Analysts Anticipate MicroStrategy Incorporated (MSTR) Will Post Quarterly Sales of $126.19 Million
Equities analysts expect MicroStrategy Incorporated (NASDAQ:MSTR) to report $126.19 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for MicroStrategy’s earnings, with estimates ranging from $123.76 million to $128.62 million. MicroStrategy posted sales of $123.14 million during the same quarter last year, which suggests a positive year over year growth rate of 2.5%. The firm is scheduled to report its next quarterly earnings report on Thursday, July 27th.
According to Zacks, 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 financial year, analysts expect that the business will post sales of $549.09 million per share. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover MicroStrategy.
MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data 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. MicroStrategy had a net margin of 17.81% and a return on equity of 17.15%. The business had revenue of $120.60 million for the quarter, compared to analysts’ expectations of $122.14 million. During the same period in the prior year, the company posted $1.24 EPS. The firm’s revenue was up 1.3% on a year-over-year basis.
A number of equities analysts have recently weighed in on MSTR shares. Zacks Investment Research raised shares of MicroStrategy from a “sell” rating to a “hold” rating in a research report on Wednesday, April 5th. Mizuho reissued a “buy” rating and issued a $220.00 price objective on shares of MicroStrategy in a research report on Sunday, April 23rd. Benchmark Co. started coverage on shares of MicroStrategy in a research report on Thursday, April 27th. They issued a “hold” rating for the company. Finally, BidaskClub raised shares of MicroStrategy from a “sell” rating to a “hold” rating in a research report on Friday, June 23rd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $217.67.
Shares of MicroStrategy (MSTR) opened at 184.34 on Wednesday. The company’s 50-day moving average is $184.12 and its 200 day moving average is $190.79. MicroStrategy has a 52 week low of $161.90 and a 52 week high of $207.28. The stock has a market cap of $2.11 billion, a PE ratio of 23.27 and a beta of 0.93.
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In related news, EVP Wei-Ming Shao sold 2,400 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The shares were 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 directly owns 1,005 shares in the company, valued at $184,457.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 21.80% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in MSTR. Wells Fargo & Company MN increased its stake in MicroStrategy by 3.5% in the first quarter. Wells Fargo & Company MN now owns 43,190 shares of the software maker’s stock worth $8,111,000 after buying an additional 1,478 shares during the last quarter. State of Alaska Department of Revenue increased its stake in MicroStrategy by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 1,040 shares of the software maker’s stock worth $195,000 after buying an additional 20 shares during the last quarter. Creative Planning increased its stake in MicroStrategy by 121.0% in the first quarter. Creative Planning now owns 884 shares of the software maker’s stock worth $166,000 after buying an additional 484 shares during the last quarter. Teachers Advisors LLC increased its stake in MicroStrategy by 5.4% in the fourth quarter. Teachers Advisors LLC now owns 332,030 shares of the software maker’s stock worth $65,543,000 after buying an additional 16,934 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in MicroStrategy during the fourth quarter worth about $1,210,000. Hedge funds and other institutional investors own 79.41% of the company’s stock.
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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