MicroStrategy (NASDAQ:MSTR) Announces Quarterly Earnings Results

MicroStrategy (NASDAQ:MSTR) posted its earnings results on Wednesday. The software maker reported ($1.56) EPS for the quarter, missing the consensus estimate of ($0.12) by ($1.44), Briefing.com reports. MicroStrategy had a negative return on equity of 14.72% and a negative net margin of 43.69%. The firm had revenue of $116.07 million during the quarter, compared to the consensus estimate of $121.45 million. During the same quarter last year, the company posted ($8.98) EPS. MicroStrategy’s revenue for the quarter was down 10.3% on a year-over-year basis.

MicroStrategy Stock Up 0.7 %

Shares of NASDAQ:MSTR traded up $1.77 during trading on Thursday, reaching $249.08. 13,028,733 shares of the company traded hands, compared to its average volume of 16,543,246. The firm has a fifty day simple moving average of $168.11 and a 200 day simple moving average of $152.28. The firm has a market cap of $44.18 billion, a P/E ratio of -173.14 and a beta of 3.11. MicroStrategy has a 1-year low of $41.01 and a 1-year high of $267.89. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.31.

Insider Buying and Selling at MicroStrategy

In other MicroStrategy news, CEO Phong Le sold 48,838 shares of MicroStrategy stock in a transaction on 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 sale, the chief executive officer now owns 12,670 shares of the company’s stock, valued at $1,715,518. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Wei-Ming Shao sold 3,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total transaction of $423,600.00. Following the completion of the sale, the executive vice president now owns 6,460 shares in the company, valued at approximately $912,152. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Phong Le sold 48,838 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $135.40, for a total value of $6,612,665.20. Following the completion of the transaction, the chief executive officer now directly owns 12,670 shares in the company, valued at $1,715,518. The trade was a 0.00 % decrease in their ownership of the stock. 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 quarter. Company insiders own 13.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Maxim Group upped their target price on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday. BTIG Research upped their target price on shares of MicroStrategy from $180.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Cantor Fitzgerald initiated coverage on shares of MicroStrategy in a report on Wednesday, August 21st. They issued an “overweight” rating and a $194.00 price objective for the company. Canaccord Genuity Group decreased their price objective on shares of MicroStrategy from $185.00 to $173.00 and set a “buy” rating for the company in a report on Monday, September 16th. Finally, TD Cowen increased their price objective on shares of MicroStrategy from $195.00 to $200.00 and gave the company a “buy” rating in a report on Monday, September 23rd. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. According to MarketBeat, MicroStrategy presently has an average rating of “Moderate Buy” and a consensus price target of $236.50.

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.