|Bid||0.00 x 800|
|Ask||151.50 x 2900|
|Day's Range||149.90 - 153.14|
|52 Week Range||92.57 - 177.74|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||0.25%|
|Beta (5Y Monthly)||1.23|
|Expense Ratio (net)||0.35%|
Shares of MicroStrategy Inc. surged 6.6% in premarket trading Monday after the enterprise software and bitcoin holder disclosed that on Monday, it paid $15 million in cash to buy about 328 bitcoins. The company said it paid an average price of about $45,710 per bitcoin, including fees and expenses. Bitcoin was recently up 7.1% at $48,360 in early trading Monday. As of March 1, MicroStrategy said it has paid out $2.19 billion to buy about 90,859 bitcoins, at an average purchase price of about $24,063 per bitcoin. MicroStrategy's stock has soared 131.6% over the past three months through Friday, while bitcoin has run up 156.3%, the SPDR S&P Software & Services ETF has advanced 15.1% and the S&P 500 has gained 4.1%.
Shares of SolarWinds Corp. rallied 2.9% in premarket trading Thursday, after the network-management software company, which was a victim by a massive hacking campaign in December, reported fourth-quarter profit and revenue that rose above expectations, but provided a downbeat first-quarter outlook. Net income rose to $132.0 million, or 42 cents a share, from $13.1 million, or 4 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share increased to 26 cents from 24 cents, topping the FactSet consensus of 25 cents. Total revenue grew 7.2% to $265.3 million, beating the FactSet consensus of $259.5 million, as both subscription and maintenance revenue rose above forecasts. For the first quarter, the company expects adjusted EPS of 19 cents to 20 cents, below the current FactSet consensus of 22 cents. "The sophisticated cyberattack on us and our customers at the end of the fourth quarter has taught us a great deal about the resiliency of our business, the commitment of our employees, and the support we can expect from our customers and partners," said Chief Executive Sudhakar Ramakrishna. The stock has tumbled 30.1% over the past three months through Wednesday, while the SPDR S&P Software & Services ETF has rallied 21.6% and the S&P 500 has gained 8.2%.
Shares of Palantir Technologies Inc. sank 7.0% on heavy volume toward a sixth straight loss in morning trading Thursday, putting them on track to suffer their longest losing streak since going public, as the expiration of the lockup period puts all of the outstanding shares available to trade. Trading volume spiked to 165.4 million shares, already nearly triple the full-day average of 66.2 million shares over the past 30 days, and enough to make the big-data software company's stock the most actively traded on major U.S. exchanges. The stock has tumbled 34.0% during its losing streak, and has now dropped 35.4% since closing at a record $39.00 on Jan. 27. Helping fuel the declines are investor concerns about the lock up expiry, and a disappointing fourth-quarter report earlier this week, in which the company reported a surprise loss, although revenue rose more than forecast. The company had roughly 1.6 billion shares outstanding when it went public, but less than 500 million shares were permitted to be sold at the time. Despite the recent selloff, the stock, which went public on Sept. 30, has still rallied 40.7% over the past 30 days, while the Renaissance IPO ETF has climbed 28.5%, the SPDR S&P Software and Services ETF has hiked up 31.2% and the S&P 500 has gained 9.3%.