MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock (NASDAQ:STRK) Stock Price Down 0.7% – Here’s Why

MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock (NASDAQ:STRK) was down 0.7% during mid-day trading on Friday . The stock traded as low as $85.51 and last traded at $86.14. Approximately 130,378 shares changed hands during mid-day trading, a decline of 12% from the average daily volume of 148,031 shares. The stock had previously closed at $86.76.

MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock Trading Down 0.7%

The company’s 50-day moving average is $83.51 and its two-hundred day moving average is $94.96.

MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock (NASDAQ:STRK) last released its quarterly earnings data on Tuesday, February 1st. The company reported $0.13 earnings per share (EPS) for the quarter. The business had revenue of $131.32 million during the quarter.

MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were given a dividend of $2.00 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $8.00 annualized dividend and a dividend yield of 9.3%.

Hedge Funds Weigh In On MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock

A number of hedge funds have recently bought and sold shares of STRK. Farther Finance Advisors LLC purchased a new stake in shares of MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock during the 2nd quarter valued at about $38,000. Hartline Investment Corp raised its holdings in shares of MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock by 559.0% during the second quarter. Hartline Investment Corp now owns 69,619 shares of the company’s stock valued at $8,425,000 after purchasing an additional 59,055 shares during the last quarter. Fiduciary Alliance LLC bought a new position in MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock during the second quarter valued at approximately $269,000. King Wealth Management Group purchased a new stake in MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock in the second quarter worth approximately $261,000. Finally, ORG Wealth Partners LLC purchased a new stake in MicroStrategy Incorporated – 8.00% Series A Perpetual Strike Preferred Stock in the third quarter worth approximately $86,000.

MicroStrategy Incorporated is a global leader in enterprise analytics and business intelligence software. The company develops and markets a comprehensive analytics platform that enables organizations to visualize and analyze data from multiple sources, build interactive dashboards, and deliver insights through web and mobile applications. Its product suite includes on-premise and cloud-based offerings, designed to support large-scale deployments across a wide range of industries, from financial services and healthcare to retail and manufacturing.

Founded in 1989 by Chairman and co-founder Michael Saylor and co-founder Sanju Bansal, MicroStrategy has grown from a boutique software startup into an established public company.