Wall Street brokerages expect MicroStrategy Incorporated (NASDAQ:MSTR) to announce sales of $126.19 million for the current quarter, Zacks reports. Two analysts have issued estimates for MicroStrategy’s earnings, with the lowest sales estimate coming in at $123.76 million and the highest estimate coming in at $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 business is expected to report its next earnings report on Thursday, July 27th.
On average, analysts expect that MicroStrategy will report full-year sales of $126.19 million for the current financial year, with estimates ranging from $517.02 million to $528.45 million. For the next year, analysts expect that the company will post sales of $549.09 million per share. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow MicroStrategy.
MicroStrategy (NASDAQ:MSTR) last released its earnings results on Thursday, April 27th. The software maker reported $1.28 earnings per share 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 firm had revenue of $120.60 million during the quarter, compared to the consensus estimate of $122.14 million. During the same period in the prior year, the business posted $1.24 earnings per share. MicroStrategy’s quarterly revenue was up 1.3% compared to the same quarter last year.
A number of equities research analysts recently commented on the company. BidaskClub upgraded MicroStrategy from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Mizuho reiterated a “buy” rating and issued a $220.00 target price on shares of MicroStrategy in a research report on Sunday, April 23rd. Zacks Investment Research upgraded MicroStrategy from a “strong sell” rating to a “hold” rating in a research report on Saturday, July 1st. Finally, Benchmark Co. assumed coverage on MicroStrategy in a research report on Thursday, April 27th. They issued a “hold” rating on the stock. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $217.67.
MicroStrategy (NASDAQ:MSTR) traded down 0.57% during trading on Wednesday, hitting $184.73. 32,286 shares of the company traded hands. MicroStrategy has a 12-month low of $161.90 and a 12-month high of $207.28. The firm has a market capitalization of $2.11 billion, a P/E ratio of 23.32 and a beta of 0.93. The stock has a 50-day moving average price of $184.12 and a 200-day moving average price of $190.79.
In other MicroStrategy news, EVP Wei-Ming Shao sold 2,400 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $183.54, for a total transaction of $440,496.00. Following the sale, the executive vice president now directly owns 1,005 shares in the company, valued at $184,457.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 21.80% of the company’s stock.
A number of large investors have recently modified their holdings of MSTR. SG Americas Securities LLC bought a new stake in shares of MicroStrategy during the first quarter worth about $120,000. Ameritas Investment Partners Inc. bought a new stake in shares of MicroStrategy during the first quarter worth about $154,000. Creative Planning increased its stake in shares of 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 period. State of Alaska Department of Revenue increased its stake in shares of 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 period. Finally, Clearbridge Investments LLC increased its stake in shares of MicroStrategy by 11.7% in the first quarter. Clearbridge Investments LLC now owns 1,050 shares of the software maker’s stock worth $197,000 after buying an additional 110 shares during the period. Institutional investors and hedge funds 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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