MicroStrategy (NASDAQ:MSTR) Downgraded to “Sell” at BidaskClub

BidaskClub downgraded shares of MicroStrategy (NASDAQ:MSTR) from a hold rating to a sell rating in a report published on Tuesday, BidAskClub reports.

MSTR has been the topic of a number of other research reports. Zacks Investment Research lowered shares of MicroStrategy from a hold rating to a strong sell rating in a report on Friday, July 12th. ValuEngine upgraded shares of MicroStrategy from a hold rating to a buy rating in a report on Thursday, August 1st.

MSTR stock opened at $138.11 on Tuesday. MicroStrategy has a 52-week low of $115.50 and a 52-week high of $152.38. The company’s 50 day simple moving average is $131.25 and its 200-day simple moving average is $138.82. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.90 and a quick ratio of 2.90. The firm has a market capitalization of $1.41 billion, a P/E ratio of 81.24 and a beta of 0.65.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Tuesday, July 30th. The software maker reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.19). MicroStrategy had a net margin of 5.85% and a return on equity of 0.67%. The firm had revenue of $117.74 million for the quarter, compared to analyst estimates of $120.63 million. During the same quarter in the prior year, the firm earned $0.13 EPS. The firm’s revenue was down 2.4% compared to the same quarter last year. Sell-side analysts predict that MicroStrategy will post 0.53 EPS for the current fiscal year.

In other news, Director Leslie J. Rechan purchased 1,900 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were acquired at an average price of $136.98 per share, for a total transaction of $260,262.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 26.88% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in MicroStrategy by 7.0% in the 2nd quarter. BlackRock Inc. now owns 1,347,405 shares of the software maker’s stock valued at $193,097,000 after buying an additional 87,574 shares during the period. Vanguard Group Inc. increased its stake in MicroStrategy by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 868,311 shares of the software maker’s stock valued at $124,438,000 after buying an additional 14,033 shares during the period. Victory Capital Management Inc. increased its stake in MicroStrategy by 0.7% in the 2nd quarter. Victory Capital Management Inc. now owns 415,595 shares of the software maker’s stock valued at $59,559,000 after buying an additional 3,009 shares during the period. First Trust Advisors LP acquired a new position in MicroStrategy in the 2nd quarter valued at approximately $59,082,000. Finally, Dimensional Fund Advisors LP increased its stake in MicroStrategy by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 261,572 shares of the software maker’s stock valued at $33,416,000 after buying an additional 3,470 shares during the period. Hedge funds and other institutional investors own 78.45% of the company’s stock.

About MicroStrategy

MicroStrategy Incorporated provides enterprise analytics and mobility software platforms worldwide. It offers MicroStrategy Consulting that provides customers with assessment, advisory, architecture, and deployment services to guide their customers in defining, developing, and delivering business analytics solutions for their enterprises across various industries; and MicroStrategy Education, which consists of classroom-based courses, instructor-led courses, recorded courses, self-paced e-learning modules, customer on-site training, and enterprise E-Courseware options for large organizations in various languages.

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