MicroStrategy (NASDAQ:MSTR) Reaches New 1-Year High at $159.02

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MicroStrategy Incorporated (NASDAQ:MSTR) 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. The stock had previously closed at $155.23.

Several research analysts recently issued reports on MSTR shares. Zacks Investment Research raised shares of MicroStrategy from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 2nd. ValuEngine cut shares of MicroStrategy from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, BidaskClub raised shares of MicroStrategy from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd.

The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.13 and a current ratio of 3.13. The business’s 50 day simple moving average is $149.20 and its 200-day simple moving average is $140.33. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 88.67 and a beta of 0.60.

MicroStrategy (NASDAQ:MSTR) last released its earnings results on Tuesday, October 29th. The software maker reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.28. MicroStrategy had a net margin of 5.26% and a return on equity of 0.73%. The business had revenue of $119.69 million for the quarter, compared to the consensus estimate of $123.02 million. During the same period in the previous year, the firm earned $0.83 EPS. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, sell-side analysts expect that MicroStrategy Incorporated will post 0.91 EPS for the current year.

Several institutional investors have recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund grew its holdings in MicroStrategy by 3.1% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 3,353 shares of the software maker’s stock worth $481,000 after acquiring an additional 100 shares during the last quarter. CWM Advisors LLC bought a new position in MicroStrategy during the 2nd quarter worth approximately $209,000. SG Americas Securities LLC boosted its stake in MicroStrategy by 487.8% during the 2nd quarter. SG Americas Securities LLC now owns 33,967 shares of the software maker’s stock worth $4,868,000 after acquiring an additional 28,188 shares during the last quarter. First Trust Advisors LP bought a new position in MicroStrategy during the 2nd quarter worth approximately $59,082,000. Finally, Horrell Capital Management Inc. boosted its stake in MicroStrategy by 14.2% during the 2nd quarter. Horrell Capital Management Inc. now owns 40,200 shares of the software maker’s stock worth $5,761,000 after acquiring an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 75.36% 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.

See Also: How Do You Calculate Return on Equity (ROE)?

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