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MarketScreener Homepage  >  Equities  >  Nasdaq  >  MicroStrategy Incorporated    MSTR

MICROSTRATEGY INCORPORATED

(MSTR)
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Law Offices of Howard G. Smith Announces Investigation on Behalf of MicroStrategy Incorporated Investors (MSTR)

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07/09/2019 | 05:01pm EDT

Law Offices of Howard G. Smith announces an investigation on behalf of MicroStrategy Incorporated (“MicroStrategy” or the “Company”) (NASDAQ: MSTR) investors concerning the Company and its officers’ possible violations of federal securities laws.

On January 29, 2019, the Company disclosed a material weakness in its internal controls over financial reporting. The Company stated that the material weakness “relates to general information technology controls in the areas of user access, program change-management and other matters impacting information technology systems that support MicroStrategy’s financial reporting processes.”

On this news, shares of MicroStrategy fell $10.90 per share, or nearly 8%, to close at $127.37 per share on January 30, 2019, thereby injuring investors.

Then, on July 8, 2019, the Company announced the resignations of two senior executives: Kevin Norlin, Senior Executive Vice President of Worldwide Sales, and Stephen H. Holdridge, Senior Executive Vice President of Worldwide Services. The Company further stated that it began a search for a new Chief Financial Officer (“CFO”) because its current CFO, Phong Le, would assume the responsibilities of head of Worldwide Sales and Services following the recent resignations.

On this news, shares of MicroStrategy fell $14.31 per share, or more than 10%, to close at $125.93 per share on July 8, 2019, thereby injuring investors further.

If you purchased MicroStrategy securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


© Business Wire 2019
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Financials (USD)
Sales 2019 489 M
EBIT 2019 -
Net income 2019 -
Debt 2019 -
Yield 2019 -
P/E ratio 2019 53,1x
P/E ratio 2020 45,6x
Capi. / Sales2019 2,94x
Capi. / Sales2020 2,75x
Capitalization 1 439 M
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Technical analysis trends MICROSTRATEGY INCORPORATED
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 3
Average target price 166,67  $
Last Close Price 140,51  $
Spread / Highest target 42,3%
Spread / Average Target 18,6%
Spread / Lowest Target 4,62%
EPS Revisions
Managers
NameTitle
Michael J. Saylor Chairman, President & Chief Executive Officer
Phong Q. Le Senior EVP, Chief Operating & Financial Officer
Timothy Edwin Lang Chief Technology Officer & Senior Executive VP
Jarrod M. Patten Independent Director
Carl J. Rickertsen Independent Director
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