Insider Selling: Strategy Incorporated (NASDAQ:MSTR) Director Sells 1,200 Shares of Stock

Strategy Incorporated (NASDAQ:MSTR) Director Jarrod M. Patten sold 1,200 shares of the business’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $384.92, for a total transaction of $461,904.00. Following the completion of the transaction, the director now owns 9,170 shares in the company, valued at approximately $3,529,716.40. The trade was a 11.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Strategy Stock Performance

Shares of MSTR opened at $392.48 on Thursday. Strategy Incorporated has a one year low of $102.40 and a one year high of $543.00. The firm has a market capitalization of $101.01 billion, a P/E ratio of -69.68 and a beta of 3.79. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The business has a fifty day moving average of $312.32 and a 200 day moving average of $325.80.

Strategy (NASDAQ:MSTR) last released its quarterly earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($16.47). Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%. The company had revenue of $111.07 million for the quarter, compared to the consensus estimate of $116.66 million. During the same period in the prior year, the firm posted ($0.83) EPS. The business’s revenue for the quarter was down 3.6% on a year-over-year basis.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Mizuho assumed coverage on shares of Strategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective for the company. Maxim Group boosted their target price on Strategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Barclays lifted their price target on Strategy from $421.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday. Keefe, Bruyette & Woods assumed coverage on shares of Strategy in a research note on Friday, February 7th. They issued an “outperform” rating and a $560.00 price target for the company. Finally, Benchmark reissued a “buy” rating and set a $650.00 price objective on shares of Strategy in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $514.42.

Hedge Funds Weigh In On Strategy

Large investors have recently made changes to their positions in the business. Maryland State Retirement & Pension System grew its stake in Strategy by 0.3% during the fourth quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker’s stock valued at $2,604,000 after acquiring an additional 30 shares in the last quarter. Family Management Corp boosted its stake in shares of Strategy by 2.2% during the 4th quarter. Family Management Corp now owns 1,370 shares of the software maker’s stock worth $397,000 after purchasing an additional 30 shares during the period. GPS Wealth Strategies Group LLC boosted its position in shares of Strategy by 3.2% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock valued at $324,000 after buying an additional 35 shares during the period. Oder Investment Management LLC lifted its holdings in shares of Strategy by 3.1% in the 4th quarter. Oder Investment Management LLC now owns 1,268 shares of the software maker’s stock worth $367,000 after buying an additional 38 shares during the period. Finally, Versant Capital Management Inc increased its stake in shares of Strategy by 38.2% during the fourth quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock valued at $41,000 after buying an additional 39 shares during the period. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

About Strategy

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.