Phong Le Sells 5,295 Shares of Strategy Incorporated (NASDAQ:MSTR) Stock

Strategy Incorporated (NASDAQ:MSTR) CEO Phong Le sold 5,295 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $374.54, for a total transaction of $1,983,189.30. Following the completion of the transaction, the chief executive officer now owns 24,790 shares in the company, valued at $9,284,846.60. This trade represents a 17.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Phong Le also recently made the following trade(s):

• On Thursday, June 5th, Phong Le acquired 4,500 shares of Strategy stock. The shares were bought at an average price of $85.00 per share, for a total transaction of $382,500.00.
• On Monday, March 24th, Phong Le sold 3,281 shares of Strategy stock. The stock was sold at an average price of $329.26, for a total transaction of $1,080,302.06.
• On Thursday, March 20th, Phong Le bought 6,000 shares of Strategy stock. The shares were bought at an average cost of $85.00 per share, with a total value of $510,000.00.

Strategy Price Performance

NASDAQ MSTR traded up $17.65 during trading on Monday, reaching $392.12. 10,807,132 shares of the company traded hands, compared to its average volume of 18,066,297. The company has a market cap of $107.21 billion, a price-to-earnings ratio of -69.61 and a beta of 3.73. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. Strategy Incorporated has a 1-year low of $102.40 and a 1-year high of $543.00. The stock’s 50 day moving average price is $355.18 and its two-hundred day moving average price is $341.67.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Proficio Capital Partners LLC bought a new position in Strategy in the fourth quarter valued at approximately $81,783,000. Clarity Capital Partners LLC lifted its holdings in shares of Strategy by 122.3% during the fourth quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker’s stock worth $7,274,000 after purchasing an additional 13,817 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Strategy by 14.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker’s stock worth $220,626,000 after purchasing an additional 97,515 shares during the period. Chung Wu Investment Group LLC bought a new position in Strategy during the fourth quarter worth $850,000. Finally, Crew Capital Management Ltd. bought a new position in Strategy during the fourth quarter worth $333,000. 59.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on MSTR shares. BTIG Research reiterated a “buy” rating on shares of Strategy in a report on Wednesday, May 14th. Monness Crespi & Hardt lowered Strategy from a “neutral” rating to a “sell” rating and set a $220.00 price objective on the stock. in a report on Tuesday, April 1st. Cantor Fitzgerald reaffirmed a “hold” rating on shares of Strategy in a research note on Monday, May 19th. Barclays reissued a “hold” rating on shares of Strategy in a research report on Monday, May 19th. Finally, HC Wainwright assumed coverage on Strategy in a research report on Tuesday, April 29th. They set a “buy” rating and a $480.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $514.42.

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.