MicroStrategy (NASDAQ:MSTR) Announces Earnings Results, Misses Estimates By $1.44 EPS

MicroStrategy (NASDAQ:MSTR) posted its quarterly earnings data on Wednesday. The software maker reported ($1.56) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($1.44), Briefing.com reports. The firm had revenue of $116.07 million for the quarter, compared to the consensus estimate of $121.45 million. MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 19.60%. The business’s revenue was down 10.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($8.98) earnings per share.

MicroStrategy Stock Down 3.4 %

NASDAQ MSTR traded down $8.21 during mid-day trading on Friday, reaching $236.29. The stock had a trading volume of 14,261,084 shares, compared to its average volume of 16,574,580. MicroStrategy has a 1 year low of $42.40 and a 1 year high of $267.89. The stock has a market cap of $41.91 billion, a PE ratio of -118.54 and a beta of 3.11. The company has a fifty day moving average price of $168.11 and a 200 day moving average price of $152.28. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.47 and a quick ratio of 0.47.

Insider Buying and Selling

In related news, CEO Phong Le sold 48,838 shares of the business’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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other MicroStrategy news, EVP Wei-Ming Shao sold 3,000 shares of the business’s stock in a transaction on 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 sale, the executive vice president now directly owns 6,460 shares in the company, valued at approximately $912,152. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Phong Le sold 48,838 shares of the business’s 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 sale, the chief executive officer now owns 12,670 shares of the company’s stock, valued at approximately $1,715,518. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 101,838 shares of company stock worth $13,950,265 in the last three months. Insiders own 13.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MSTR. TD Cowen lifted their price objective on MicroStrategy from $200.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday. Sanford C. Bernstein cut their price objective on MicroStrategy from $2,890.00 to $290.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 9th. BTIG Research lifted their price objective on MicroStrategy from $180.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Canaccord Genuity Group lifted their price objective on MicroStrategy from $173.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Cantor Fitzgerald initiated coverage on MicroStrategy in a research report on Wednesday, August 21st. They set an “overweight” rating and a $194.00 price objective on the stock. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.