$126.19 Million in Sales Expected for MicroStrategy Incorporated (MSTR) This Quarter
Equities research analysts expect MicroStrategy Incorporated (NASDAQ:MSTR) to report sales of $126.19 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for MicroStrategy’s earnings, with the highest sales estimate coming in at $128.62 million and the lowest estimate coming in at $123.76 million. MicroStrategy reported sales of $123.14 million during the same quarter last year, which would suggest a positive year over year growth rate of 2.5%. The business is expected to issue its next quarterly earnings results on Thursday, July 27th.
On average, analysts expect that MicroStrategy will report full-year sales of $126.19 million for the current fiscal year, with estimates ranging from $517.02 million to $528.45 million. For the next fiscal year, analysts anticipate that the firm will report sales of $549.09 million per share. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow MicroStrategy.
MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Thursday, April 27th. The software maker reported $1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.69 by $0.41. The firm had revenue of $120.60 million for the quarter, compared to analyst estimates of $122.14 million. MicroStrategy had a return on equity of 17.15% and a net margin of 17.81%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the firm earned $1.24 EPS.
MSTR has been the subject of several research analyst reports. Zacks Investment Research lowered MicroStrategy from a “hold” rating to a “strong sell” rating in a report on Thursday, May 4th. Mizuho restated a “buy” rating and issued a $220.00 price objective on shares of MicroStrategy in a report on Sunday, April 23rd. Finally, Benchmark Co. initiated coverage on MicroStrategy in a report on Thursday, April 27th. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. MicroStrategy presently has a consensus rating of “Hold” and an average target price of $217.67.
MicroStrategy (NASDAQ MSTR) traded down 0.02% on Friday, hitting $182.79. The stock had a trading volume of 34,404 shares. MicroStrategy has a one year low of $161.90 and a one year high of $207.28. The stock has a 50-day moving average of $185.45 and a 200-day moving average of $191.61. The company has a market cap of $2.09 billion, a PE ratio of 23.07 and a beta of 0.95.
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In other news, EVP Wei-Ming Shao sold 2,400 shares of the company’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $183.54, for a total value of $440,496.00. Following the completion of the sale, the executive vice president now owns 1,005 shares in the company, valued at $184,457.70. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 21.80% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Clearbridge Investments LLC increased its stake in shares of MicroStrategy by 11.7% in the first quarter. Clearbridge Investments LLC now owns 1,050 shares of the software maker’s stock valued at $197,000 after buying an additional 110 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of MicroStrategy by 26.1% in the first quarter. AQR Capital Management LLC now owns 13,494 shares of the software maker’s stock valued at $2,534,000 after buying an additional 2,796 shares in the last quarter. Gotham Asset Management LLC increased its stake in shares of MicroStrategy by 2.5% in the first quarter. Gotham Asset Management LLC now owns 43,222 shares of the software maker’s stock valued at $8,117,000 after buying an additional 1,051 shares in the last quarter. Highbridge Capital Management LLC bought a new stake in shares of MicroStrategy during the first quarter valued at approximately $2,420,000. Finally, State Street Corp increased its stake in shares of MicroStrategy by 7.4% in the first quarter. State Street Corp now owns 228,506 shares of the software maker’s stock valued at $42,913,000 after buying an additional 15,653 shares in the last quarter. 79.41% of the stock is owned by institutional investors and hedge funds.
MicroStrategy Company Profile
MicroStrategy Incorporated is a provider of enterprise software platforms around the world. The Company is engaged in the design, development, marketing and sales of its software platform through licensing arrangements, and cloud-based subscriptions and related services. It focuses on providing enterprise customers with software platform and services for deploying intelligence applications.
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