MicroStrategy (MSTR)

821,393 LLC • MicroStrategy Holdings • MacroStrategy LLC • Macro1 LLC • MicroStrategy India Private Limited • MicroStrategy Administration Corporation • MicroStrategy International Limited • MicroStrategy Enterprises, Inc. • MicroStrategy International II Limited • MicroStrategy GS Corporation ...

IRS number

510323571

MSTR stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$520.00

Low target

$270.00

High target

$650.00

Latest filings (excl ownership)

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8-K

Regulation FD Disclosure

23 Dec 24

8-K

Departure of Directors or Certain Officers

20 Dec 24

8-K

Regulation FD Disclosure

9 Dec 24

8-K

Regulation FD Disclosure

25 Nov 24

8-K

MicroStrategy Completes $3,000,000,000 Offering of 0% Convertible Senior Notes Due 2029

21 Nov 24

8-K

MicroStrategy Announces Proposed Private Offering of

20 Nov 24

8-K

Regulation FD Disclosure

18 Nov 24

8-K

MicroStrategy Announces BTC and ATM Activity

31 Oct 24

Entry into a Material Definitive Agreement

30 Oct 24

Transcripts

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MSTR

Earnings call transcript

2024 Q3

30 Oct 24

MSTR

Earnings call transcript

2024 Q2

1 Aug 24

MSTR

Earnings call transcript

2024 Q1

29 Apr 24

MSTR

Earnings call transcript

2023 Q4

6 Feb 24

MSTR

Earnings call transcript

2023 Q3

1 Nov 23

MSTR

Earnings call transcript

2023 Q2

1 Aug 23

MSTR

Earnings call transcript

2023 Q2

1 Aug 23

MSTR

Earnings call transcript

2023 Q1

1 May 23

MSTR

Earnings call transcript

2022 Q4

2 Feb 23

MSTR

Earnings call transcript

2022 Q3

1 Nov 22

Latest ownership filings

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STEPHEN X GRAHAM

25 Nov 24

144

Notice of proposed sale of securities

Notice of proposed sale of securities (amended)

14 Nov 24

144/A

Notice of proposed sale of securities (amended)

14 Nov 24

SC 13G

JANE STREET GROUP, LLC

14 Nov 24

STEPHEN X GRAHAM

14 Nov 24

Financial summary

Financial statements Chart MSTR financial data

Quarter (USD)	Sep 24	Mar 24	Dec 23	Sep 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	46.34 mm	46.34 mm	46.34 mm	46.34 mm	46.34 mm	46.34 mm
Cash burn (monthly)	11.66 mm	1.64 mm	159.56 mm	65.59 mm	(no burn)	(no burn)
Cash used (since last report)	32.56 mm	4.57 mm	445.49 mm	183.12 mm	n/a	n/a
Cash remaining	13.79 mm	41.78 mm	-399.15 mm	-136.78 mm	n/a	n/a
Runway (months of cash)	1.2	25.5	-2.5	-2.1	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

MSTR institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	661	596	+10.9%
Opened positions	132	126	+4.8%
Closed positions	67	77	-13.0%
Increased positions	499	216	+131.0%
Reduced positions	3	146	-97.9%

13F shares	Current	Prev Q	Change
Total value	14.77 tn	12.16 tn	+21.5%
Total shares	101.03 mm	10.45 mm	+866.9%
Total puts	57.22 mm	4.56 mm	+1155.6%
Total calls	32.43 mm	2.04 mm	+1488.4%
Total put/call ratio	1.8	2.2	-20.9%

Largest owners	Shares	Value	Change
Capital International Investors	17.53 mm	$2.96 tn	+915.8%
Vanguard	17.45 mm	$2.94 tn	+1025.9%
MS Morgan Stanley	9.60 mm	$1.62 tn	+1126.8%
BLK BlackRock	9.48 mm	$1.60 tn	NEW
Susquehanna Securities	8.37 mm	$2.07 bn	+1280.5%
STT State Street	3.32 mm	$560.20 bn	+970.1%
Geode Capital Management	2.77 mm	$465.57 bn	+990.6%
Susquehanna International	2.75 mm	$464.44 bn	+628.5%
Clear Street Derivatives	1.31 mm	$220.38 mm	NEW
Jane Street	1.06 mm	$177.91 bn	+249.8%

Largest transactions	Shares	Bought/sold	Change
Vanguard	17.45 mm	+15.90 mm	+1025.9%
Capital International Investors	17.53 mm	+15.80 mm	+915.8%
BLK BlackRock	9.48 mm	+9.48 mm	NEW
MS Morgan Stanley	9.60 mm	+8.81 mm	+1126.8%
Susquehanna Securities	8.37 mm	+7.77 mm	+1280.5%
STT State Street	3.32 mm	+3.01 mm	+970.1%
Geode Capital Management	2.77 mm	+2.51 mm	+990.6%
Susquehanna International	2.75 mm	+2.38 mm	+628.5%
Clear Street Derivatives	1.31 mm	+1.31 mm	NEW
LGEN Legal & General	945.13 k	+894.88 k	+1781.0%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

MSTR insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
21 Nov 24	Graham Stephen X	Class A Common Stock	Sell	Dispose S	No	No	453.16	99	44.86 k	6,970
21 Nov 24	Graham Stephen X	Class A Common Stock	Sell	Dispose S	No	No	452.1	8,208	3.71 mm	7,069
21 Nov 24	Graham Stephen X	Class A Common Stock	Sell	Dispose S	No	No	451.39	7,920	3.58 mm	15,277
21 Nov 24	Graham Stephen X	Class A Common Stock	Sell	Dispose S	No	No	449.66	3,773	1.70 mm	23,197
21 Nov 24	Graham Stephen X	Class A Common Stock	Option exercise	Acquire M	No	No	18.236	20,000	364.72 k	26,970
21 Nov 24	Graham Stephen X	Director Stock Option Class A Common Stock	Option exercise	Dispose M	No	No	18.236	20,000	364.72 k	0
18 Nov 24	Jeanine Montgomery	Class A Common Stock	Sell	Dispose S	No	Yes	359.56	46	16.54 k	6,472
18 Nov 24	Jeanine Montgomery	Class A Common Stock	Option exercise	Acquire M	No	No	0	100	0.00	6,518
18 Nov 24	Jeanine Montgomery	RSU Class A Common Stock	Option exercise	Dispose M	No	No	0	46	0.00	100
14 Nov 24	Jeanine Montgomery	Class A Common Stock	Sell	Dispose S	No	Yes	322.45	752	242.48 k	6,418