MicroStrategy (NASDAQ:MSTR) Issues Earnings Results

MicroStrategy (NASDAQ:MSTR) announced its earnings results on Wednesday. The software maker reported ($1.56) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($1.44), Briefing.com reports. The company had revenue of $116.07 million for the quarter, compared to analysts’ expectations of $121.45 million. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 19.60%. MicroStrategy’s quarterly revenue was down 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($8.98) earnings per share.

MicroStrategy Price Performance

MicroStrategy stock traded down $8.21 during mid-day trading on Friday, hitting $236.29. The stock had a trading volume of 14,261,084 shares, compared to its average volume of 16,574,580. The firm has a market capitalization of $41.91 billion, a P/E ratio of -118.54 and a beta of 3.11. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.31. The firm’s 50 day moving average is $168.11 and its 200 day moving average is $152.28. MicroStrategy has a one year low of $42.40 and a one year high of $267.89.

Insider Buying and Selling at MicroStrategy

In other MicroStrategy news, EVP Wei-Ming Shao sold 3,000 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total transaction of $423,600.00. Following the completion of the transaction, the executive vice president now owns 6,460 shares of the company’s stock, valued at $912,152. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other MicroStrategy news, CEO Phong Le sold 48,838 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $135.40, for a total transaction of $6,612,665.20. Following the completion of the transaction, the chief executive officer now owns 12,670 shares of the company’s stock, valued at $1,715,518. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Wei-Ming Shao sold 3,000 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total transaction of $423,600.00. Following the completion of the transaction, the executive vice president now directly owns 6,460 shares of the company’s stock, valued at approximately $912,152. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 101,838 shares of company stock valued at $13,950,265 in the last 90 days. Insiders own 13.18% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MSTR shares. Maxim Group upped their price objective on MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday. TD Cowen upped their price objective on MicroStrategy from $200.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday. Sanford C. Bernstein reduced their price objective on MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating for the company in a research note on Wednesday, October 9th. Canaccord Genuity Group upped their price objective on MicroStrategy from $173.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Cantor Fitzgerald assumed coverage on MicroStrategy in a research note on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 price objective for the company. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $264.88.

MicroStrategy Company Profile

MicroStrategy Incorporated provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy ONE, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making; and MicroStrategy Cloud for Government service, which offers always-on threat monitoring that meets the rigorous technical and regulatory needs of governments and financial institutions.