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

MicroStrategy (NASDAQ:MSTR) issued 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 17.31% and a negative net margin of 87.05%.

MicroStrategy Stock Performance

Shares of MSTR stock traded down $11.61 on Wednesday, hitting $336.70. The company had a trading volume of 10,840,381 shares, compared to its average volume of 18,462,701. The firm has a market cap of $80.69 billion, a P/E ratio of -159.80 and a beta of 3.25. MicroStrategy has a twelve month low of $46.75 and a twelve month high of $543.00. The company has a 50-day moving average price of $358.58 and a 200-day moving average price of $253.42. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MSTR. Sanford C. Bernstein reissued an “outperform” rating and issued a $600.00 price target on shares of MicroStrategy in a research report on Thursday, December 12th. Benchmark reissued a “buy” rating and set a $650.00 price target on shares of MicroStrategy in a research report on Tuesday, January 14th. Canaccord Genuity Group lifted their price objective on shares of MicroStrategy from $300.00 to $510.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Maxim Group increased their target price on shares of MicroStrategy from $193.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Compass Point raised MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, MicroStrategy currently has an average rating of “Moderate Buy” and a consensus price target of $483.22.

Insider Buying and Selling at MicroStrategy

In other MicroStrategy news, Director Stephen X. Graham sold 20,000 shares of the 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 in the company, valued at approximately $3,145,979.20. This represents a 74.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Wei-Ming Shao sold 18,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 6,460 shares of the company’s stock, valued at $2,377,344.60. This trade represents a 73.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,050 shares of company stock valued at $16,314,110. 9.16% of the stock is owned by company insiders.

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.