Price Don’t Lie: Time to Reconsider MicroStrategy Incorporated After Reaching 52-Week High?

Price Don't Lie: Time to Reconsider MicroStrategy Incorporated After Reaching 52 Week High?

The stock of MicroStrategy Incorporated (NASDAQ:MSTR) hit a new 52-week high and has $215.66 target or 9.00% above today’s $197.85 share price. The 7 months bullish chart indicates low risk for the $2.26B company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $215.66 price target is reached, the company will be worth $203.40 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 0.18% or $0.36 during the last trading session, hitting $197.85. About 39,480 shares traded hands. MicroStrategy Incorporated (NASDAQ:MSTR) has risen 3.34% since April 22, 2016 and is uptrending. It has underperformed by 2.07% the S&P500.

Analysts await MicroStrategy Incorporated (NASDAQ:MSTR) to report earnings on January, 25. They expect $2.57 EPS, down 23.96% or $0.81 from last year’s $3.38 per share. MSTR’s profit will be $29.36 million for 19.25 P/E if the $2.57 EPS becomes a reality. After $2.31 actual EPS reported by MicroStrategy Incorporated for the previous quarter, Wall Street now forecasts 11.26% EPS growth.

MicroStrategy Incorporated (NASDAQ:MSTR) Ratings Coverage

Out of 8 analysts covering MicroStrategy (NASDAQ:MSTR), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. MicroStrategy has been the topic of 12 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The rating was maintained by Mizuho on Wednesday, November 16 with “Buy”. SunTrust upgraded the stock to “Buy” rating in Tuesday, August 4 report. Deutsche Bank maintained the shares of MSTR in a report on Monday, January 11 with “Buy” rating. The firm earned “Neutral” rating on Friday, July 29 by Mizuho. The stock of MicroStrategy Incorporated (NASDAQ:MSTR) has “Buy” rating given on Friday, September 11 by Deutsche Bank. As per Tuesday, January 12, the company rating was initiated by Brean Capital. Citigroup initiated MicroStrategy Incorporated (NASDAQ:MSTR) rating on Monday, April 11. Citigroup has “Buy” rating and $230 price target. The firm has “Buy” rating given on Friday, December 11 by Mizuho. As per Monday, October 19, the company rating was initiated by Lake Street. The firm has “Market Perform” rating given on Friday, July 29 by JMP Securities.

According to Zacks Investment Research, “MicroStrategy Incorporated, a leading worldwide provider of business intelligence software, today announced that GT Nexus has selected MicroStrategy to power the customer-facing analytics and reporting capabilities on its Global Logistics portal. The GT Nexus portal is an on demand technology platform that is used by importers, exporters, transportation carriers, suppliers, banks, and other partners to manage goods that are moving around the world. The GT Nexus system captures and stores hard-to-get data associated with global supply chains, and then fuels a range of Web applications that can be used by constituents to lower supply chain costs and improve control. MicroStrategy will help GT Nexus to deliver a wide range of analytics and reporting capabilities to its customers, which include Home Depot, Kmart, Xerox, Weyerhaeuser, and American Eagle Outfitters.”

Insitutional Activity: The institutional sentiment decreased to 0.75 in Q2 2016. Its down 0.39, from 1.14 in 2016Q1. The ratio dived, as 28 funds sold all MicroStrategy Incorporated shares owned while 51 reduced positions. 17 funds bought stakes while 73 increased positions. They now own 9.24 million shares or 4.61% less from 9.69 million shares in 2016Q1.
Ladenburg Thalmann Svcs has 0% invested in the company for 192 shares. The Ohio-based Bartlett Ltd has invested 0% in MicroStrategy Incorporated (NASDAQ:MSTR). Blackrock Mgmt Limited Com last reported 41,383 shares in the company. Ny State Teachers Retirement has 11,759 shares for 0.01% of their US portfolio. Price T Rowe Assocs Md last reported 0% of its portfolio in the stock. Moreover, State Street Corporation has 0% invested in MicroStrategy Incorporated (NASDAQ:MSTR) for 188,480 shares. Credit Suisse Ag holds 10,171 shares or 0% of its portfolio. Susquehanna Int Group Llp has 0% invested in the company for 8,437 shares. Us Financial Bank De last reported 0% of its portfolio in the stock. Palisades Hudson Asset Mngmt Limited Partnership accumulated 0.26% or 1,821 shares. Hbk Limited Partnership last reported 0.02% of its portfolio in the stock. Blackrock Institutional Tru Co Na has 0.01% invested in the company for 255,672 shares. Aqr Cap Management Limited accumulated 0.01% or 19,476 shares. Kcg Holding holds 3,304 shares or 0.01% of its portfolio. Rhumbline Advisers last reported 0.01% of its portfolio in the stock.

Insider Transactions: Since November 18, 2016, the stock had 0 insider buys, and 1 sale for $654,112 net activity. 3,317 MicroStrategy Incorporated (NASDAQ:MSTR) shares with value of $654,112 were sold by Patten Jarrod M.

More recent MicroStrategy Incorporated (NASDAQ:MSTR) news were published by: Fool.com which released: “MicroStrategy Incorporated Earnings Fall on Lower Sales, Forex Losses” on May 02, 2016. Also Fool.com published the news titled: “MicroStrategy Incorporated’s Earnings Soar on Lower Costs” on January 30, 2016. Prnewswire.com‘s news article titled: “MicroStrategy Unveils MicroStrategy 10.3â„¢” with publication date: March 15, 2016 was also an interesting one.

MSTR Company Profile

MicroStrategy Incorporated (MicroStrategy), incorporated on November 17, 1989, is a well-known provider of enterprise software platforms. The Firm is engaged in providing enterprise analytics, mobile and security platforms. The Company’s MicroStrategy 10 consolidates analytics, mobility and security in a single integrated platform, available both as on-premises software and as a hosted service offering in MicroStrategy Secure Cloud. MicroStrategy’s enterprise platform combines traditional business intelligence functionality with data discovery, mobile analytics and enterprise security. MicroStrategy 10 consists of MicroStrategy Analytics, MicroStrategy Mobile and Usher.

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