Strategy Incorporated (NASDAQ:MSTR - Get Free Report) Director Jarrod M. Patten bought 5,000 shares of the stock in a transaction dated Thursday, June 5th. The stock was bought at an average price of $85.00 per share, with a total value of $425,000.00. Following the purchase, the director now owns 5,000 shares of the company's stock, valued at approximately $425,000. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Strategy Stock Up 4.7%
NASDAQ:MSTR traded up $17.65 on Monday, hitting $392.12. The stock had a trading volume of 10,807,132 shares, compared to its average volume of 18,066,297. The firm's fifty day simple moving average is $355.18 and its two-hundred day simple moving average is $341.67. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. Strategy Incorporated has a 1 year low of $102.40 and a 1 year high of $543.00. The stock has a market cap of $107.21 billion, a P/E ratio of -69.61 and a beta of 3.73.
Strategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The software maker reported ($16.49) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($16.47). The company had revenue of $111.07 million for the quarter, compared to the consensus estimate of $116.66 million. Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%. The business's revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.83) earnings per share.
Analyst Ratings Changes
Several analysts have weighed in on MSTR shares. Monness Crespi & Hardt downgraded 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. Barclays reissued a "hold" rating on shares of Strategy in a research note on Monday, May 19th. Cantor Fitzgerald reissued a "hold" rating on shares of Strategy in a research note on Monday, May 19th. Canaccord Genuity Group reissued a "buy" rating on shares of Strategy in a research note on Monday, May 19th. Finally, UBS Group restated a "buy" rating on shares of Strategy in a report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $514.42.
View Our Latest Report on Strategy
Hedge Funds Weigh In On Strategy
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Maryland State Retirement & Pension System boosted its stake in Strategy by 0.3% during the fourth quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker's stock worth $2,604,000 after acquiring 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 worth $397,000 after buying an additional 30 shares in the last quarter. Oder Investment Management LLC lifted its stake in shares of Strategy by 3.1% in the fourth quarter. Oder Investment Management LLC now owns 1,268 shares of the software maker's stock worth $367,000 after buying an additional 38 shares in the last quarter. Summit Financial LLC lifted its stake in shares of Strategy by 5.3% in the first quarter. Summit Financial LLC now owns 815 shares of the software maker's stock worth $235,000 after buying an additional 41 shares in the last quarter. Finally, Rothschild Investment LLC lifted its stake in shares of Strategy by 2.3% in the first quarter. Rothschild Investment LLC now owns 2,049 shares of the software maker's stock worth $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
(
Get Free Report)
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.
Further Reading
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