MicroStrategy Incorporated (MSTR) Downgraded to “Strong Sell” at Zacks Investment Research
Zacks Investment Research lowered shares of MicroStrategy Incorporated (NASDAQ:MSTR) from a hold rating to a strong sell rating in a report released on Thursday.
According to Zacks, “MicroStrategy Incorporated, a leading worldwide provider of business intelligence software, today announced that GT Nexus has selected MicroStrategy to power the customer-facing analytics and reporting capabilities on its Global Logistics portal. The GT Nexus portal is an on demand technology platform that is used by importers, exporters, transportation carriers, suppliers, banks, and other partners to manage goods that are moving around the world. The GT Nexus system captures and stores hard-to-get data associated with global supply chains, and then fuels a range of Web applications that can be used by constituents to lower supply chain costs and improve control. MicroStrategy will help GT Nexus to deliver a wide range of analytics and reporting capabilities to its customers, which include Home Depot, Kmart, Xerox, Weyerhaeuser, and American Eagle Outfitters. “
A number of other equities research analysts have also recently commented on MSTR. TheStreet cut shares of MicroStrategy from a b rating to a c+ rating in a research note on Friday, July 28th. First Analysis cut shares of MicroStrategy from an overweight rating to an equal weight rating and decreased their target price for the stock from $225.00 to $140.00 in a research note on Monday, July 31st. Deutsche Bank AG cut shares of MicroStrategy from a buy rating to a hold rating and decreased their target price for the stock from $220.00 to $180.00 in a research note on Friday, July 28th. BidaskClub upgraded shares of MicroStrategy from a hold rating to a buy rating in a research note on Saturday, July 1st. Finally, Benchmark Co. started coverage on shares of MicroStrategy in a research note on Thursday, April 27th. They set a hold rating on the stock. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. MicroStrategy currently has an average rating of Hold and an average target price of $191.00.
MicroStrategy (NASDAQ:MSTR) opened at 135.73 on Thursday. The company’s 50-day moving average is $182.09 and its 200 day moving average is $187.57. The stock has a market cap of $1.55 billion, a PE ratio of 18.75 and a beta of 0.87. MicroStrategy has a 52 week low of $132.98 and a 52 week high of $207.28.
MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data on Thursday, July 27th. The software maker reported $0.96 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.60 by $0.64. MicroStrategy had a return on equity of 14.99% and a net margin of 16.37%. The business had revenue of $120.61 million during the quarter, compared to the consensus estimate of $125.18 million. During the same quarter last year, the company earned $1.64 EPS. MicroStrategy’s revenue for the quarter was down 2.1% on a year-over-year basis. On average, analysts expect that MicroStrategy will post $4.42 earnings per share for the current fiscal year.
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In other MicroStrategy news, EVP Wei-Ming Shao sold 2,400 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $183.54, for a total transaction of $440,496.00. Following the sale, the executive vice president now owns 1,005 shares in the company, valued at approximately $184,457.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 21.80% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Guggenheim Capital LLC purchased a new stake in MicroStrategy during the fourth quarter worth approximately $520,000. Norges Bank bought a new stake in shares of MicroStrategy during the fourth quarter worth about $19,456,000. Creative Planning raised its stake in shares of MicroStrategy by 121.0% in the first quarter. Creative Planning now owns 884 shares of the software maker’s stock worth $166,000 after buying an additional 484 shares during the period. State of Alaska Department of Revenue raised its stake in shares of MicroStrategy by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 1,040 shares of the software maker’s stock worth $195,000 after buying an additional 20 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of MicroStrategy by 3.5% in the first quarter. Wells Fargo & Company MN now owns 43,190 shares of the software maker’s stock worth $8,111,000 after buying an additional 1,478 shares during the period. Institutional investors own 77.71% of the company’s stock.
MicroStrategy Company Profile
MicroStrategy Incorporated is a provider of enterprise software platforms around the world. The Company is engaged in the design, development, marketing and sales of its software platform through licensing arrangements, and cloud-based subscriptions and related services. It focuses on providing enterprise customers with software platform and services for deploying intelligence applications.
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