Published On: Wed, Sep 14th, 2016

MicroStrategy Inc. (MSTR) Sees Large Volume Increase

MicroStrategy Inc. (NASDAQ:MSTR) shares saw an uptick in trading volume on Tuesday . 111,972 shares traded hands during trading, an increase of 5% from the previous session’s volume of 106,477 shares.The stock last traded at $169.69 and had previously closed at $172.45.
Several brokerages have recently weighed in on MSTR. JMP Securities downgraded MicroStrategy from an “outperform” rating to a “market perform” rating in a research note on Friday, July 29th. Mizuho reiterated a “buy” rating and set a $200.00 price target on shares of MicroStrategy in a research report on Tuesday, May 24th. Brean Capital reiterated a “hold” rating on shares of MicroStrategy in a research report on Friday, June 24th. Zacks Investment Research cut MicroStrategy from a “hold” rating to a “sell” rating in a research report on Friday, July 15th. Finally, Citigroup Inc. dropped their price target on MicroStrategy from $228.00 to $209.00 and set a “buy” rating for the company in a research report on Friday, July 29th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. MicroStrategy has an average rating of “Hold” and a consensus price target of $207.83.
The company has a market capitalization of $1.94 billion, a P/E ratio of 20.42 and a beta of 1.32. The stock’s 50 day moving average is $169.64 and its 200 day moving average is $177.78.

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MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Thursday, July 28th. The company reported $1.64 earnings per share for the quarter, missing the consensus estimate of $2.10 by $0.46. MicroStrategy had a net margin of 18.66% and a return on equity of 21.12%. The company earned $123.14 million during the quarter, compared to analysts’ expectations of $128 million. During the same quarter last year, the business posted $1.95 earnings per share. The company’s revenue for the quarter was down 7.4% compared to the same quarter last year. On average, equities analysts anticipate that MicroStrategy Inc. will post $7.17 earnings per share for the current year.
Several hedge funds have recently bought and sold shares of MSTR. BlackRock Institutional Trust Company N.A. boosted its stake in MicroStrategy by 3.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 252,261 shares of the company’s stock valued at $45,336,000 after buying an additional 9,172 shares in the last quarter. Acadian Asset Management LLC boosted its stake in MicroStrategy by 31.8% in the first quarter. Acadian Asset Management LLC now owns 258,120 shares of the company’s stock valued at $46,391,000 after buying an additional 62,240 shares in the last quarter. BlackRock Inc. boosted its stake in MicroStrategy by 13.4% in the first quarter. BlackRock Inc. now owns 1,256 shares of the company’s stock valued at $226,000 after buying an additional 148 shares in the last quarter. Calixto Global Investors LP boosted its stake in MicroStrategy by 121.0% in the first quarter. Calixto Global Investors LP now owns 110,519 shares of the company’s stock valued at $19,862,000 after buying an additional 60,519 shares in the last quarter. Finally, Springbok Capital Management LLC boosted its stake in MicroStrategy by 113.0% in the first quarter. Springbok Capital Management LLC now owns 1,278 shares of the company’s stock valued at $230,000 after buying an additional 678 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.
About MicroStrategy
MicroStrategy Incorporated (MicroStrategy) is a provider of enterprise software platforms. The Company is engaged in providing enterprise analytics, mobile and security platforms. The Company’s MicroStrategy 10 consolidates analytics, mobility and security in a single integrated platform, available both as on-premises software and as a hosted service offering in MicroStrategy Secure Cloud.

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