MicroStrategy Incorporated (NASDAQ:MSTR) saw a large decrease in short interest in August. As of August 31st, there was short interest totalling 317,600 shares, a decrease of 12.4% from the July 31st total of 362,600 shares. Approximately 3.9% of the company’s shares are short sold. Based on an average daily volume of 129,100 shares, the short-interest ratio is currently 2.5 days.
MSTR has been the subject of a number of research reports. BidaskClub raised shares of MicroStrategy from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. ValuEngine raised shares of MicroStrategy from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research downgraded shares of MicroStrategy from a “hold” rating to a “strong sell” rating in a research report on Friday, July 12th.
In other MicroStrategy news, Director Leslie J. Rechan acquired 1,900 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was bought at an average price of $136.98 per share, with a total value of $260,262.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 26.88% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE boosted its holdings in shares of MicroStrategy by 290.8% in the second quarter. US Bancorp DE now owns 426 shares of the software maker’s stock worth $61,000 after buying an additional 317 shares during the last quarter. Bank of Montreal Can boosted its holdings in MicroStrategy by 289.5% during the 2nd quarter. Bank of Montreal Can now owns 927 shares of the software maker’s stock valued at $132,000 after acquiring an additional 689 shares during the period. Everence Capital Management Inc. purchased a new position in MicroStrategy during the 1st quarter valued at about $201,000. Menta Capital LLC purchased a new position in MicroStrategy during the 2nd quarter valued at about $201,000. Finally, CWM Advisors LLC purchased a new position in MicroStrategy during the 2nd quarter valued at about $209,000. Hedge funds and other institutional investors own 76.44% of the company’s stock.
Shares of MSTR stock traded up $0.10 during trading hours on Thursday, hitting $147.64. 6,898 shares of the company’s stock traded hands, compared to its average volume of 115,766. The stock’s 50 day simple moving average is $137.13 and its 200 day simple moving average is $139.19. The stock has a market cap of $1.47 billion, a PE ratio of 86.64 and a beta of 0.66. MicroStrategy has a 12 month low of $115.50 and a 12 month high of $152.38. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.22.
MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Tuesday, July 30th. The software maker reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.19). MicroStrategy had a net margin of 5.85% and a return on equity of 0.67%. The business had revenue of $117.74 million for the quarter, compared to the consensus estimate of $120.63 million. During the same period in the previous year, the business posted $0.13 EPS. MicroStrategy’s revenue was down 2.4% on a year-over-year basis.
MicroStrategy Company Profile
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.
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