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

MicroStrategy (NASDAQ:MSTR) posted its quarterly earnings data 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 return on equity of 17.31% and a negative net margin of 87.05%.

MicroStrategy Price Performance

NASDAQ:MSTR traded down $11.61 during mid-day trading on Wednesday, hitting $336.70. The company’s stock had a trading volume of 10,729,689 shares, compared to its average volume of 18,453,658. The company has a market capitalization of $80.69 billion, a price-to-earnings ratio of -159.80 and a beta of 3.25. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. MicroStrategy has a fifty-two week low of $46.75 and a fifty-two week high of $543.00. The stock has a fifty day moving average of $358.58 and a 200-day moving average of $253.42.

Wall Street Analyst Weigh In

Several research firms have weighed in on MSTR. Compass Point raised MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Barclays boosted their price target on shares of MicroStrategy from $275.00 to $515.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Benchmark reiterated a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a report on Tuesday, January 14th. Mizuho started coverage on MicroStrategy in a report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price target for the company. Finally, BTIG Research upped their price objective on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company 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, EVP Wei-Ming Shao sold 18,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $368.01, for a total transaction of $6,624,180.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen X. Graham sold 20,000 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $451.36, for a total value of $9,027,200.00. Following the completion of 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,050 shares of company stock valued at $16,314,110. 9.16% of the stock is currently owned by corporate insiders.

About MicroStrategy

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.