BidaskClub Lowers MicroStrategy (NASDAQ:MSTR) to Sell

BidaskClub cut shares of MicroStrategy (NASDAQ:MSTR) from a hold rating to a sell rating in a research note issued to investors on Saturday morning, BidAskClub reports.

MSTR has been the subject of several other research reports. ValuEngine downgraded MicroStrategy from a buy rating to a hold rating in a research note on Wednesday, October 2nd. Zacks Investment Research raised MicroStrategy from a strong sell rating to a hold rating in a research note on Wednesday, October 2nd.

Shares of NASDAQ MSTR opened at $143.02 on Friday. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.22. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 84.13 and a beta of 0.64. MicroStrategy has a 12 month low of $115.50 and a 12 month high of $153.46. The stock has a 50-day moving average price of $145.15 and a two-hundred day moving average price of $139.60.

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

In other news, Director Leslie J. Rechan purchased 1,900 shares of MicroStrategy stock in a transaction dated Thursday, August 1st. The shares were bought at an average cost of $136.98 per share, for a total transaction of $260,262.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 26.88% of the company’s stock.

Several large investors have recently added to or reduced their stakes in MSTR. Virginia Retirement Systems ET AL acquired a new position in shares of MicroStrategy during the third quarter worth approximately $326,000. Nisa Investment Advisors LLC raised its position in shares of MicroStrategy by 60.0% during the third quarter. Nisa Investment Advisors LLC now owns 720 shares of the software maker’s stock worth $107,000 after purchasing an additional 270 shares during the period. Meeder Asset Management Inc. raised its position in shares of MicroStrategy by 41.0% during the third quarter. Meeder Asset Management Inc. now owns 843 shares of the software maker’s stock worth $125,000 after purchasing an additional 245 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of MicroStrategy during the third quarter worth approximately $593,000. Finally, Triangle Securities Wealth Management acquired a new position in shares of MicroStrategy during the third quarter worth approximately $228,000. Institutional investors own 76.51% of the company’s stock.

MicroStrategy Company Profile

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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