Strategy Incorporated (NASDAQ:MSTR) Director Jarrod M. Patten Sells 7,150 Shares

Strategy Incorporated (NASDAQ:MSTR - Get Free Report) Director Jarrod M. Patten sold 7,150 shares of Strategy stock in a transaction on Friday, May 30th. The stock was sold at an average price of $365.77, for a total transaction of $2,615,255.50. Following the sale, the director now owns 27,020 shares in the company, valued at $9,883,105.40. This represents a 20.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Strategy Price Performance

Shares of NASDAQ:MSTR traded up $15.16 on Tuesday, reaching $387.43. 11,309,617 shares of the company were exchanged, compared to its average volume of 18,069,533. The company has a 50-day moving average of $349.17 and a 200-day moving average of $342.84. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The firm has a market cap of $105.92 billion, a price-to-earnings ratio of -68.78 and a beta of 3.79. Strategy Incorporated has a 1-year low of $102.40 and a 1-year high of $543.00.

Strategy (NASDAQ:MSTR - Get Free Report) last issued its earnings results 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). The company had revenue of $111.07 million for 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 quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.83) earnings per share.

Hedge Funds Weigh In On Strategy

Several hedge funds have recently bought and sold shares of the company. Strs Ohio acquired a new stake in Strategy in the first quarter valued at $905,000. Titleist Asset Management LLC grew its stake in 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 acquiring an additional 13,337 shares during the last quarter. Gordian Capital Singapore Pte Ltd grew its stake in Strategy by 11.0% in the 1st quarter. Gordian Capital Singapore Pte Ltd now owns 1,010 shares of the software maker's stock valued at $292,000 after acquiring an additional 100 shares during the last quarter. Wealth Preservation Advisors LLC purchased a new position in Strategy during the 1st quarter valued at about $375,000. Finally, Corebridge Financial Inc. raised its position 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 during the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MSTR has been the topic of several research reports. Cantor Fitzgerald reissued a "hold" rating on shares of Strategy in a research report on Monday, May 19th. BTIG Research reaffirmed a "buy" rating on shares of Strategy in a research report on Wednesday, May 14th. Maxim Group lifted their target price on Strategy from $480.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. UBS Group restated a "buy" rating on shares of Strategy in a research note on Friday, May 16th. Finally, Monness Crespi & Hardt lowered shares of 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. One analyst has rated the stock with a sell rating, two have assigned 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.com, Strategy presently has an average rating of "Moderate Buy" and an average 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.