Here is the rundown on market activity for MicroStrategy Incorporated (NASDAQ:MSTR). Wei-ming Shao, SEVP & General Counsel sold $439,968 worth of shares at a price of $183.32 on June 9th. That brings the SEVP & General Counsel’s holdings to $917 as reported to the SEC. Robert H. Epstein, Director let go of $71,852 worth of shares at an average price of $195.25 on Mon the 5th. That brings Epstein’s holdings to $0 as recorded in a recent Form 4 SEC filing.
Director Robert H. Epstein sold 482 shares at an average price of $196.00 on Thu the 1st. Epstein now owns $0 of stock per an SEC filing yesterday.
MicroStrategy Incorporated, launched on November 17, 1989, is a provider of enterprise software platforms around the world. The Company is involved in the design, development, marketing and sales of its software platform through licensing arrangements, and cloud-based subscriptions and related services. The Company focuses on providing enterprise customers with software platform and services for deploying intelligence applications. It offers services to a range of industries, such as retail; financial services and insurance; pharmaceutical and healthcare; manufacturing; technology, media and telecommunications; consumer goods; government, public services and education; restaurants, and hospitality and leisure..
These funds have also shifted positions in (MSTR). As of quarter end Clearbridge Investments, LLC had bought a total of 110 shares growing its position 11.7%. The value of the total investment in MicroStrategy Incorporated went from $186,000 to $197,000 a change of $11,000 quarter to quarter. Goldman Sachs Group Inc trimmed its investment by selling 20,958 shares a decrease of 43.2% from 12/31/2016 to 03/31/2017. Goldman Sachs Group Inc now holds 27,532 shares worth $5,171,000. The total value of its holdings decreased 46.0%.
As of the end of the quarter Sterling Capital Management LLC had disposed of 25,944 shares trimming its stake by 9.5%. The value of the company’s investment in MicroStrategy Incorporated decreased from $54,163,000 to $46,656,000 decreasing 13.9% for the reporting period. As of quarter end State Street Corp had acquired a total of 15,653 shares growing its holdings by 7.4%. The value in dollars went from $42,018,000 to $42,913,000 a change of 2.1% since the last quarter.
On July 29, 2016 the stock rating was changed to a “Market Perform” according to a JMP Securities report down from the previous “Outperform” rating. On April 11, 2016 Citigroup released its first research report on the stock with an initial rating of “Buy” and price target of $230.00.
On January 12 analysts at Brean Capital started covering MSTR with a rating of “Hold”. January 11 investment analysts at Deutsche Bank kept the stock rating at “Buy” and lowered the price expectation to $200.00 from $220.00.
Mizuho Securities initiated coverage on the stock by announcing an initial rating of “Buy” and establishing a price target of $200.00. On September 11 Deutsche Bank held the stock rating at “Buy” and raised the price target from $225.00 to $240.00.
In the market the company is trading down by -2.07% since yesterday’s close of $184.61. The stock last traded at $180.79 marginally under the 50 day moving average which is $186.59 and just a bit lower than the 200 day moving average of $192.14. The 50 day moving average went down by -3.11% and the 200 day average was down $-11.35.
MicroStrategy Incorporated’s P/E ratio is 22.82 and the market value is 2.07B. As of the last earnings report the EPS was $7.92 and is estimated to be $7.28 for the current year with 11,442,000 shares outstanding. Analysts expect next quarter’s EPS to be $1.92 with next year’s EPS projected to be $7.60.
Investors are more bullish on shares of the company recently at least if you consider the fall in short interest. The firm realized a fall in short interest from May 15, 2017 to April 28, 2017 of -5.62%. Short interest decreased from 308,249 to 290,917 over that period. With short interest at 290,917 and short average daily volume at 74,357, days to cover is 3.9 and the short interest percentage is 0.03% as of April 28.