Strategy Incorporated (NASDAQ:MSTR) Director Buys $425,000.00 in Stock

Strategy Incorporated (NASDAQ:MSTR) Director Jarrod M. Patten acquired 5,000 shares of the firm’s stock in a transaction on Thursday, June 5th. The shares were bought at an average cost of $85.00 per share, with a total value of $425,000.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at $425,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Strategy Price Performance

MSTR stock opened at $391.18 on Wednesday. The firm has a 50 day moving average of $358.95 and a 200-day moving average of $341.80. The company has a market cap of $106.95 billion, a price-to-earnings ratio of -69.44 and a beta of 3.73. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. Strategy Incorporated has a 12-month low of $102.40 and a 12-month high of $543.00.

Strategy (NASDAQ:MSTR) last issued its quarterly earnings data 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). The firm had revenue of $111.07 million for the quarter, compared to analyst estimates of $116.66 million. Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.83) earnings per share.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new stake in Strategy in the 4th quarter valued at about $523,981,000. Amundi lifted its holdings in shares of Strategy by 262.8% in the fourth quarter. Amundi now owns 570,217 shares of the software maker’s stock valued at $165,146,000 after purchasing an additional 413,028 shares in the last quarter. First Trust Advisors LP grew its position in shares of Strategy by 266.1% in the fourth quarter. First Trust Advisors LP now owns 417,574 shares of the software maker’s stock valued at $120,938,000 after purchasing an additional 303,517 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Strategy during the 4th quarter worth approximately $81,783,000. Finally, Geode Capital Management LLC raised its position in shares of Strategy by 10.2% during the 4th quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker’s stock worth $881,470,000 after purchasing an additional 281,342 shares during the last quarter. Institutional investors and hedge funds own 59.84% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on MSTR. Canaccord Genuity Group restated a “buy” rating on shares of Strategy in a research note on Monday, May 19th. BTIG Research reissued a “buy” rating on shares of Strategy in a research note on Wednesday, May 14th. Cantor Fitzgerald restated a “hold” rating on shares of Strategy in a research note on Monday, May 19th. Barclays reiterated a “hold” rating on shares of Strategy in a research note on Monday, May 19th. Finally, UBS Group restated a “buy” rating on shares of Strategy in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $514.42.

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.