Strategy Incorporated (NASDAQ:MSTR) Director Carl J. Rickertsen Sells 26,390 Shares

Strategy Incorporated (NASDAQ:MSTR - Get Free Report) Director Carl J. Rickertsen sold 26,390 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $372.40, for a total transaction of $9,827,636.00. Following the completion of the sale, the director now directly owns 980 shares of the company's stock, valued at approximately $364,952. This trade represents a 96.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Carl J. Rickertsen also recently made the following trade(s):

• On Tuesday, June 3rd, Carl J. Rickertsen sold 980 shares of Strategy stock. The stock was sold at an average price of $379.07, for a total transaction of $371,488.60.

Strategy Trading Down 2.5%

MSTR traded down $9.31 during mid-day trading on Thursday, reaching $368.79. The stock had a trading volume of 11,832,540 shares, compared to its average volume of 18,053,213. The firm's fifty day simple moving average is $352.20 and its two-hundred day simple moving average is $343.39. The stock has a market capitalization of $100.83 billion, a P/E ratio of -65.47 and a beta of 3.79. Strategy Incorporated has a 52 week low of $102.40 and a 52 week high of $543.00. 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 (NASDAQ:MSTR - Get Free Report) last issued its earnings results on Thursday, May 1st. The software maker reported ($16.49) EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $116.66 million. During the same quarter in the previous year, the firm posted ($0.83) EPS. The business's revenue was down 3.6% on a year-over-year basis.

Institutional Trading of Strategy

A number of hedge funds have recently modified their holdings of the company. Strs Ohio bought a new stake in Strategy in the first quarter valued at approximately $905,000. Titleist Asset Management LLC increased its position in shares of Strategy by 208.9% in the 1st quarter. Titleist Asset Management LLC now owns 19,720 shares of the software maker's stock valued at $5,685,000 after buying an additional 13,337 shares in the last quarter. Gordian Capital Singapore Pte Ltd raised its stake in Strategy by 11.0% during the 1st quarter. Gordian Capital Singapore Pte Ltd now owns 1,010 shares of the software maker's stock worth $292,000 after buying an additional 100 shares during the period. Wealth Preservation Advisors LLC acquired a new stake in Strategy during the 1st quarter worth $375,000. Finally, Corebridge Financial Inc. lifted its holdings in Strategy by 26.8% during the first quarter. Corebridge Financial Inc. now owns 16,691 shares of the software maker's stock worth $4,812,000 after acquiring an additional 3,527 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MSTR has been the subject of a number of analyst reports. Cantor Fitzgerald restated a "hold" rating on shares of Strategy in a research note on Monday, May 19th. Barclays restated a "hold" rating on shares of Strategy in a research report on Monday, May 19th. Monness Crespi & Hardt cut Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price target on the stock. in a research report on Tuesday, April 1st. HC Wainwright assumed coverage on Strategy in a report on Tuesday, April 29th. They set a "buy" rating and a $480.00 price objective for the company. Finally, BTIG Research reaffirmed a "buy" rating on shares of Strategy in a report on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price 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.