MicroStrategy (NASDAQ:MSTR) Announces Earnings Results

MicroStrategy (NASDAQ:MSTR) announced its quarterly earnings results on Wednesday. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($3.07), Zacks reports. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%.

MicroStrategy Stock Performance

MSTR stock traded up $7.28 during midday trading on Friday, reaching $332.74. The company had a trading volume of 2,746,786 shares, compared to its average volume of 17,608,170. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The stock has a 50 day moving average price of $356.27 and a 200 day moving average price of $254.50. The firm has a market capitalization of $79.74 billion, a PE ratio of -159.26 and a beta of 3.25. MicroStrategy has a fifty-two week low of $52.51 and a fifty-two week high of $543.00.

Insider Transactions at MicroStrategy

In other news, CAO Jeanine Montgomery sold 752 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $322.45, for a total transaction of $242,482.40. Following the sale, the chief accounting officer now owns 6,418 shares in the company, valued at approximately $2,069,484.10. This represents a 10.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Phong Le sold 1,252 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $322.45, for a total value of $403,707.40. Following the completion of the transaction, the chief executive officer now owns 13,918 shares in the company, valued at $4,487,859.10. The trade was a 8.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,050 shares of company stock valued at $16,314,110 in the last quarter. Insiders own 9.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on MSTR shares. Barclays raised their target price on MicroStrategy from $275.00 to $515.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Canaccord Genuity Group lowered their target price on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a report on Thursday. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $600.00 price objective on shares of MicroStrategy in a research report on Thursday, December 12th. Mizuho assumed coverage on shares of MicroStrategy in a research report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price target for the company. Finally, BTIG Research boosted their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, MicroStrategy currently has an average rating of “Moderate Buy” and a consensus price target of $546.30.

About MicroStrategy

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.