MicroStrategy (NASDAQ:MSTR) Reaches New 1-Year High at $166.30

MicroStrategy Incorporated (NASDAQ:MSTR)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $166.30 and last traded at $165.47, with a volume of 1850 shares changing hands. The stock had previously closed at $155.75.

Several equities analysts have weighed in on the stock. BidaskClub downgraded shares of MicroStrategy from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 10th. Zacks Investment Research upgraded shares of MicroStrategy from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 1st. Finally, Citigroup lifted their price objective on shares of MicroStrategy from $135.00 to $140.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $158.00.

The firm has a market capitalization of $1.51 billion, a P/E ratio of 65.15 and a beta of 0.68. The stock’s fifty day simple moving average is $137.34 and its 200 day simple moving average is $124.65.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings data on Tuesday, July 28th. The software maker reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.05). MicroStrategy had a net margin of 5.45% and a return on equity of 5.33%. The company had revenue of $110.58 million for the quarter, compared to analyst estimates of $112.23 million.

Several institutional investors and hedge funds have recently bought and sold shares of MSTR. Bartlett & Co. LLC acquired a new position in shares of MicroStrategy during the first quarter valued at about $33,000. Pacer Advisors Inc. acquired a new position in shares of MicroStrategy during the second quarter valued at about $98,000. Bank of Montreal Can increased its holdings in shares of MicroStrategy by 345.0% during the second quarter. Bank of Montreal Can now owns 930 shares of the software maker’s stock valued at $109,000 after acquiring an additional 721 shares in the last quarter. Assetmark Inc. increased its holdings in shares of MicroStrategy by 116.9% during the second quarter. Assetmark Inc. now owns 1,078 shares of the software maker’s stock valued at $128,000 after acquiring an additional 581 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of MicroStrategy by 139.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,226 shares of the software maker’s stock valued at $145,000 after acquiring an additional 714 shares in the last quarter. Hedge funds and other institutional investors own 73.43% of the company’s stock.

About MicroStrategy (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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