MicroStrategy (MSTR) to Release Earnings on Wednesday

MicroStrategy (NASDAQ:MSTR) is scheduled to release its earnings data after the market closes on Wednesday, October 30th. Parties that are interested in participating in the company’s conference call can do so using this link.

MicroStrategy (NASDAQ:MSTR) last released its earnings results on Thursday, August 1st. The software maker reported ($0.57) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.48). MicroStrategy had a negative return on equity of 14.72% and a negative net margin of 43.69%. The company had revenue of $111.44 million during the quarter, compared to the consensus estimate of $121.99 million. During the same period last year, the firm posted $0.15 earnings per share. The company’s revenue was down 7.4% compared to the same quarter last year.

MicroStrategy Price Performance

Shares of NASDAQ:MSTR opened at $219.70 on Wednesday. The business has a fifty day moving average price of $153.63 and a 200-day moving average price of $147.96. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.47 and a quick ratio of 0.47. The company has a market capitalization of $38.97 billion, a PE ratio of -32.79 and a beta of 3.11. MicroStrategy has a 1-year low of $34.61 and a 1-year high of $227.15.

Analysts Set New Price Targets

Several research analysts have recently issued reports on MSTR shares. Maxim Group upped their target price on shares of MicroStrategy from $183.50 to $193.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. BTIG Research lifted their target price on MicroStrategy from $180.00 to $240.00 and gave the stock a “buy” rating in a report on Monday. Barclays increased their price target on MicroStrategy from $173.00 to $225.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Canaccord Genuity Group lowered their price objective on shares of MicroStrategy from $185.00 to $173.00 and set a “buy” rating on the stock in a research note on Monday, September 16th. Finally, TD Cowen upped their price objective on MicroStrategy from $195.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. One research analyst has rated the stock with a sell rating and eight have issued a 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 $220.00.

Insider Buying and Selling at MicroStrategy

In other MicroStrategy news, EVP Wei-Ming Shao sold 3,000 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 6,460 shares of the company’s stock, valued at $912,152. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Phong Le sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $138.28, for a total value of $6,914,000.00. Following the completion of the sale, the chief executive officer now directly owns 12,670 shares of the company’s stock, valued at $1,752,007.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Wei-Ming Shao sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $141.20, for a total value of $423,600.00. Following the transaction, the executive vice president now directly owns 6,460 shares in the company, valued at approximately $912,152. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 101,838 shares of company stock valued at $13,950,265 in the last three months. 13.18% of the stock is currently owned by corporate 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.