Strategy (NASDAQ:MSTR) Posts Quarterly Earnings Results, Misses Expectations By $16.47 EPS
Strategy (NASDAQ:MSTR) reported quarterly earnings of ($16.49) EPS, missing estimates by $16.47. Revenue was $111.07 million, below the expected $116.66 million, marking a 3.6% decline year-over-year. The company has a negative return on equity of 19.01% and a net margin of 251.73%. Analysts have mixed ratings, with a consensus price target of $510.33. Recent insider purchases include 500 shares by EVP Wei-Ming Shao and 6,000 shares by CEO Phong Le, both at $85.00 per share. Strategy provides AI-powered analytics software and services globally.
Strategy (NASDAQ:MSTR - Get Free Report) posted its quarterly earnings data on Thursday. The software maker reported ($16.49) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($16.47), Zacks reports. The business had revenue of $111.07 million for the quarter, compared to analyst estimates of $116.66 million. Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%. Strategy's revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.83) EPS.
Strategy Price Performance
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Shares of MSTR stock opened at $394.37 on Friday. The stock's fifty day simple moving average is $304.20 and its 200 day simple moving average is $321.93. Strategy has a one year low of $102.40 and a one year high of $543.00. The firm has a market cap of $101.49 billion, a price-to-earnings ratio of -70.01 and a beta of 3.79. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on MSTR. Benchmark reiterated a "buy" rating and set a $650.00 price target on shares of Strategy in a report on Tuesday, January 14th. Barclays reduced their price target on shares of Strategy from $515.00 to $421.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Monness Crespi & Hardt downgraded shares of Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price objective on the stock. in a report on Tuesday, April 1st. Maxim Group increased their target price on shares of Strategy from $480.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Finally, HC Wainwright assumed coverage on Strategy in a research note on Tuesday. They set a "buy" rating and a $480.00 price target on the stock. One analyst has rated the stock with a sell rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $510.33.
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Check Out Our Latest Stock Analysis on MSTR
Insiders Place Their Bets
In other news, EVP Wei-Ming Shao acquired 500 shares of the company's stock in a transaction dated Thursday, March 20th. The stock was bought at an average price of $85.00 per share, with a total value of $42,500.00. Following the completion of the acquisition, the executive vice president now owns 500 shares in the company, valued at approximately $42,500. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Phong Le bought 6,000 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was purchased at an average price of $85.00 per share, with a total value of $510,000.00. Following the purchase, the chief executive officer now directly owns 6,000 shares of the company's stock, valued at $510,000. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 8,000 shares of company stock worth $680,000 and sold 37,798 shares worth $12,535,866. Corporate insiders own 9.16% of the company's stock.
Strategy Company Profile
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Strategy Incorporated, formerly known as MicroStrategy, provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers Strategy ONE, a platform that allows non-technical users to access novel and actionable insights for decision-making, and Strategy Cloud for Government, which provides always-on threat monitoring designed to meet the strict technical and regulatory standards of governments and financial institutions.
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