Exchange Traded Concepts LLC grew its stake in shares of MicroStrategy Incorporated (NASDAQ:MSTR – Get Rating) by 19.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,032 shares of the software maker's stock after purchasing an additional 4,989 shares during the period. Exchange Traded Concepts LLC owned approximately 0.27% of MicroStrategy worth $4,934,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. Elequin Capital LP acquired a new position in shares of MicroStrategy during the first quarter valued at about $46,000. Harbor Investment Advisory LLC bought a new stake in shares of MicroStrategy during the first quarter worth about $49,000. Benjamin F. Edwards & Company Inc. increased its position in shares of MicroStrategy by 100.0% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 100 shares of the software maker's stock worth $49,000 after acquiring an additional 50 shares in the last quarter. US Asset Management LLC bought a new stake in shares of MicroStrategy during the first quarter worth about $50,000. Finally, Prospera Financial Services Inc bought a new stake in shares of MicroStrategy during the first quarter worth about $79,000. Institutional investors and hedge funds own 55.50% of the company's stock.
Get MicroStrategy alerts:MicroStrategy Stock Down 3.2 %
MSTR stock traded down $7.02 during trading on Thursday, reaching $213.45. The stock had a trading volume of 15,048 shares, compared to its average volume of 684,528. MicroStrategy Incorporated has a one year low of $134.09 and a one year high of $891.38. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.74. The company's 50 day moving average is $261.42 and its two-hundred day moving average is $289.14. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of -1.79 and a beta of 2.27.
MicroStrategy (NASDAQ:MSTR – Get Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The software maker reported ($92.81) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($2.20) by ($90.61). The firm had revenue of $122.07 million during the quarter, compared to the consensus estimate of $121.90 million. MicroStrategy had a negative return on equity of 233.94% and a negative net margin of 261.81%. Equities research analysts forecast that MicroStrategy Incorporated will post -22.78 EPS for the current year.Analyst Ratings Changes
Several equities research analysts have recently commented on the stock. Canaccord Genuity Group decreased their target price on shares of MicroStrategy from $453.00 to $372.00 in a research report on Thursday, August 4th. Jefferies Financial Group downgraded shares of MicroStrategy from a "hold" rating to an "underperform" rating and set a $180.00 target price for the company. in a research report on Tuesday, July 26th. Finally, StockNews.com raised shares of MicroStrategy to a "sell" rating in a research report on Saturday, July 2nd. Two analysts have rated the stock with a sell rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $593.25.
About MicroStrategy
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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.
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