Insider Buying: Strategy Incorporated (NASDAQ:MSTR) Director Buys 10,000 Shares of Stock

Strategy Incorporated (NASDAQ:MSTR - Get Free Report) Director Jarrod M. Patten acquired 10,000 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was acquired at an average cost of $101.38 per share, for a total transaction of $1,013,800.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at $1,013,800. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Strategy Stock Down 1.6%

Strategy stock traded down $5.84 during midday trading on Friday, reaching $364.79. The company's stock had a trading volume of 12,537,663 shares, compared to its average volume of 18,152,771. The stock's 50-day simple moving average is $348.31 and its 200-day simple moving average is $342.42. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. Strategy Incorporated has a 52-week low of $102.40 and a 52-week high of $543.00. The stock has a market capitalization of $99.73 billion, a P/E ratio of -64.76 and a beta of 3.79.

Strategy (NASDAQ:MSTR - Get Free Report) 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 business had revenue of $111.07 million during the quarter, compared to analysts' expectations of $116.66 million. During the same quarter last year, the business posted ($0.83) earnings per share. The company's quarterly revenue was down 3.6% compared to the same quarter last year.

Institutional Investors Weigh In On Strategy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Proficio Capital Partners LLC purchased a new position in Strategy during the fourth quarter valued at approximately $81,783,000. Clarity Capital Partners LLC grew its holdings in Strategy by 122.3% in the fourth quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker's stock valued at $7,274,000 after purchasing an additional 13,817 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Strategy by 14.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker's stock valued at $220,626,000 after purchasing an additional 97,515 shares during the period. Chung Wu Investment Group LLC acquired a new stake in Strategy in the fourth quarter valued at approximately $850,000. Finally, Crew Capital Management Ltd. acquired a new stake in Strategy in the fourth quarter valued at approximately $333,000. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on MSTR shares. BTIG Research reissued a "buy" rating on shares of Strategy in a research report on Wednesday, May 14th. Cantor Fitzgerald reissued a "hold" rating on shares of Strategy in a research report on Monday, May 19th. UBS Group reaffirmed a "buy" rating on shares of Strategy in a research report on Friday, May 16th. Monness Crespi & Hardt downgraded Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price objective on the stock. in a research report on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods initiated coverage on Strategy in a research report on Friday, February 7th. They set an "outperform" rating and a $560.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Strategy presently has an average rating of "Moderate Buy" and a consensus price target of $514.42.

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.