MicroStrategy (NASDAQ:MSTR) Sets New 52-Week High at $159.02

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $159.02 and last traded at $158.83, with a volume of 3662 shares changing hands. The stock had previously closed at $155.23.

Several research analysts have recently issued reports on the company. BidaskClub raised MicroStrategy from a “sell” rating to a “hold” rating in a research note on Saturday, November 2nd. Zacks Investment Research raised MicroStrategy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, ValuEngine downgraded MicroStrategy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd.

The company has a 50 day moving average price of $148.85 and a 200-day moving average price of $140.21. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.20. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 92.64 and a beta of 0.60.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data on Tuesday, October 29th. The software maker reported $0.94 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.28. MicroStrategy had a return on equity of 0.73% and a net margin of 5.26%. The company had revenue of $119.69 million during the quarter, compared to the consensus estimate of $123.02 million. During the same quarter in the prior year, the firm posted $0.83 earnings per share. The firm’s revenue was down 2.0% compared to the same quarter last year. On average, analysts forecast that MicroStrategy Incorporated will post 0.91 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. Nuveen Asset Management LLC increased its position in MicroStrategy by 3,819.1% during the 2nd quarter. Nuveen Asset Management LLC now owns 69,250 shares of the software maker’s stock valued at $9,925,000 after purchasing an additional 67,483 shares during the period. Mackay Shields LLC increased its position in MicroStrategy by 389.1% during the 3rd quarter. Mackay Shields LLC now owns 22,878 shares of the software maker’s stock valued at $3,394,000 after purchasing an additional 18,200 shares during the period. S Squared Technology LLC increased its position in MicroStrategy by 25.3% during the 2nd quarter. S Squared Technology LLC now owns 24,800 shares of the software maker’s stock valued at $3,554,000 after purchasing an additional 5,000 shares during the period. Horrell Capital Management Inc. increased its position in MicroStrategy by 14.2% during the 2nd quarter. Horrell Capital Management Inc. now owns 40,200 shares of the software maker’s stock valued at $5,761,000 after purchasing an additional 5,000 shares during the period. Finally, State of Alaska Department of Revenue increased its position in MicroStrategy by 125.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 6,304 shares of the software maker’s stock valued at $935,000 after purchasing an additional 3,513 shares during the period. 75.36% of the stock is owned by institutional investors and hedge funds.

MicroStrategy Company Profile (NASDAQ:MSTR)

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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