Insider Selling: Strategy Incorporated (NASDAQ:MSTR) Director Sells 650 Shares of Stock

Strategy Incorporated (NASDAQ:MSTR - Get Free Report) Director Jarrod M. Patten sold 650 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $371.23, for a total value of $241,299.50. Following the completion of the sale, the director now owns 21,770 shares of the company's stock, valued at approximately $8,081,677.10. This trade represents a 2.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Strategy Trading Down 1.5%

NASDAQ:MSTR traded down $5.51 during mid-day trading on Friday, hitting $365.12. The company had a trading volume of 6,373,356 shares, compared to its average volume of 18,115,313. 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 fifty-two week low of $102.40 and a fifty-two week high of $543.00. The firm has a market cap of $99.82 billion, a P/E ratio of -64.76 and a beta of 3.79. The business's fifty day moving average is $347.85 and its two-hundred day moving average is $342.36.

Strategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The software maker reported ($16.49) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($16.47). Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%. The firm had revenue of $111.07 million for the quarter, compared to the consensus estimate of $116.66 million. During the same period in the previous year, the business earned ($0.83) EPS. The firm's revenue was down 3.6% compared to the same quarter last year.

Analysts Set New Price Targets

A number of brokerages have weighed in on MSTR. Cantor Fitzgerald reaffirmed a "hold" rating on shares of Strategy in a research note on Monday, May 19th. BTIG Research reissued a "buy" rating on shares of Strategy in a report on Wednesday, May 14th. Maxim Group upped their price objective on Strategy from $480.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Barclays reiterated a "hold" rating on shares of Strategy in a research report on Monday, May 19th. Finally, Monness Crespi & Hardt downgraded Strategy from a "neutral" rating to a "sell" rating and set a $220.00 target price for the company. in a research report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Strategy has an average rating of "Moderate Buy" and a consensus target price of $514.42.

Hedge Funds Weigh In On Strategy

Institutional investors and hedge funds have recently made changes to their positions in the company. Proficio Capital Partners LLC acquired a new position in Strategy in the fourth quarter valued at about $81,783,000. Clarity Capital Partners LLC lifted its holdings in shares of Strategy by 122.3% during the 4th 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 in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Strategy by 14.7% in the 4th 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 position in shares of Strategy in the 4th quarter valued at approximately $850,000. Finally, Crew Capital Management Ltd. bought a new stake in Strategy during the 4th quarter worth approximately $333,000. Institutional investors and hedge funds 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.