MicroStrategy (MSTR) Projected to Post Earnings on Wednesday

MicroStrategy (NASDAQ:MSTR - Get Free Report) will likely be issuing its Q4 2024 quarterly earnings data after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of ($0.13) per share and revenue of $122.73 million for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 87.05% and a negative return on equity of 17.31%.

MicroStrategy Price Performance

Shares of MSTR stock traded down $11.61 during mid-day trading on Wednesday, reaching $336.70. The stock had a trading volume of 10,700,960 shares, compared to its average volume of 18,390,773. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The company has a market cap of $80.69 billion, a P/E ratio of -159.80 and a beta of 3.25. The business has a 50-day simple moving average of $358.58 and a 200 day simple moving average of $253.42. MicroStrategy has a 12-month low of $46.75 and a 12-month high of $543.00.

Insider Activity at MicroStrategy

In other news, CAO Jeanine Montgomery sold 752 shares of MicroStrategy stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $322.45, for a total value of $242,482.40. Following the transaction, the chief accounting officer now directly owns 6,418 shares of the company's stock, valued at $2,069,484.10. This trade represents a 10.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Stephen X. Graham sold 20,000 shares of the firm'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 completion of the transaction, the director now directly owns 6,970 shares of the company's stock, valued at $3,145,979.20. This represents a 74.16 % decrease in their position. 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 over the last ninety days. 9.16% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MSTR has been the subject of a number of recent research reports. Maxim Group lifted their price target on shares of MicroStrategy from $193.00 to $270.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. BTIG Research raised their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Sanford C. Bernstein restated an "outperform" rating and issued a $600.00 target price on shares of MicroStrategy in a research note on Thursday, December 12th. Mizuho assumed coverage on shares of MicroStrategy in a research report on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 target price for the company. Finally, Canaccord Genuity Group raised their price objective on MicroStrategy from $300.00 to $510.00 and gave the stock a "buy" rating in a research note on Monday, November 25th. One investment analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $483.22.

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.