MicroStrategy (NASDAQ:MSTR) Issues Quarterly Earnings Results

MicroStrategy (NASDAQ:MSTR - Get Free Report) released its earnings results on Wednesday. The software maker reported ($3.20) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($3.07), Zacks reports. MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

MicroStrategy Stock Up 0.6 %

MicroStrategy stock traded up $2.10 during trading hours on Friday, reaching $327.56. The stock had a trading volume of 15,001,165 shares, compared to its average volume of 16,244,744. The business's 50 day moving average price is $355.07 and its 200-day moving average price is $256.11. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. MicroStrategy has a 52 week low of $52.51 and a 52 week high of $543.00. The company has a market cap of $78.50 billion, a price-to-earnings ratio of -58.15 and a beta of 3.25.

Analyst Upgrades and Downgrades

MSTR has been the topic of several recent analyst reports. Keefe, Bruyette & Woods started coverage on shares of MicroStrategy in a research note on Friday. They issued an "outperform" rating and a $560.00 target price on the stock. Cantor Fitzgerald upped their target price on MicroStrategy from $613.00 to $619.00 and gave the company an "overweight" rating in a research note on Thursday. Compass Point upgraded MicroStrategy to a "strong-buy" rating in a report on Wednesday, January 29th. Canaccord Genuity Group dropped their price objective on MicroStrategy from $510.00 to $409.00 and set a "buy" rating for the company in a report on Thursday. Finally, Sanford C. Bernstein reiterated an "outperform" rating and issued a $600.00 target price on shares of MicroStrategy in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $546.30.

Insider Buying and Selling at MicroStrategy

In other news, CAO Jeanine Montgomery sold 752 shares of the business's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $322.45, for a total transaction of $242,482.40. Following the sale, the chief accounting officer now directly owns 6,418 shares of the company's stock, valued at $2,069,484.10. The trade was a 10.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Wei-Ming Shao sold 18,000 shares of the business's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $368.01, for a total value of $6,624,180.00. Following the sale, the executive vice president now owns 6,460 shares in the company, valued at approximately $2,377,344.60. The trade was a 73.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,050 shares of company stock worth $16,314,110 over the last three months. Corporate insiders own 9.16% of the company's stock.

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.