MicroStrategy (MSTR) Set to Announce Earnings on Wednesday

MicroStrategy (NASDAQ:MSTR - Get Free Report) is set to issue its quarterly earnings data after the market closes on Wednesday, October 30th. Parties interested in registering for the company's conference call can do so using this link.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The software maker reported ($0.57) earnings per share (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 firm had revenue of $111.44 million during the quarter, compared to the consensus estimate of $121.99 million. During the same quarter in the previous year, the company posted $0.15 EPS. The firm's revenue was down 7.4% on a year-over-year basis.

MicroStrategy Stock Down 0.1 %

Shares of NASDAQ:MSTR traded down $0.17 during trading on Wednesday, reaching $219.53. 1,631,704 shares of the stock were exchanged, compared to its average volume of 16,313,858. MicroStrategy has a 1-year low of $39.82 and a 1-year high of $227.15. The stock has a fifty day moving average of $155.32 and a two-hundred day moving average of $148.50. 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 firm has a market cap of $38.94 billion, a price-to-earnings ratio of -32.79 and a beta of 3.11.

Insider Buying and Selling at MicroStrategy

In other news, CEO Phong Le sold 48,838 shares of MicroStrategy stock in a transaction on Friday, August 16th. The stock was 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 directly owns 12,670 shares in the company, valued at $1,715,518. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other MicroStrategy news, EVP Wei-Ming Shao sold 3,000 shares of the firm's stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $141.20, for a total value of $423,600.00. Following the completion of the sale, the executive vice president now directly owns 6,460 shares of the company's stock, valued at $912,152. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 value of $6,612,665.20. Following the completion of the sale, the chief executive officer now owns 12,670 shares in the company, valued at approximately $1,715,518. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 101,838 shares of company stock worth $13,950,265 in the last quarter. 13.18% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

MSTR has been the topic of a number of recent research reports. Benchmark raised their price objective on shares of MicroStrategy from $215.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, October 18th. Barclays raised their price target on shares of MicroStrategy from $173.00 to $225.00 and gave the company an "overweight" rating in a research report on Monday, October 14th. Maxim Group boosted their price objective on MicroStrategy from $183.50 to $193.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. Cantor Fitzgerald initiated coverage on MicroStrategy in a research note on Wednesday, August 21st. They issued an "overweight" rating and a $194.00 price objective for the company. Finally, Canaccord Genuity Group cut their target price on MicroStrategy from $185.00 to $173.00 and set a "buy" rating on the stock in a research report on Monday, September 16th. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, MicroStrategy presently has a consensus rating of "Moderate Buy" and an average target price of $220.00.

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.