Strategy (NASDAQ:MSTR) Stock Price Down 2.4% – Here’s What Happened

Strategy Incorporated (NASDAQ:MSTR) was down 2.4% on Monday . The company traded as low as $359.35 and last traded at $359.95. Approximately 4,419,574 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 18,042,405 shares. The stock had previously closed at $368.71.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MSTR. Compass Point raised shares of Strategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Cantor Fitzgerald upped their target price on Strategy from $613.00 to $619.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Mizuho assumed coverage on shares of Strategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 target price for the company. Keefe, Bruyette & Woods began coverage on shares of Strategy in a research report on Friday, February 7th. They issued an “outperform” rating and a $560.00 price target for the company. Finally, Canaccord Genuity Group cut their target price on shares of Strategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $508.09.

Strategy Stock Performance

The stock has a market capitalization of $93.16 billion, a P/E ratio of -64.23 and a beta of 3.46. The firm has a 50-day moving average of $295.57 and a 200 day moving average of $317.35. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39.

Strategy (NASDAQ:MSTR) last posted its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Insider Activity at Strategy

In related news, CFO Andrew Kang bought 1,500 shares of the business’s stock in a transaction on Thursday, March 20th. The shares were purchased at an average price of $85.00 per share, for a total transaction of $127,500.00. Following the completion of the transaction, the chief financial officer now directly owns 1,500 shares of the company’s stock, valued at approximately $127,500. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Phong Le purchased 6,000 shares of the company’s stock in a transaction dated Thursday, March 20th. The stock was purchased at an average price of $85.00 per share, for a total transaction of $510,000.00. Following the transaction, the chief executive officer now directly owns 6,000 shares in the company, valued at approximately $510,000. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 8,000 shares of company stock worth $680,000 and sold 34,698 shares worth $11,403,343. 9.16% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Strategy

Institutional investors have recently added to or reduced their stakes in the business. Riverview Trust Co bought a new position in Strategy in the fourth quarter valued at $25,000. IAG Wealth Partners LLC purchased a new stake in shares of Strategy in the 4th quarter valued at $25,000. Quadrant Capital Group LLC raised its position in Strategy by 855.6% in the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock worth $25,000 after purchasing an additional 77 shares during the period. Dunhill Financial LLC bought a new stake in Strategy in the fourth quarter worth $26,000. Finally, Parkside Financial Bank & Trust boosted its position in Strategy by 422.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock valued at $27,000 after buying an additional 76 shares during the period. 59.84% of the stock is currently owned by institutional investors.

Strategy Company Profile

Strategy Incorporated, formerly known as MicroStrategy, provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers Strategy ONE, a platform that allows non-technical users to access novel and actionable insights for decision-making, and Strategy Cloud for Government, which provides always-on threat monitoring designed to meet the strict technical and regulatory standards of governments and financial institutions.