MicroStrategy Incorporated (MSTR) Stake Boosted by GHP Investment Advisors Inc.
GHP Investment Advisors Inc. boosted its position in MicroStrategy Incorporated (NASDAQ:MSTR) by 11.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,640 shares of the software maker’s stock after buying an additional 585 shares during the period. GHP Investment Advisors Inc.’s holdings in MicroStrategy were worth $1,081,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. State of Tennessee Treasury Department increased its stake in shares of MicroStrategy by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 8,805 shares of the software maker’s stock worth $1,654,000 after buying an additional 1,329 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of MicroStrategy by 1.2% in the first quarter. Ameriprise Financial Inc. now owns 95,330 shares of the software maker’s stock worth $17,903,000 after buying an additional 1,092 shares during the last quarter. Sei Investments Co. increased its stake in shares of MicroStrategy by 5.1% in the first quarter. Sei Investments Co. now owns 19,001 shares of the software maker’s stock worth $3,568,000 after buying an additional 920 shares during the last quarter. Karp Capital Management Corp purchased a new stake in shares of MicroStrategy during the first quarter worth about $779,000. Finally, Comerica Bank increased its stake in shares of MicroStrategy by 4.0% in the first quarter. Comerica Bank now owns 10,417 shares of the software maker’s stock worth $2,005,000 after buying an additional 405 shares during the last quarter. 77.81% of the stock is currently owned by hedge funds and other institutional investors.
Shares of MicroStrategy Incorporated (MSTR) opened at 125.76 on Friday. MicroStrategy Incorporated has a 52 week low of $123.36 and a 52 week high of $207.28. The stock has a market capitalization of $1.44 billion, a P/E ratio of 17.37 and a beta of 0.87. The company has a 50-day moving average of $154.27 and a 200-day moving average of $178.79.
MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data on Thursday, July 27th. The software maker reported $0.96 EPS for the quarter, missing the Zacks’ 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 company had revenue of $120.61 million for the quarter, compared to analysts’ expectations of $125.18 million. During the same quarter in the previous year, the business posted $1.64 EPS. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. On average, analysts anticipate that MicroStrategy Incorporated will post $4.42 EPS for the current year.
A number of equities research analysts have recently issued reports on the stock. BidaskClub raised shares of MicroStrategy from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Zacks Investment Research raised shares of MicroStrategy from a “strong sell” rating to a “hold” rating in a report on Saturday, July 1st. Deutsche Bank AG downgraded shares of MicroStrategy from a “buy” rating to a “hold” rating and lowered their price target for the stock from $220.00 to $180.00 in a report on Friday, July 28th. First Analysis downgraded shares of MicroStrategy from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $225.00 to $140.00 in a report on Monday, July 31st. Finally, TheStreet downgraded shares of MicroStrategy from a “b” rating to a “c+” rating in a report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $191.00.
In related news, EVP Wei-Ming Shao sold 2,400 shares of MicroStrategy stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $183.54, for a total transaction of $440,496.00. Following the transaction, the executive vice president now owns 1,005 shares in the company, valued at $184,457.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 21.80% 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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