Investigation Overview
An investigation on behalf of investors of MicroStrategy Incorporated (NASDAQ: MSTR) shares over potential securities laws violations by MicroStrategy and certain of its directors and officers in connection with certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of MicroStrategy Incorporated (NASDAQ: MSTR) concerning whether a series of statements by MicroStrategy regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Tysons, Corner, VA based MicroStrategy Incorporated provides enterprise software platforms worldwide. MicroStrategy Incorporated reported that its annual Total Revenue declined from $504.54 million in 2017 to $497.63 million in 2018 and that its Net Income increased from $17.64 million in 2017 to $22.5 million in 2018.
Shares of MicroStrategy Incorporated (NASDAQ: MSTR) declined from $204.22 per share in early 2017 to as low as $116.27 per share in late 2018.
On February 1, 2019, NASDAQ: MSTR shares closed at $128..04 per share.