MicroStrategy (NASDAQ:MSTR) Raised to “Sell” at StockNews.com

MicroStrategy (NASDAQ:MSTRGet Rating) was upgraded by StockNews.com to a “sell” rating in a research note issued on Thursday.

MSTR has been the topic of a number of other research reports. TheStreet cut MicroStrategy from a “c-” rating to a “d+” rating in a research note on Monday, May 9th. Jefferies Financial Group dropped their price objective on MicroStrategy from $225.00 to $215.00 in a research note on Monday. Zacks Investment Research cut MicroStrategy from a “hold” rating to a “strong sell” rating in a research note on Saturday, April 30th. Finally, Canaccord Genuity Group dropped their price objective on MicroStrategy from $540.00 to $453.00 in a research note on Wednesday, May 4th. Four analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, MicroStrategy has an average rating of “Hold” and an average price target of $561.14.

Shares of MicroStrategy stock opened at $198.12 on Thursday. The business’s 50 day simple moving average is $375.81 and its 200 day simple moving average is $473.66. MicroStrategy has a 52-week low of $134.09 and a 52-week high of $891.38. The firm has a market cap of $2.24 billion, a PE ratio of -3.65 and a beta of 1.72. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.81 and a current ratio of 0.81.

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

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

A number of hedge funds and other institutional investors have recently modified their holdings of MSTR. Spire Wealth Management grew its holdings in MicroStrategy by 728.6% in the 4th quarter. Spire Wealth Management now owns 58 shares of the software maker’s stock valued at $32,000 after buying an additional 51 shares in the last quarter. Sittner & Nelson LLC bought a new stake in shares of MicroStrategy during the 4th quarter valued at $38,000. Monolith Advisors bought a new stake in shares of MicroStrategy during the 4th quarter valued at $38,000. Elequin Capital LP bought a new stake in shares of MicroStrategy during the 1st quarter valued at $46,000. Finally, Harbor Investment Advisory LLC bought a new stake in shares of MicroStrategy during the 1st quarter valued at $49,000. 52.87% of the stock is currently owned by hedge funds and other institutional investors.

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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