Microstrategy Inc. (NASDAQ:MSTR) shares traded 8.96% higher at $255.34 on Wall Street last session.
MSTR stock price is now 56.12% away from the 50-day moving average and 87.00% away from the 200-day moving average. The market capitalization of the company currently stands at $47.23B.
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With the price target of $146, Barclays recently initiated with Overweight rating for Microstrategy Inc. (NASDAQ: MSTR). On August 21, 2024, Cantor Fitzgerald recently initiated its ‘Overweight’ rating on the stock quoting a target price of $194, while ‘Maxim Group’ rates the stock as ‘Buy’
In other news, Shao Wei-Ming, SEVP & General Counsel sold 9,000 shares of the company’s stock on Aug 23 ’24. The stock was sold for $1,296,000 at an average price of $144.00. Upon completion of the transaction, the SEVP & General Counsel now directly owns 6,460 shares in the company, valued at $1.65 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 22 ’24, SEVP & General Counsel Shao Wei-Ming sold 3,000 shares of the business’s stock. A total of $423,600 was realized by selling the stock at an average price of $141.20. This leaves the insider owning 6,460 shares of the company worth $1.65 million. A total of 1.11% of the company’s stock is owned by insiders.
During the past 12 months, Microstrategy Inc. has had a low of $39.82 and a high of $245.57. As of last week, the company has a debt-to-equity ratio of 1.38, a current ratio of 0.47, and a quick ratio of 0.47. The fifty day moving average price for MSTR is $163.5556 and a two-hundred day moving average price translates $136.54506 for the stock.
The latest earnings results from Microstrategy Inc. (NASDAQ: MSTR) was released for 2024-06-30. The net profit margin was -43.69% and return on equity was -11.49% for MSTR. The company reported revenue of $111.44 million for the quarter, compared to $120.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.44 percent.
