Strategy Incorporated (NASDAQ:MSTR) CFO Acquires $191,250.00 in Stock

Strategy Incorporated (NASDAQ:MSTR - Get Free Report) CFO Andrew Kang acquired 2,250 shares of Strategy stock in a transaction on Thursday, June 5th. The stock was acquired at an average cost of $85.00 per share, for a total transaction of $191,250.00. Following the purchase, the chief financial officer now owns 2,250 shares of the company's stock, valued at approximately $191,250. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Andrew Kang also recently made the following trade(s):

• On Friday, June 6th, Andrew Kang sold 1,877 shares of Strategy stock. The stock was sold at an average price of $374.54, for a total transaction of $703,011.58.
• On Tuesday, May 20th, Andrew Kang sold 5,638 shares of Strategy stock. The shares were sold at an average price of $410.22, for a total transaction of $2,312,820.36.
• On Monday, March 24th, Andrew Kang sold 2,185 shares of Strategy stock. The stock was sold at an average price of $329.26, for a total value of $719,433.10.
• On Thursday, March 20th, Andrew Kang bought 1,500 shares of Strategy stock. The stock was purchased at an average cost of $85.00 per share, with a total value of $127,500.00.

Strategy Trading Up 4.7%

NASDAQ:MSTR traded up $17.65 on Monday, reaching $392.12. The company's stock had a trading volume of 10,807,132 shares, compared to its average volume of 18,066,297. Strategy Incorporated has a 1-year low of $102.40 and a 1-year 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. The firm has a market cap of $107.21 billion, a PE ratio of -69.61 and a beta of 3.73. The business's 50-day moving average price is $355.18 and its two-hundred day moving average price is $341.67.

Strategy (NASDAQ:MSTR - Get Free Report) last posted its earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $116.66 million. During the same period in the previous year, the firm posted ($0.83) earnings per share. The firm's revenue was down 3.6% on a year-over-year basis.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MSTR. 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. Cantor Fitzgerald restated a "hold" rating on shares of Strategy in a research report on Monday, May 19th. Barclays restated a "hold" rating on shares of Strategy in a research report on Monday, May 19th. Canaccord Genuity Group restated a "buy" rating on shares of Strategy in a research report on Monday, May 19th. Finally, BTIG Research restated a "buy" rating on shares of Strategy in a research report on Wednesday, May 14th. One equities 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $514.42.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its stake in Strategy by 10.2% in the fourth quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker's stock valued at $881,470,000 after acquiring an additional 281,342 shares during the period. Norges Bank acquired a new position in shares of Strategy during the fourth quarter worth about $523,981,000. Northern Trust Corp boosted its position in shares of Strategy by 24.4% during the fourth quarter. Northern Trust Corp now owns 1,076,185 shares of the software maker's stock worth $311,685,000 after buying an additional 210,997 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Strategy by 25.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 802,464 shares of the software maker's stock worth $232,410,000 after buying an additional 162,757 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Strategy by 14.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker's stock worth $220,626,000 after buying an additional 97,515 shares during the period. 59.84% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.