The price of Microstrategy Inc (NASDAQ:MSTR) shares last traded on Wall Street rose 25.73% to $340.00.
MSTR stock price is now 81.45% away from the 50-day moving average and 131.27% away from the 200-day moving average. The market capitalization of the company currently stands at $68.80B.
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With the price target enhanced from $193 to $270, Maxim Group maintained Buy rating for Microstrategy Inc (NASDAQ: MSTR). On September 06, 2024, Barclays recently initiated its ‘Overweight’ rating on the stock quoting a target price of $146, while ‘Cantor Fitzgerald’ rates the stock as ‘Overweight’
In other news, Montgomery Jeanine, SVP & CAO sold 56,250 shares of the company’s stock on Nov 06 ’24. The stock was sold for $14,479,277 at an average price of $257.41. Upon completion of the transaction, the SVP & CAO now directly owns 5,670 shares in the company, valued at $1.93 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 06 ’24, SEVP & CFO Kang Andrew sold 5,700 shares of the business’s stock. A total of $1,465,766 was realized by selling the stock at an average price of $257.15. This leaves the insider owning 12,080 shares of the company worth $4.11 million. A total of 19.60% of the company’s stock is owned by insiders.
During the past 12 months, Microstrategy Inc has had a low of $43.87 and a high of $280.80. As of last week, the company has a debt-to-equity ratio of 1.13, a current ratio of 0.65, and a quick ratio of 0.65. The fifty day moving average price for MSTR is $183.2306 and a two-hundred day moving average price translates $145.56131 for the stock.
The latest earnings results from Microstrategy Inc (NASDAQ: MSTR) was released for 2024-09-30. The net profit margin was -87.05% and return on equity was -17.63% for MSTR. The company reported revenue of $116.07 million for the quarter, compared to $129.46 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.34 percent.
