MicroStrategy (NASDAQ:MSTR) Shares Gap Down to $616.57

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.

MicroStrategy (NASDAQ:MSTR) last posted its earnings results on Thursday, July 29th. The software maker reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.19. MicroStrategy had a positive return on equity of 15.52% and a negative net margin of 83.03%. The firm had revenue of $125.35 million during the quarter, compared to analysts’ expectations of $119.95 million. As a group, equities analysts predict that MicroStrategy Incorporated will post 4.16 earnings per share for the current year.

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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