Strategy (NASDAQ:MSTR) Trading Down 1% on Insider Selling

Strategy Incorporated (NASDAQ:MSTR) shares dropped 1% during trading on Wednesday after an insider sold shares in the company. The company traded as low as $415.36 and last traded at $417.38. Approximately 4,469,708 shares traded hands during trading, a decline of 75% from the average daily volume of 18,063,672 shares. The stock had previously closed at $421.61.

Specifically, Director Jarrod M. Patten sold 1,100 shares of the company’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $427.00, for a total value of $469,700.00. Following the transaction, the director now directly owns 9,170 shares in the company, valued at $3,915,590. The trade was a 10.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jarrod M. Patten sold 1,100 shares of Strategy 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 sale, the director now directly owns 9,170 shares of the company’s stock, valued at $3,622,150. This represents a 10.71% decrease in their position. The disclosure for this sale can be found here.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MSTR. Maxim Group increased their price target on shares of Strategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Mizuho began coverage on Strategy in a report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price target for the company. Barclays raised their price objective on Strategy from $421.00 to $475.00 and gave the company an “overweight” rating in a research note on Monday, May 5th. Compass Point upgraded shares of Strategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods assumed coverage on shares of Strategy in a research report on Friday, February 7th. They issued an “outperform” rating and a $560.00 target price on the stock. One research analyst has rated the stock with a sell rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $514.42.

Strategy Stock Down 1.2%

The stock has a fifty day simple moving average of $325.27 and a two-hundred day simple moving average of $332.36. The firm has a market cap of $113.94 billion, a PE ratio of -73.98 and a beta of 3.79. 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 (NASDAQ:MSTR) last released its quarterly 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 net margin of 251.73% and a negative return on equity of 19.01%. The firm had revenue of $111.07 million for the quarter, compared to analysts’ expectations of $116.66 million. During the same quarter last year, the firm earned ($0.83) earnings per share. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis.

Hedge Funds Weigh In On Strategy

Institutional investors and hedge funds have recently made changes to their positions in the business. Maryland State Retirement & Pension System increased its stake in Strategy by 0.3% in 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 during the period. Family Management Corp grew its holdings 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 worth $397,000 after purchasing an additional 30 shares during the last quarter. GPS Wealth Strategies Group LLC raised its holdings in Strategy by 3.2% during the 4th 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 last quarter. Oder Investment Management LLC grew its holdings in 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 acquiring an additional 38 shares during the last quarter. Finally, Summit Financial LLC grew its holdings in Strategy by 5.3% in the 1st quarter. Summit Financial LLC now owns 815 shares of the software maker’s stock worth $235,000 after acquiring an additional 41 shares during the last quarter. 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.