Strategy Incorporated (NASDAQ:MSTR) Director Sells $434,500.00 in Stock

Strategy Incorporated (NASDAQ:MSTR) Director Jarrod M. Patten sold 1,100 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $395.00, for a total value of $434,500.00. Following the transaction, the director now directly owns 9,170 shares in the company, valued at approximately $3,622,150. This represents a 10.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Strategy Price Performance

Shares of MSTR stock opened at $415.93 on Monday. The stock has a 50 day moving average of $318.40 and a two-hundred day moving average of $329.95. 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. The company has a market capitalization of $107.04 billion, a P/E ratio of -73.84 and a beta of 3.79.

Strategy (NASDAQ:MSTR) last announced 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). Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%. The firm had revenue of $111.07 million during the quarter, compared to the consensus estimate of $116.66 million. During the same quarter in the prior year, the business posted ($0.83) EPS. Strategy’s revenue was down 3.6% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MSTR shares. Compass Point raised Strategy to a “strong-buy” rating in a report on Wednesday, January 29th. Barclays increased their price objective on Strategy from $421.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, May 5th. Mizuho initiated coverage on Strategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 target price on the stock. Benchmark reaffirmed a “buy” rating and issued a $650.00 target price on shares of Strategy in a report on Tuesday, January 14th. Finally, Maxim Group raised their target price on Strategy from $480.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, February 6th. 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $514.42.

Institutional Trading of Strategy

Hedge funds have recently modified their holdings of the company. Franklin Resources Inc. lifted its position in shares of Strategy by 3.3% during the 3rd quarter. Franklin Resources Inc. now owns 4,248 shares of the software maker’s stock worth $716,000 after buying an additional 135 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in shares of Strategy during the 3rd quarter worth approximately $254,000. GAMMA Investing LLC lifted its position in shares of Strategy by 56.5% during the 4th quarter. GAMMA Investing LLC now owns 562 shares of the software maker’s stock worth $163,000 after buying an additional 203 shares during the period. Nordea Investment Management AB lifted its position in shares of Strategy by 28.9% during the 4th quarter. Nordea Investment Management AB now owns 14,505 shares of the software maker’s stock worth $4,395,000 after buying an additional 3,255 shares during the period. Finally, CWA Asset Management Group LLC bought a new position in shares of Strategy during the 4th quarter worth approximately $417,000. Institutional investors own 59.84% of the company’s stock.

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.