Andrew Kang Sells 1,877 Shares of Strategy Incorporated (NASDAQ:MSTR) Stock

Strategy Incorporated (NASDAQ:MSTR - Get Free Report) CFO Andrew Kang sold 1,877 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $374.54, for a total value of $703,011.58. Following the completion of the transaction, the chief financial officer now directly owns 24,460 shares in the company, valued at $9,161,248.40. The trade was a 7.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Andrew Kang also recently made the following trade(s):

• On Thursday, June 5th, Andrew Kang acquired 2,250 shares of Strategy stock. The shares were acquired at an average cost of $85.00 per share, for a total transaction of $191,250.00.
• On Tuesday, May 20th, Andrew Kang sold 5,638 shares of Strategy stock. The shares were sold at an average price of $410.22, for a total value of $2,312,820.36.
• On Monday, March 24th, Andrew Kang sold 2,185 shares of Strategy stock. The stock was sold at an average price of $329.26, for a total transaction of $719,433.10.
• On Thursday, March 20th, Andrew Kang acquired 1,500 shares of Strategy stock. The shares were bought at an average price of $85.00 per share, for a total transaction of $127,500.00.

Strategy Stock Performance

Strategy stock traded up $17.65 during mid-day trading on Monday, hitting $392.12. 10,807,132 shares of the company's stock traded hands, compared to its average volume of 18,066,297. The firm has a 50 day moving average price of $355.18 and a 200 day moving average price of $341.67. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The company has a market cap of $107.21 billion, a PE ratio of -69.61 and a beta of 3.73. Strategy Incorporated has a one year low of $102.40 and a one year high of $543.00.

Strategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($16.47). The company had revenue of $111.07 million during 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 company's revenue was down 3.6% compared to the same quarter last year. During the same period last year, the company posted ($0.83) earnings per share.

Institutional Investors Weigh In On Strategy

Hedge funds have recently bought and sold shares of the company. Riverview Trust Co bought a new stake in Strategy during the fourth quarter valued at about $25,000. IAG Wealth Partners LLC bought a new stake in Strategy during the fourth quarter valued at about $25,000. Quadrant Capital Group LLC boosted its holdings in Strategy by 855.6% during the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock valued at $25,000 after acquiring an additional 77 shares during the period. Dunhill Financial LLC bought a new stake in Strategy during the fourth quarter valued at about $26,000. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Strategy by 422.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker's stock valued at $27,000 after buying an additional 76 shares during the period. 59.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on MSTR. Monness Crespi & Hardt cut shares of Strategy from a "neutral" rating to a "sell" rating and set a $220.00 target price on the stock. in a research note on Tuesday, April 1st. Canaccord Genuity Group reiterated a "buy" rating on shares of Strategy in a research report on Monday, May 19th. HC Wainwright started 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. BTIG Research reiterated a "buy" rating on shares of Strategy in a report on Wednesday, May 14th. Finally, UBS Group restated a "buy" rating on shares of Strategy in a report on Friday, May 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Strategy has an average rating of "Moderate Buy" and a consensus 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.

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