MicroStrategy Incorporated (NASDAQ:MSTR) gapped down prior to trading on Friday . The stock had previously closed at $616.57, but opened at $580.30. MicroStrategy shares last traded at $583.29, with a volume of 4,474 shares trading hands.
MSTR has been the subject of several research reports. Citigroup lowered their target price on MicroStrategy from $450.00 to $360.00 and set a “sell” rating for the company in a research note on Tuesday, June 22nd. BTIG Research lifted their target price on MicroStrategy from $850.00 to $950.00 and gave the company a “buy” rating in a research note on Friday, July 30th. Canaccord Genuity lowered their target price on MicroStrategy from $920.00 to $780.00 and set a “buy” rating for the company in a research note on Friday, July 30th. Zacks Investment Research raised MicroStrategy from a “hold” rating to a “strong-buy” rating and set a $719.00 target price for the company in a research note on Thursday, August 5th. Finally, lowered their target price on MicroStrategy from $450.00 to $360.00 and set a “sell” rating for the company in a research note on Tuesday, June 22nd. Four investment analysts have rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, MicroStrategy has a consensus rating of “Hold” and an average target price of $519.33.
The company has a debt-to-equity ratio of 27.78, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of -13.84 and a beta of 1.44. The business has a 50 day simple moving average of $656.73 and a 200-day simple moving average of $628.41.
In related news, EVP Timothy Edwin Lang sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 26th. The stock was sold at an average price of $706.42, for a total transaction of $7,064,200.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jarrod M. Patten sold 1,350 shares of the company’s stock in a transaction dated Thursday, August 5th. The stock was sold at an average price of $688.30, for a total value of $929,205.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,850 shares of company stock worth $25,491,385. Corporate insiders own 25.85% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in MicroStrategy by 5.3% in the first quarter. BlackRock Inc. now owns 1,244,167 shares of the software maker’s stock valued at $844,542,000 after buying an additional 62,094 shares during the period. Capital International Investors bought a new stake in MicroStrategy in the second quarter valued at approximately $633,429,000. Vanguard Group Inc. raised its stake in MicroStrategy by 3.4% in the second quarter. Vanguard Group Inc. now owns 710,099 shares of the software maker’s stock valued at $471,860,000 after buying an additional 23,263 shares during the period. First Trust Advisors LP grew its position in shares of MicroStrategy by 57.5% in the second quarter. First Trust Advisors LP now owns 261,804 shares of the software maker’s stock valued at $173,969,000 after purchasing an additional 95,537 shares during the last quarter. Finally, State Street Corp grew its position in shares of MicroStrategy by 7.8% in the second quarter. State Street Corp now owns 245,391 shares of the software maker’s stock valued at $163,062,000 after purchasing an additional 17,651 shares during the last quarter. Hedge funds and other institutional investors own 64.97% of the company’s stock.
MicroStrategy Company Profile (NASDAQ:MSTR)
MicroStrategy, Inc engages in the provision of enterprise analytics and mobility software. The firm designs, develops, markets, and sells software platform through licensing arrangements and cloud-based subscriptions and related services. Its product packages include Hyper.Now, Consumer User Bundle, and Power User Bundle.
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