MicroStrategy (MSTR) Cut to Sell at BidaskClub
MicroStrategy (NASDAQ:MSTR) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Thursday.
A number of other research firms have also recently weighed in on MSTR. Mizuho cut their price target on MicroStrategy from $220.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. Deutsche Bank cut their price target on MicroStrategy to $150.00 and set a “hold” rating on the stock in a research note on Friday, September 15th. Zacks Investment Research upgraded MicroStrategy from a “strong sell” rating to a “hold” rating in a research note on Friday, September 29th. Finally, Citigroup restated a “hold” rating and issued a $133.00 price target (down from $191.00) on shares of MicroStrategy in a research note on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. MicroStrategy currently has an average rating of “Hold” and an average target price of $155.75.
MicroStrategy (NASDAQ MSTR) traded up $2.26 during trading hours on Thursday, reaching $136.25. The company had a trading volume of 98,853 shares, compared to its average volume of 76,308. The stock has a market capitalization of $1,533.78, a price-to-earnings ratio of 20.65 and a beta of 0.65. MicroStrategy has a 52-week low of $122.90 and a 52-week high of $207.28.
Institutional investors have recently bought and sold shares of the business. Flinton Capital Management LLC increased its position in shares of MicroStrategy by 83.3% during the second quarter. Flinton Capital Management LLC now owns 528 shares of the software maker’s stock worth $101,000 after purchasing an additional 240 shares in the last quarter. ETF Managers Group LLC acquired a new stake in shares of MicroStrategy during the second quarter worth about $127,000. Riverhead Capital Management LLC increased its position in shares of MicroStrategy by 108.3% during the second quarter. Riverhead Capital Management LLC now owns 833 shares of the software maker’s stock worth $160,000 after purchasing an additional 433 shares in the last quarter. Zacks Investment Management acquired a new stake in shares of MicroStrategy during the second quarter worth about $222,000. Finally, SG Americas Securities LLC increased its position in shares of MicroStrategy by 92.0% during the second quarter. SG Americas Securities LLC now owns 1,223 shares of the software maker’s stock worth $234,000 after purchasing an additional 586 shares in the last quarter. Institutional investors own 74.31% of the company’s stock.
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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