Piermont Capital Management Decreased Microstrategy Cla (MSTR) Position By $309,290, Snap Class A Common Stock (SNAP) Shorts Up By 8.06%

July 17, 2017 - By Darrin Black

Snap Incorporated Class A Common Stock (NYSE:SNAP) had an increase of 8.06% in short interest. SNAP’s SI was 70.82 million shares in July as released by FINRA. Its up 8.06% from 65.54M shares previously. With 16.35M avg volume, 4 days are for Snap Incorporated Class A Common Stock (NYSE:SNAP)’s short sellers to cover SNAP’s short positions. About 9.00 million shares traded. Snap Inc (NYSE:SNAP) has 0.00% since July 17, 2016 and is . It has underperformed by 16.70% the S&P500.

Piermont Capital Management Llc decreased Microstrategy Incorporated Cla (MSTR) stake by 6.22% reported in 2016Q4 SEC filing. Piermont Capital Management Llc sold 1,570 shares as Microstrategy Incorporated Cla (MSTR)’s stock declined 4.71%. The Piermont Capital Management Llc holds 23,658 shares with $4.67 million value, down from 25,228 last quarter. Microstrategy Incorporated Cla now has $2.12 billion valuation. The stock rose 0.83% or $1.54 reaching $186.27. About 13,245 shares traded. MicroStrategy Incorporated (NASDAQ:MSTR) has risen 2.76% since July 17, 2016 and is uptrending. It has underperformed by 13.94% the S&P500.

Piermont Capital Management Llc increased Prestige Brands Holdings Inc. (NYSE:PBH) stake by 6,710 shares to 32,950 valued at $1.72M in 2016Q4. It also upped Dineequity Inc. (NYSE:DIN) stake by 10,140 shares and now owns 44,996 shares. Progress Software Corporation (NASDAQ:PRGS) was raised too.

Investors sentiment increased to 1.38 in Q4 2016. Its up 0.63, from 0.75 in 2016Q3. It is positive, as 23 investors sold MSTR shares while 43 reduced holdings. 31 funds opened positions while 60 raised stakes. 8.90 million shares or 1.49% less from 9.03 million shares in 2016Q3 were reported. Cornercap Inv Counsel stated it has 5,140 shares or 0.18% of all its holdings. Ny State Common Retirement Fund holds 0% in MicroStrategy Incorporated (NASDAQ:MSTR) or 11,450 shares. Dimensional Fund Advsrs LP invested 0.02% in MicroStrategy Incorporated (NASDAQ:MSTR). 3,865 were accumulated by First Republic Investment Mngmt. Art Limited Liability Corporation invested in 0.02% or 1,800 shares. Gotham Asset Management Llc holds 42,171 shares or 0.11% of its portfolio. Bessemer Grp Inc Inc reported 12,300 shares stake. Pennsylvania-based Emerald Mutual Fund Advisers has invested 1.33% in MicroStrategy Incorporated (NASDAQ:MSTR). M&T State Bank has 4,231 shares for 0.01% of their portfolio. State Street Corporation invested 0% in MicroStrategy Incorporated (NASDAQ:MSTR). Federated Inc Pa, a Pennsylvania-based fund reported 5 shares. Capstone Asset Mgmt reported 2,231 shares. Citigroup owns 19,684 shares for 0% of their portfolio. Rhumbline Advisers invested in 0.01% or 15,265 shares. Piermont Management Inc, a Missouri-based fund reported 23,658 shares.

Since June 7, 2017, it had 0 insider buys, and 1 insider sale for $440,494 activity. $440,494 worth of MicroStrategy Incorporated (NASDAQ:MSTR) shares were sold by Shao Wei-Ming.

Among 8 analysts covering MicroStrategy (NASDAQ:MSTR), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. MicroStrategy had 13 analyst reports since July 29, 2015 according to SRatingsIntel. Mizuho maintained MicroStrategy Incorporated (NASDAQ:MSTR) on Friday, July 29 with “Neutral” rating. Deutsche Bank maintained MicroStrategy Incorporated (NASDAQ:MSTR) rating on Friday, September 11. Deutsche Bank has “Buy” rating and $240 target. The stock of MicroStrategy Incorporated (NASDAQ:MSTR) earned “Buy” rating by Citigroup on Monday, April 11. As per Tuesday, August 4, the company rating was upgraded by SunTrust. The stock of MicroStrategy Incorporated (NASDAQ:MSTR) has “Market Perform” rating given on Friday, July 29 by JMP Securities. The company was maintained on Wednesday, November 16 by Mizuho. The rating was maintained by Deutsche Bank on Monday, January 11 with “Buy”. The firm has “Hold” rating by Lake Street given on Monday, October 19. The rating was initiated by Brean Capital on Tuesday, January 12 with “Hold”. The firm earned “Buy” rating on Friday, December 11 by Mizuho.

Analysts await MicroStrategy Incorporated (NASDAQ:MSTR) to report earnings on July, 27. They expect $1.60 EPS, down 2.44% or $0.04 from last year’s $1.64 per share. MSTR’s profit will be $18.21 million for 29.10 P/E if the $1.60 EPS becomes a reality. After $1.28 actual EPS reported by MicroStrategy Incorporated for the previous quarter, Wall Street now forecasts 25.00% EPS growth.

Among 36 analysts covering Snap Chat (NYSE:SNAP), 15 have Buy rating, 4 Sell and 17 Hold. Therefore 42% are positive. Snap Chat had 58 analyst reports since March 2, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Monday, July 10 by Credit Suisse. The rating was initiated by Susquehanna with “Neutral” on Friday, March 3. The stock has “Buy” rating by Oppenheimer on Wednesday, June 7. The stock has “Hold” rating by Canaccord Genuity on Monday, May 15. Cowen & Co downgraded the shares of SNAP in report on Friday, July 14 to “Market Perform” rating. The firm earned “Buy” rating on Thursday, July 13 by Stifel Nicolaus. On Tuesday, March 28 the stock rating was initiated by Loop Capital with “Hold”. Jefferies maintained the stock with “Buy” rating in Tuesday, May 23 report. Aegis Capital maintained it with “Hold” rating and $19 target in Wednesday, June 21 report. On Thursday, March 23 the stock rating was initiated by Piper Jaffray with “Neutral”.

Snap Inc., formerly Snapchat, Inc., is a camera company. The company has market cap of $17.40 billion. The Company’s flagship product, Snapchat, is a camera application that helps people to communicate through short videos and images known as a Snap. It currently has negative earnings. The Firm offers three ways for people to make Snaps: the Snapchat application, Publishers Tools that help its partners to create Publisher Stories, and Spectacles, its sunglasses that make Snaps.

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