MicroStrategy (NASDAQ:MSTR) Stock Crosses Above 200 Day Moving Average of $140.82

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $140.82 and traded as high as $152.43. MicroStrategy shares last traded at $150.49, with a volume of 1,688 shares trading hands.

MSTR has been the topic of several recent analyst reports. ValuEngine lowered shares of MicroStrategy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. BidaskClub lowered shares of MicroStrategy from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Zacks Investment Research upgraded shares of MicroStrategy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 2nd.

The company has a debt-to-equity ratio of 0.20, a current ratio of 3.13 and a quick ratio of 3.13. The firm has a market capitalization of $1.57 billion, a PE ratio of 462.48 and a beta of 0.60. The business’s 50-day moving average price is $150.25 and its 200-day moving average price is $140.87.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Tuesday, October 29th. The software maker reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.28. The business had revenue of $119.69 million for the quarter, compared to analyst estimates of $123.02 million. MicroStrategy had a net margin of 5.26% and a return on equity of 0.73%. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the firm posted $0.83 earnings per share. Equities analysts forecast that MicroStrategy Incorporated will post 0.91 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of MicroStrategy by 7.0% during the second quarter. BlackRock Inc. now owns 1,347,405 shares of the software maker’s stock worth $193,097,000 after acquiring an additional 87,574 shares during the last quarter. Vanguard Group Inc. grew its position in shares of MicroStrategy by 1.6% during the second quarter. Vanguard Group Inc. now owns 868,311 shares of the software maker’s stock worth $124,438,000 after acquiring an additional 14,033 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of MicroStrategy by 0.7% during the second quarter. Victory Capital Management Inc. now owns 415,595 shares of the software maker’s stock worth $59,559,000 after acquiring an additional 3,009 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of MicroStrategy during the second quarter worth approximately $59,082,000. Finally, Russell Investments Group Ltd. grew its position in shares of MicroStrategy by 58.9% during the third quarter. Russell Investments Group Ltd. now owns 299,994 shares of the software maker’s stock worth $44,501,000 after acquiring an additional 111,155 shares during the last quarter. Institutional investors and hedge funds own 74.70% of the company’s stock.

MicroStrategy Company Profile (NASDAQ:MSTR)

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.

Further Reading: Forex

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