BidaskClub upgraded shares of MicroStrategy (NASDAQ:MSTR) from a hold rating to a buy rating in a report issued on Friday.

A number of other equities analysts have also issued reports on MSTR. Zacks Investment Research lowered MicroStrategy from a buy rating to a hold rating in a research report on Wednesday, April 18th. Mizuho reaffirmed a buy rating and issued a $200.00 target price on shares of MicroStrategy in a research report on Sunday, April 22nd. Finally, ValuEngine raised MicroStrategy from a sell rating to a hold rating in a research report on Tuesday, July 31st. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. MicroStrategy currently has an average rating of Buy and a consensus target price of $158.75.

MicroStrategy stock traded up $1.71 during midday trading on Friday, hitting $141.46. 72,192 shares of the company were exchanged, compared to its average volume of 78,096. The firm has a market capitalization of $1.58 billion, a PE ratio of 26.49 and a beta of 0.63. MicroStrategy has a fifty-two week low of $122.16 and a fifty-two week high of $143.37.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Thursday, July 26th. The software maker reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.27. MicroStrategy had a positive return on equity of 6.93% and a negative net margin of 0.35%. The company had revenue of $120.60 million for the quarter, compared to analyst estimates of $122.06 million. During the same period in the prior year, the company posted $0.96 EPS. MicroStrategy’s quarterly revenue was up 1.2% on a year-over-year basis. sell-side analysts anticipate that MicroStrategy will post 1.42 earnings per share for the current year.

In other MicroStrategy news, Director Robert H. Epstein sold 900 shares of the company’s stock in a transaction that occurred on Friday, May 18th. The stock was sold at an average price of $131.17, for a total value of $118,053.00. Following the transaction, the director now directly owns 900 shares of the company’s stock, valued at approximately $118,053. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 23.15% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Swiss National Bank increased its holdings in shares of MicroStrategy by 3.1% in the 1st quarter. Swiss National Bank now owns 16,400 shares of the software maker’s stock valued at $2,115,000 after acquiring an additional 500 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of MicroStrategy by 2.2% in the 1st quarter. Rhumbline Advisers now owns 24,089 shares of the software maker’s stock valued at $3,107,000 after acquiring an additional 520 shares during the last quarter. Balter Liquid Alternatives LLC increased its holdings in shares of MicroStrategy by 14.9% in the 2nd quarter. Balter Liquid Alternatives LLC now owns 5,659 shares of the software maker’s stock valued at $734,000 after acquiring an additional 733 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of MicroStrategy by 2.7% in the 1st quarter. California Public Employees Retirement System now owns 27,811 shares of the software maker’s stock valued at $3,587,000 after acquiring an additional 744 shares during the last quarter. Finally, Keybank National Association OH grew its stake in MicroStrategy by 25.6% during the 2nd quarter. Keybank National Association OH now owns 4,900 shares of the software maker’s stock worth $626,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 73.48% of the company’s stock.

About MicroStrategy

MicroStrategy Incorporated provides enterprise software platforms worldwide. It offers MicroStrategy Analytics platform that delivers reports and dashboards, and enables users to conduct ad hoc analysis and share insights through mobile devices or the Web; MicroStrategy Server, which provides analytical processing and job management for various reporting, analysis, and monitoring applications; MicroStrategy Web, a primary reporting interface for analysts that offers interactive reporting, dashboarding, and analysis through a Web browser; and MicroStrategy Desktop, an on-premise and single-user tool for easy-to-use self-service visual data discovery.

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