The stock of MicroStrategy Incorporated (NASDAQ:MSTR) hit a new 52-week high and has $301.91 target or 55.00% above today’s $194.78 share price. The 8 months bullish chart indicates low risk for the $2.25 billion company. The 1-year high was reported on Oct, 28 by Barchart.com. If the $301.91 price target is reached, the company will be worth $1.24 billion 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. About 234,562 shares traded hands or 89.07% up from the average. MicroStrategy Incorporated (NASDAQ:MSTR) has risen 0.88% since March 28, 2016 and is uptrending. It has underperformed by 3.83% the S&P500.
MicroStrategy Incorporated (NASDAQ:MSTR) Ratings Coverage
Out of 8 analysts covering MicroStrategy (NASDAQ:MSTR), 4 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 50% are positive. MicroStrategy has been the topic of 11 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock of MicroStrategy Incorporated (NASDAQ:MSTR) has “Buy” rating given on Monday, January 11 by Deutsche Bank. The firm has “Buy” rating given on Friday, December 11 by Mizuho. The stock of MicroStrategy Incorporated (NASDAQ:MSTR) has “Buy” rating given on Monday, April 11 by Citigroup. The stock of MicroStrategy Incorporated (NASDAQ:MSTR) earned “Neutral” rating by Mizuho on Friday, July 29. The stock has “Hold” rating given by Lake Street on Monday, October 19. The stock has “Market Perform” rating given by JMP Securities on Friday, July 29. As per Friday, September 11, the company rating was maintained by Deutsche Bank. On Tuesday, August 4 the stock rating was upgraded by SunTrust to “Buy”. The rating was initiated by Brean Capital on Tuesday, January 12 with “Hold”.
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 1.14 in Q2 2016. Its down 0.89, from 2.03 in 2016Q1. The ratio worsened, 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.
Old Natl Comml Bank In accumulated 1,779 shares or 0.02% of the stock. The Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in MicroStrategy Incorporated (NASDAQ:MSTR). Gerstein Fisher owns 5,600 shares or 0.13% of their US portfolio. Assetmark owns 3 shares or 0% of their US portfolio. Moreover, Aqr Capital Management Limited Company has 0.01% invested in MicroStrategy Incorporated (NASDAQ:MSTR) for 19,476 shares. Numeric Ltd Liability Co, a Massachusetts-based fund reported 45,909 shares. Morgan Stanley holds 0.01% of its portfolio in MicroStrategy Incorporated (NASDAQ:MSTR) for 133,238 shares. The New York-based Gp has invested 0% in MicroStrategy Incorporated (NASDAQ:MSTR). The New York-based Amici Lc has invested 0.65% in MicroStrategy Incorporated (NASDAQ:MSTR). Kcg Holdg holds 0.01% or 3,304 shares in its portfolio. Bnp Paribas Arbitrage last reported 0% of its portfolio in the stock. Palisades Hudson Asset Mgmt Ltd Partnership has 0.26% invested in the company for 1,821 shares. Fisher Asset Mngmt Ltd Company has invested 0.02% of its portfolio in MicroStrategy Incorporated (NASDAQ:MSTR). Pacad last reported 1,200 shares in the company. Rbf Cap Ltd Company last reported 0.12% of its portfolio in the stock.
More notable 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 with their article: “MicroStrategy Incorporated’s Earnings Soar on Lower Costs” published on January 30, 2016, Prnewswire.com published: “MicroStrategy Desktopâ„¢ Now Available at No Charge” on October 17, 2016. More interesting news about MicroStrategy Incorporated (NASDAQ:MSTR) were released by: Prnewswire.com and their article: “MicroStrategy to Present at Strata + Hadoop World” published on September 27, 2016 as well as Fool.com‘s news article titled: “MicroStrategy Inc. Earnings Fall 16%” with publication date: August 05, 2016.
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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