Shares are trading at $136.88 which is a tad above the 50 day moving average of $130.02 and much lower than the 200 day moving average of $161.24. The 50 day moving average went up $6.86 or +5.28% and the 200 day average moved down $-24.36. Trading volume for MicroStrategy Incorporated was 115K by the end of trading on Tuesday. Overall, volume was up 26.49% over the stocks normal daily volume.
Traders are a little more bearish on shares of the company recently if you pay attention to the change in short interest. The stock realized a rise in short interest from September 15, 2017 to September 29, 2017 of 2.70%. Short interest increased 4,114 over that timeframe. Days to cover increased from 1.0 to 2.0 and the percentage of shorted shares is 0.01% as of September 29.
Additionally, here are a few investment firms who have increased or decreased their stake in (MSTR). As of the end of the quarter Creative Planning had bought a total of 2,001 shares growing its holdings by 226.4%. The value of the company’s investment in MicroStrategy Incorporated went from $169,000 to $368,000 increasing 117.8% since the last quarter. Quadrant Capital Group LLC grew its holdings by buying 7 shares an increase of 100.0%. Quadrant Capital Group LLC now controls 14 shares valued at $1,000. The total value of its holdings increased inf%.
Meeder Asset Management Inc divested its position by selling 93 shares a decrease of 44.7% as of 09/30/2017. Meeder Asset Management Inc claims 115 shares with a value of $15,000. The value of the position overall is down by 62.5%. Shell Asset Management CO downsized its ownership by selling 100 shares a decrease of 2.0% from 06/30/2017 to 09/30/2017. Shell Asset Management CO controls 4,797 shares worth $613,000. The value of the position overall is down by 34.7%.
On July 28 the company was changed to “Hold” according to a Deutsche Bank report which was a cut from the previous “Buy” rating.
The P/E ratio is 18.91 and the market cap is 1.57B. In the last earnings report the EPS was $7.24 and is projected to be $4.33 for the current year with 11,446,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $1.09 and the next full year EPS is projected to be $2.64.
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..