$121.90 million in sales expected for MicroStrategy Incorporated (NASDAQ:MSTR) this quarter
Analysts predict that MicroStrategy Incorporated (NASDAQ: MSTR – Get Rating) will post revenue of $121.90 million for the current quarter, Zacks reports. Two analysts released earnings estimates for MicroStrategy, with estimates ranging from $121.70 million to $122.10 million. MicroStrategy posted sales of $125.35 million in the same quarter last year, suggesting a negative 2.8% year-over-year growth rate. The company is expected to release its next results on Monday, January 1.
According to Zacks, analysts expect MicroStrategy to report annual sales of $506.70 million for the current year, with estimates ranging from $498.00 million to $515.40 million. For the next fiscal year, analysts expect the company to post sales of $533.95 million, with estimates ranging from $526.20 to $541.70 million. Zacks Investment Research sales averages are an average based on a survey of sell-side research firms that provide coverage for MicroStrategy.
MicroStrategy (NASDAQ:MSTR – Get Rating) last reported quarterly earnings data on Tuesday, May 3. The software maker reported ($10.42) earnings per share (EPS) for the quarter, missing analyst consensus estimates of $1.50 per ($11.92). The company posted revenue of $119.28 million for the quarter, versus analyst estimates of $126.23 million. MicroStrategy had a negative return on equity of 30.40% and a negative net margin of 109.68%. The company’s quarterly revenue was down 2.9% year over year. In the same quarter of the previous year, the company had earned earnings per share of $1.05.
Several brokerages have recently weighed in on MSTR. Canaccord Genuity Group reduced its price target on MicroStrategy from $540.00 to $453.00 in a Wednesday, May 4 research report. Zacks Investment Research downgraded MicroStrategy from a “hold” rating to a “strong sell” rating in a Saturday, April 30 research report. StockNews.com upgraded MicroStrategy to a “sell” rating in a Thursday, May 12 report. Finally, TheStreet downgraded MicroStrategy from a “c-” rating to a “d+” rating in a Monday, May 9 report. Four investment analysts have assigned the stock a sell rating, one has issued a hold rating and two have assigned the company a buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $613.29.
In related news, director Leslie J. Rechan acquired 2,000 shares of the company in a transaction that took place on Wednesday, May 11. The shares were purchased at an average cost of $204.42 per share, for a total transaction of $408,840.00. Following the transaction, the director now directly owns 2,000 shares of the company, valued at approximately $408,840. The transaction was disclosed in a filing with the SEC, which is available via this hyperlink. Additionally, Executive Vice President Timothy Edwin Lang purchased 2,500 shares of the company in a transaction that took place on Wednesday, May 11. The shares were purchased at an average cost of $200.00 per share, for a total transaction of $500,000.00. Following the completion of the transaction, the executive vice president now directly owns 2,708 shares of the company, valued at approximately $541,600. Disclosure of this purchase can be found here. Insiders of the company hold 22.59% of the shares of the company.
Several institutional investors and hedge funds have recently increased or reduced their stake in the company. Capital World Investors increased its position in MicroStrategy by 366.7% in the fourth quarter. Capital World Investors now owns 587,996 shares of the software maker worth $320,158,000 after buying an additional 461,996 shares in the last quarter. Capital International Investors increased its equity stake in MicroStrategy by 27.4% in the fourth quarter. Capital International Investors now owns 1,338,625 shares of the software maker valued at $728,868,000 after buying an additional 288,104 shares in the last quarter. Vanguard Group Inc. increased its stake in MicroStrategy shares by 36.4% in Q1. Vanguard Group Inc. now owns 888,222 shares of the software maker valued at $431,960,000 after buying an additional 237,109 shares in the last quarter. Norges Bank acquired a new stake in shares of MicroStrategy in Q4 worth $55,352,000. Finally, Renaissance Technologies LLC acquired a new position in MicroStrategy during the 1st quarter with a value of $41,969,000. 52.87% of the shares are currently held by institutional investors.
MSTR opened at $202.75 on Monday. The company has a debt ratio of 2.74, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization of $2.29 billion, a price-earnings ratio of -3.73 and a beta of 1.72. The company’s fifty-day moving average price is $389.08 and its two-hundred-day moving average price is $483.98. MicroStrategy has a 1-year minimum of $134.09 and a 1-year maximum of $891.38.
MicroStrategy Company Profile (Get an assessment)
MicroStrategy Incorporated provides business analytics software and services worldwide. It offers MicroStrategy, an enterprise platform, which provides a modern analytics experience by providing users with insights across multiple devices through hyperintelligence products, visualization and reporting capabilities, mobility features and custom applications developed on the platform; data analysts and scientists with seamless access to trusted, governed data right in their tools; and APIs and gateways, multiple deployment options, enterprise semantic graph, scalability and security.
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