Strategy Sees Unusually Large Options Volume (NASDAQ:MSTR)

Strategy Incorporated (NASDAQ:MSTR) was the target of unusually large options trading activity on Friday. Stock traders acquired 764,660 call options on the company. This is an increase of 31% compared to the typical daily volume of 581,731 call options.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Cantor Fitzgerald lowered their price objective on Strategy from $619.00 to $614.00 and set an “overweight” rating for the company in a research report on Monday, May 5th. Canaccord Genuity Group raised their price objective on Strategy from $409.00 to $464.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Barclays upped their target price on shares of Strategy from $421.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday, May 5th. Mizuho started coverage on shares of Strategy in a research report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price target for the company. Finally, HC Wainwright began coverage on shares of Strategy in a report on Tuesday, April 29th. They issued a “buy” rating and a $480.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $514.42.

Strategy Stock Up 0.4 %

Shares of NASDAQ:MSTR opened at $415.93 on Friday. 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 has a fifty-two week low of $102.40 and a fifty-two week high of $543.00. The stock has a market cap of $107.04 billion, a price-to-earnings ratio of -73.84 and a beta of 3.79. The firm’s 50 day moving average price is $318.40 and its 200 day moving average price is $328.50.

Strategy (NASDAQ:MSTR) last issued its earnings results 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 for the quarter, compared to analyst estimates of $116.66 million. During the same quarter in the previous year, the firm posted ($0.83) EPS. The business’s revenue for the quarter was down 3.6% on a year-over-year basis.

Insiders Place Their Bets

In other Strategy news, Director Jarrod M. Patten sold 1,100 shares of the firm’s stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $395.00, for a total value of $434,500.00. Following the completion of the sale, the director now directly owns 9,170 shares of the company’s stock, valued at $3,622,150. This trade represents a 10.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Wei-Ming Shao purchased 500 shares of Strategy stock in a transaction dated Thursday, March 20th. The shares were bought at an average price of $85.00 per share, for a total transaction of $42,500.00. Following the acquisition, the executive vice president now owns 500 shares in the company, valued at approximately $42,500. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 8,000 shares of company stock valued at $680,000 and have sold 40,098 shares valued at $13,432,270. Corporate insiders own 9.16% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Maryland State Retirement & Pension System boosted its position in shares of Strategy by 0.3% during the 4th quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker’s stock worth $2,604,000 after purchasing an additional 30 shares in the last quarter. Family Management Corp lifted its stake in shares of Strategy by 2.2% in the fourth quarter. Family Management Corp now owns 1,370 shares of the software maker’s stock valued at $397,000 after purchasing an additional 30 shares during the period. GPS Wealth Strategies Group LLC boosted its holdings in Strategy by 3.2% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock worth $324,000 after buying an additional 35 shares in the last quarter. Oder Investment Management LLC increased its holdings in Strategy by 3.1% in the fourth quarter. Oder Investment Management LLC now owns 1,268 shares of the software maker’s stock valued at $367,000 after buying an additional 38 shares in the last quarter. Finally, Rothschild Investment LLC increased its holdings in Strategy by 2.3% in the first quarter. Rothschild Investment LLC now owns 2,049 shares of the software maker’s stock valued at $591,000 after buying an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 59.84% of the company’s stock.

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.