MicroStrategy Incorporated (NASDAQ:MSTR) Stake Lessened by SG Americas Securities LLC

SG Americas Securities LLC lessened its stake in MicroStrategy Incorporated (NASDAQ:MSTRGet Rating) by 32.3% in the first quarter, Holdings Channel reports. The institutional investor owned 1,701 shares of the software maker’s stock after selling 813 shares during the quarter. SG Americas Securities LLC’s holdings in MicroStrategy were worth $827,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MSTR. Sittner & Nelson LLC bought a new stake in MicroStrategy during the fourth quarter valued at $38,000. Harbor Investment Advisory LLC bought a new stake in MicroStrategy during the first quarter valued at $49,000. US Asset Management LLC bought a new stake in MicroStrategy during the first quarter valued at $50,000. CWM LLC bought a new stake in MicroStrategy during the fourth quarter valued at $152,000. Finally, Profund Advisors LLC bought a new stake in MicroStrategy during the fourth quarter valued at $200,000. Institutional investors own 52.87% of the company’s stock.

MicroStrategy Stock Performance

MSTR stock opened at $275.74 on Tuesday. The company has a market capitalization of $3.12 billion, a P/E ratio of -5.08 and a beta of 2.23. The company has a 50-day simple moving average of $212.81 and a 200 day simple moving average of $332.39. MicroStrategy Incorporated has a fifty-two week low of $134.09 and a fifty-two week high of $891.38. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 2.74.

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

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. TheStreet downgraded shares of MicroStrategy from a “c-” rating to a “d+” rating in a report on Monday, May 9th. Jefferies Financial Group downgraded shares of MicroStrategy from a “hold” rating to an “underperform” rating and set a $180.00 price target for the company. in a report on Tuesday, July 26th. StockNews.com raised shares of MicroStrategy to a “sell” rating in a report on Saturday, July 2nd. Finally, Canaccord Genuity Group reduced their price target on shares of MicroStrategy from $540.00 to $453.00 in a report on Wednesday, May 4th. Two research analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $613.50.

MicroStrategy Profile

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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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Institutional Ownership by Quarter for MicroStrategy (NASDAQ:MSTR)

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