MicroStrategy (NASDAQ:MSTR) Posts Earnings Results, Misses Expectations By $3.07 EPS

MicroStrategy (NASDAQ:MSTR - Get Free Report) released its 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 return on equity of 19.01% and a negative net margin of 251.73%.

MicroStrategy Price Performance

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

Insider Transactions at MicroStrategy

In other news, Director Stephen X. Graham sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $451.36, for a total transaction of $9,027,200.00. Following the transaction, the director now owns 6,970 shares of the company's stock, valued at approximately $3,145,979.20. The trade was a 74.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Wei-Ming Shao sold 18,000 shares of the firm's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total value of $6,624,180.00. Following the completion of the sale, the executive vice president now owns 6,460 shares of the company's stock, valued at approximately $2,377,344.60. This represents a 73.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,050 shares of company stock worth $16,314,110 in the last three months. Insiders own 9.16% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on MSTR. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $600.00 target price on shares of MicroStrategy in a report on Thursday, December 12th. Keefe, Bruyette & Woods began coverage on MicroStrategy in a research note on Friday. They issued an "outperform" rating and a $560.00 price objective for the company. Benchmark reissued a "buy" rating and set a $650.00 target price on shares of MicroStrategy in a research note on Tuesday, January 14th. Mizuho assumed coverage on MicroStrategy in a report on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 price target on the stock. Finally, Canaccord Genuity Group cut their price objective on shares of MicroStrategy from $510.00 to $409.00 and set a "buy" rating for the company in a report on Thursday. One analyst has rated the stock with a sell rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $546.30.

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.