$132.45 Million in Sales Expected for MicroStrategy Incorporated (NASDAQ:MSTR) This Quarter

Wall Street analysts forecast that MicroStrategy Incorporated (NASDAQ:MSTR) will announce sales of $132.45 million for the current quarter, Zacks reports. Two analysts have issued estimates for MicroStrategy’s earnings, with the highest sales estimate coming in at $133.50 million and the lowest estimate coming in at $131.40 million. MicroStrategy reported sales of $131.32 million in the same quarter last year, which indicates a positive year over year growth rate of 0.9%. The company is expected to issue its next earnings results on Thursday, January 27th.

On average, analysts expect that MicroStrategy will report full-year sales of $508.75 million for the current fiscal year, with estimates ranging from $507.70 million to $509.80 million. For the next fiscal year, analysts anticipate that the business will post sales of $534.85 million, with estimates ranging from $532.90 million to $536.80 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for MicroStrategy.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Thursday, October 28th. The software maker reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.74. The company had revenue of $127.99 million during the quarter, compared to analysts’ expectations of $127.48 million. MicroStrategy had a negative net margin of 87.25% and a positive return on equity of 15.11%. MicroStrategy’s revenue was up .5% on a year-over-year basis. During the same period last year, the company posted $1.79 EPS.

A number of analysts have weighed in on MSTR shares. Jefferies Financial Group raised their price objective on shares of MicroStrategy from $640.00 to $700.00 and gave the company a “hold” rating in a research note on Wednesday, August 25th. Zacks Investment Research upgraded shares of MicroStrategy from a “sell” rating to a “hold” rating in a research note on Thursday, November 4th. Canaccord Genuity raised their price objective on shares of MicroStrategy from $780.00 to $871.00 and gave the company a “buy” rating in a research note on Friday, October 29th. TheStreet upgraded shares of MicroStrategy from a “d+” rating to a “c” rating in a research note on Thursday, November 11th. Finally, BTIG Research raised their price objective on shares of MicroStrategy from $850.00 to $950.00 and gave the company a “buy” rating in a research note on Friday, July 30th. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, MicroStrategy currently has an average rating of “Hold” and an average price target of $566.88.

In other MicroStrategy news, Director Leslie J. Rechan sold 7,500 shares of MicroStrategy stock in a transaction that occurred on Monday, November 8th. The shares were sold at an average price of $860.38, for a total transaction of $6,452,850.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Carl J. Rickertsen sold 10,000 shares of MicroStrategy stock in a transaction that occurred on Tuesday, November 2nd. The shares were sold at an average price of $807.08, for a total transaction of $8,070,800.00. The disclosure for this sale can be found here. Insiders sold 23,000 shares of company stock valued at $18,922,175 over the last quarter. Company insiders own 25.85% of the company’s stock.

A number of large investors have recently modified their holdings of MSTR. Moors & Cabot Inc. lifted its holdings in MicroStrategy by 2,317.8% during the third quarter. Moors & Cabot Inc. now owns 25,000 shares of the software maker’s stock valued at $25,000 after purchasing an additional 23,966 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings in MicroStrategy by 192.9% during the second quarter. Thompson Siegel & Walmsley LLC now owns 41 shares of the software maker’s stock valued at $27,000 after purchasing an additional 27 shares in the last quarter. Toronto Dominion Bank purchased a new position in MicroStrategy during the third quarter valued at approximately $27,000. AdvisorNet Financial Inc lifted its holdings in shares of MicroStrategy by 444.4% in the third quarter. AdvisorNet Financial Inc now owns 49 shares of the software maker’s stock worth $28,000 after buying an additional 40 shares in the last quarter. Finally, Advisory Services Network LLC lifted its holdings in shares of MicroStrategy by 685.7% in the first quarter. Advisory Services Network LLC now owns 55 shares of the software maker’s stock worth $37,000 after buying an additional 48 shares in the last quarter. 55.26% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:MSTR traded up $4.13 on Friday, reaching $700.90. 554,136 shares of the stock traded hands, compared to its average volume of 798,114. The company has a market capitalization of $7.26 billion, a price-to-earnings ratio of -15.42 and a beta of 1.61. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 4.67. MicroStrategy has a 12 month low of $252.02 and a 12 month high of $1,315.00. The company’s fifty day simple moving average is $702.88 and its 200 day simple moving average is $637.94.

About MicroStrategy

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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