MicroStrategy Incorporated (NASDAQ:MSTR – Get Rating) was the target of a large increase in short interest in May. As of May 15th, there was short interest totalling 3,400,000 shares, an increase of 49.1% from the April 30th total of 2,280,000 shares. Based on an average daily volume of 674,400 shares, the short-interest ratio is currently 5.0 days.
Shares of MSTR traded up $3.29 during mid-day trading on Friday, hitting $219.39. The company’s stock had a trading volume of 970,587 shares, compared to its average volume of 1,341,979. The firm has a 50-day moving average price of $366.35 and a 200 day moving average price of $462.29. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of -4.04 and a beta of 1.72. The company has a debt-to-equity ratio of 2.74, a current ratio of 0.81 and a quick ratio of 0.81. MicroStrategy has a fifty-two week low of $134.09 and a fifty-two week high of $891.38.
MicroStrategy (NASDAQ:MSTR – Get Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The software maker reported ($10.42) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by ($11.92). The business had revenue of $119.28 million during the quarter, compared to analyst estimates of $126.23 million. MicroStrategy had a negative return on equity of 30.40% and a negative net margin of 109.68%. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.05 EPS. As a group, equities analysts anticipate that MicroStrategy will post -11.76 EPS for the current fiscal year.
Several brokerages have weighed in on MSTR. Zacks Investment Research lowered shares of MicroStrategy from a “hold” rating to a “strong sell” rating in a report on Saturday, April 30th. Canaccord Genuity Group reduced their price target on shares of MicroStrategy from $540.00 to $453.00 in a research report on Wednesday, May 4th. StockNews.com upgraded shares of MicroStrategy to a “sell” rating in a research report on Thursday. TheStreet downgraded shares of MicroStrategy from a “c-” rating to a “d+” rating in a research report on Monday, May 9th. Finally, Jefferies Financial Group cut their price objective on shares of MicroStrategy from $225.00 to $215.00 in a research report on Monday, May 23rd. Four investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $561.14.
In related news, Director Leslie J. Rechan acquired 2,000 shares of the firm’s stock in a transaction on Wednesday, May 11th. The stock was bought at an average cost of $204.42 per share, with a total value of $408,840.00. Following the acquisition, the director now directly owns 2,000 shares in the company, valued at $408,840. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Timothy Edwin Lang acquired 2,500 shares of the firm’s stock in a transaction on Wednesday, May 11th. The shares were bought at an average cost of $200.00 per share, with a total value of $500,000.00. Following the completion of the acquisition, the executive vice president now owns 2,708 shares in the company, valued at $541,600. The disclosure for this purchase can be found here. 22.59% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in MSTR. Toroso Investments LLC lifted its stake in MicroStrategy by 7.0% in the first quarter. Toroso Investments LLC now owns 86,701 shares of the software maker’s stock valued at $42,164,000 after acquiring an additional 5,650 shares during the last quarter. Capital World Investors lifted its stake in MicroStrategy by 5.9% in the first quarter. Capital World Investors now owns 622,941 shares of the software maker’s stock valued at $302,949,000 after acquiring an additional 34,945 shares during the last quarter. Capital International Investors lifted its stake in MicroStrategy by 3.3% in the first quarter. Capital International Investors now owns 1,382,463 shares of the software maker’s stock valued at $672,319,000 after acquiring an additional 43,838 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in MicroStrategy by 12.1% in the first quarter. BNP Paribas Arbitrage SA now owns 5,440 shares of the software maker’s stock valued at $2,646,000 after acquiring an additional 589 shares during the last quarter. Finally, Quantamental Technologies LLC acquired a new stake in MicroStrategy in the first quarter valued at approximately $246,000. 52.87% of the stock is currently owned by hedge funds and other institutional investors.
MicroStrategy Company Profile (Get Rating)
MicroStrategy Incorporated provides enterprise analytics software and services worldwide. It offers MicroStrategy, an enterprise platform, which provides a modern analytics experience by delivering insights across multiple devices to users via hyperintelligence products, visualization and reporting capabilities, mobility features, and custom applications developed on the platform; analysts and data scientists with seamless access to trusted, governed data directly within their tools; and APIs and gateways, multiple deployment options, enterprise semantic graph, scalability, and security.