MicroStrategy (MSTR) Lowered to “Sell” at BidaskClub
BidaskClub downgraded shares of MicroStrategy (NASDAQ:MSTR) from a hold rating to a sell rating in a research report released on Thursday.
Other equities research analysts have also recently issued reports about the stock. Mizuho cut their price objective on shares of MicroStrategy from $220.00 to $200.00 and set a buy rating for the company in a research report on Friday, October 27th. Zacks Investment Research upgraded shares of MicroStrategy from a strong sell rating to a hold rating in a research report on Friday, September 29th. Citigroup restated a hold rating and set a $133.00 price objective (down from $191.00) on shares of MicroStrategy in a research report on Thursday, September 21st. Finally, Deutsche Bank lowered their target price on shares of MicroStrategy to $150.00 and set a hold rating for the company in a research note on Friday, September 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. MicroStrategy presently has an average rating of Hold and an average price target of $155.75.
MicroStrategy (NASDAQ MSTR) traded up $2.26 during trading on Thursday, reaching $136.25. 99,320 shares of the company traded hands, compared to its average volume of 92,541. MicroStrategy has a 52-week low of $122.90 and a 52-week high of $207.28. The firm has a market capitalization of $1,539.28, a PE ratio of 20.72 and a beta of 0.65.
Hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its stake in MicroStrategy by 6.2% during the second quarter. Bank of New York Mellon Corp now owns 255,493 shares of the software maker’s stock worth $48,971,000 after buying an additional 14,839 shares during the period. Legal & General Group Plc boosted its stake in MicroStrategy by 12.3% during the second quarter. Legal & General Group Plc now owns 18,486 shares of the software maker’s stock worth $3,539,000 after buying an additional 2,021 shares during the period. Nine Chapters Capital Management LLC purchased a new position in MicroStrategy during the third quarter worth about $319,000. Royal Bank of Canada boosted its stake in MicroStrategy by 2,609.3% during the second quarter. Royal Bank of Canada now owns 9,564 shares of the software maker’s stock worth $1,833,000 after buying an additional 9,211 shares during the period. Finally, Vanguard Group Inc. boosted its stake in MicroStrategy by 3.2% during the second quarter. Vanguard Group Inc. now owns 861,272 shares of the software maker’s stock worth $165,080,000 after buying an additional 27,107 shares during the period. 74.31% of the stock is owned by institutional investors.
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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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