy by 456.5% during the 1st quarter. Alambic Investment Management L.P. now owns 53,595 shares of the software maker’s stock valued at $6,913,000 after acquiring an additional 43,965 shares during the last quarter. 78.67% of the stock is currently owned by hedge funds and other institutional investors.

About MicroStrategy

MicroStrategy Incorporated provides enterprise software platforms worldwide. It offers MicroStrategy Analytics platform that delivers reports and dashboards, and enables users to conduct ad hoc analysis and share insights through mobile devices or the Web; MicroStrategy Server, which provides analytical processing and job management for various reporting, analysis, and monitoring applications; MicroStrategy Web, a primary reporting interface for analysts that offers interactive reporting, dashboarding, and analysis through a Web browser; and MicroStrategy Desktop, an on-premise and single-user tool for easy-to-use self-service visual data discovery.

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