Citigroup Initiates Coverage on MicroStrategy Incorporated to Buy

Citigroup Initiates Coverage on MicroStrategy Incorporated(NASDAQ:MSTR). The shares have been rated Buy. The rating by Citigroup was issued on Apr 11, 2016.

MicroStrategy Incorporated (MSTR) shares turned negative on Fridays trading session with the shares closing down -1.78 points or -0.95% at a volume of 1,81,920. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $188.87. The peak price level was also seen at $188.87 while the days lowest was $185.41. Finally the shares closed at $186.17. The 52-week high of the shares is $226.475 while the 52-week low is $141.01. According to the latest information available, the market cap of the company is $2,123 M.

MicroStrategy Incorporated(MSTR) last announced its earnings results on Jan 27, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $143.52M. Analysts had an estimated revenue of $140.62M. Earnings per share were $3.38. Analysts had estimated an EPS of $2.19.

Several Insider Transactions has been reported to the SEC. On Jun 12, 2015, Robert H Epstein (director) sold 1,731 shares at $180.50 per share price.Also, On May 6, 2015, Douglas King Thede (Senior EVP & CFO) sold 10,000 shares at $179.60 per share price.

MicroStrategy Incorporated is a provider of enterprise-ready analytics mobile and security software platforms. The MicroStrategy Analytics Platform provides organizations to analyze vast amounts of data and distribute actionable business insight throughout an enterprise through two offerings: MicroStrategy Analytics Platform and MicroStrategy Analytics Desktop. The Company’s MicroStrategy Analytics Platform delivers reports and dashboards and provides users to conduct ad hoc analysis and share insights anywhere anytime through mobile devices or the Web. The MicroStrategy Analytics Platform is integrated with MicroStrategy Analytics Desktop a standalone desktop tool that provides business users to analyze and understand their data. The Company’s services consists of various services lines including MicroStrategy technology services MicroStrategy professional services and MicroStrategy education services.

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