Strategy Incorporated (NASDAQ:MSTR) CEO Sells $1,983,189.30 in Stock

Strategy Incorporated (NASDAQ:MSTR - Get Free Report) CEO Phong Le sold 5,295 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $374.54, for a total value of $1,983,189.30. Following the sale, the chief executive officer now directly owns 24,790 shares in the company, valued at approximately $9,284,846.60. The trade was a 17.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Phong Le also recently made the following trade(s):

• On Thursday, June 5th, Phong Le purchased 4,500 shares of Strategy stock. The stock was acquired at an average price of $85.00 per share, for a total transaction of $382,500.00.
• On Monday, March 24th, Phong Le sold 3,281 shares of Strategy stock. The stock was sold at an average price of $329.26, for a total transaction of $1,080,302.06.
• On Thursday, March 20th, Phong Le purchased 6,000 shares of Strategy stock. The stock was acquired at an average price of $85.00 per share, for a total transaction of $510,000.00.

Strategy Stock Down 0.2%

NASDAQ:MSTR traded down $0.94 on Tuesday, hitting $391.18. 7,034,851 shares of the company's stock traded hands, compared to its average volume of 18,065,536. The company has a market cap of $106.95 billion, a PE ratio of -69.44 and a beta of 3.73. The firm has a 50-day moving average price of $358.95 and a 200-day moving average price of $341.80. Strategy Incorporated has a 1 year low of $102.40 and a 1 year high of $543.00. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

Strategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly 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). The firm had revenue of $111.07 million during the quarter, compared to the consensus estimate of $116.66 million. Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%. The company's quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.83) EPS.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. HC Wainwright assumed coverage on shares of Strategy in a research report on Tuesday, April 29th. They issued a "buy" rating and a $480.00 price target on the stock. BTIG Research reiterated a "buy" rating on shares of Strategy in a research report on Wednesday, May 14th. UBS Group restated a "buy" rating on shares of Strategy in a report on Friday, May 16th. Barclays restated a "hold" rating on shares of Strategy in a report on Monday, May 19th. Finally, Canaccord Genuity Group restated a "buy" rating on shares of Strategy in a report on Monday, May 19th. One equities research 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 MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $514.42.

Institutional Investors Weigh In On Strategy

Large investors have recently made changes to their positions in the company. Riverview Trust Co bought a new stake in shares of Strategy in the 4th quarter valued at approximately $25,000. IAG Wealth Partners LLC bought a new stake in Strategy during the fourth quarter worth approximately $25,000. Quadrant Capital Group LLC boosted its position in Strategy by 855.6% during the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock worth $25,000 after purchasing an additional 77 shares during the period. Dunhill Financial LLC bought a new stake in Strategy during the fourth quarter worth approximately $26,000. Finally, Parkside Financial Bank & Trust boosted its position in Strategy by 422.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker's stock worth $27,000 after purchasing an additional 76 shares during the period. Institutional investors own 59.84% of the company's stock.

Strategy Company Profile

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.