MicroStrategy Inc. (MSTR) Announces Earnings Results
MicroStrategy Inc. (NASDAQ:MSTR) released its earnings results on Thursday. The company reported $2.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.64. The firm earned $129.90 million during the quarter, compared to analyst estimates of $126.77 million. MicroStrategy had a net margin of 18.66% and a return on equity of 21.12%. The business’s revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.06 EPS.
Shares of MicroStrategy (NASDAQ:MSTR) traded up 1.01% on Thursday, hitting $173.53. The firm has a 50 day moving average price of $170.29 and a 200 day moving average price of $177.06. The company has a market capitalization of $1.98 billion, a P/E ratio of 20.85 and a beta of 1.36. MicroStrategy has a 52-week low of $141.01 and a 52-week high of $195.99.
A number of research firms have weighed in on MSTR. Zacks Investment Research lowered shares of MicroStrategy from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. JMP Securities lowered shares of MicroStrategy from an “outperform” rating to a “market perform” rating in a research report on Friday, July 29th. Mizuho cut their target price on shares of MicroStrategy from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday, July 29th. Finally, Citigroup Inc. cut their target price on shares of MicroStrategy from $228.00 to $209.00 and set a “buy” rating for the company in a research report on Friday, July 29th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. MicroStrategy currently has an average rating of “Hold” and a consensus price target of $207.40.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Springbok Capital Management LLC increased its position in shares of MicroStrategy by 113.0% in the first quarter. Springbok Capital Management LLC now owns 1,278 shares of the company’s stock worth $230,000 after buying an additional 678 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in MicroStrategy by 325.0% in the first quarter. Jacobs Levy Equity Management Inc. now owns 87,138 shares of the company’s stock worth $15,660,000 after buying an additional 66,636 shares in the last quarter. Bayesian Capital Management LP bought a new stake in MicroStrategy during the first quarter worth about $297,000. 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 worth $19,862,000 after buying an additional 60,519 shares in the last quarter. Finally, Invictus RG boosted its stake in MicroStrategy by 2,733.3% in the first quarter. Invictus RG now owns 850 shares of the company’s stock worth $153,000 after buying an additional 820 shares in the last quarter. 86.34% of the stock is owned by institutional investors.
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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