Strategy (NASDAQ:MSTR) Stock Price Down 1.1% - Here's What Happened

Key Points

• MicroStrategy's stock declined by 1.1% to $332.72, with trading volume significantly lower than average at just over 4.5 million shares.
• Brokerages have recently upgraded their price targets for MicroStrategy, with TD Cowen raising their target to $680.00 and BTIG Research to $700.00, both maintaining a "buy" rating.
• In insider trading news, executives Wei-Ming Shao and Andrew Kang sold a combined total of over 51,250 shares, representing a significant decrease in their ownership stakes in the company.

Shares of Strategy Inc (NASDAQ:MSTR - Get Free Report) fell 1.1% during trading on Wednesday . The company traded as low as $325.56 and last traded at $332.72. 4,549,539 shares were traded during mid-day trading, a decline of 70% from the average session volume of 15,355,458 shares. The stock had previously closed at $336.57.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MSTR shares. Barclays reaffirmed a "hold" rating on shares of Strategy in a research note on Monday, May 19th. Canaccord Genuity Group reaffirmed a "buy" rating on shares of Strategy in a research note on Monday, May 19th. TD Cowen lifted their price target on shares of Strategy from $590.00 to $680.00 and gave the stock a "buy" rating in a research note on Tuesday, July 15th. BTIG Research lifted their price target on shares of Strategy from $620.00 to $700.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, Monness Crespi & Hardt boosted their target price on shares of Strategy from $175.00 to $200.00 and gave the stock a "sell" rating in a research report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $552.50.

Strategy Price Performance

The company's fifty day moving average price is $394.59 and its 200 day moving average price is $354.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a market capitalization of $100.92 billion, a price-to-earnings ratio of 31.53 and a beta of 3.76.

Strategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The software maker reported $32.60 EPS for the quarter, beating the consensus estimate of ($0.12) by $32.72. Strategy had a net margin of 1,036.61% and a return on equity of 18.83%. The business had revenue of $114.49 million during the quarter, compared to analyst estimates of $112.68 million. During the same period in the previous year, the business posted ($5.74) EPS. The company's quarterly revenue was up 2.7% on a year-over-year basis. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Insiders Place Their Bets

In other Strategy news, EVP Wei-Ming Shao sold 32,500 shares of the business's stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $401.47, for a total transaction of $13,047,775.00. Following the completion of the transaction, the executive vice president directly owned 12,726 shares of the company's stock, valued at $5,109,107.22. The trade was a 71.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Peter L. Briger, Jr. bought 220,000 shares of Strategy stock in a transaction on Tuesday, July 29th. The shares were purchased at an average cost of $90.00 per share, with a total value of $19,800,000.00. Following the completion of the purchase, the director directly owned 220,000 shares in the company, valued at $19,800,000. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 278,132 shares of company stock worth $25,145,795 and sold 188,933 shares worth $76,682,203. Corporate insiders own 8.46% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in Strategy by 47.7% during the 1st quarter. GAMMA Investing LLC now owns 830 shares of the software maker's stock valued at $239,000 after purchasing an additional 268 shares during the period. Yousif Capital Management LLC lifted its stake in shares of Strategy by 42.9% in the 1st quarter. Yousif Capital Management LLC now owns 2,909 shares of the software maker's stock worth $839,000 after acquiring an additional 873 shares during the period. NBC Securities Inc. acquired a new stake in shares of Strategy in the 1st quarter worth approximately $236,000. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Strategy in the 1st quarter worth approximately $13,795,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of Strategy in the 4th quarter worth approximately $1,431,000. 59.84% of the stock is owned by institutional investors and hedge funds.

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.