Strategy Incorporated (NASDAQ:MSTR) CFO Sells $2,312,820.36 in Stock

Strategy Incorporated (NASDAQ:MSTR - Get Free Report) CFO Andrew Kang sold 5,638 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $410.22, for a total value of $2,312,820.36. Following the completion of the sale, the chief financial officer now directly owns 22,077 shares in the company, valued at approximately $9,056,426.94. The trade was a 20.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 bought at an average cost of $85.00 per share, for a total transaction of $127,500.00.

Strategy Trading Down 3.4%

Shares of NASDAQ:MSTR traded down $14.23 on Wednesday, reaching $402.69. 18,473,021 shares of the company traded hands, compared to its average volume of 18,060,250. The stock has a market capitalization of $110.10 billion, a P/E ratio of -71.49 and a beta of 3.79. The business's 50-day simple moving average is $337.30 and its 200 day simple moving average is $337.39. 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 Incorporated has a 52 week low of $102.40 and a 52 week 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 analysts' expectations 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 revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.83) earnings per share.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MSTR. Mizuho initiated coverage on shares of Strategy in a research note on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 price target for the company. Barclays reiterated a "hold" rating on shares of Strategy in a research report on Monday. HC Wainwright initiated coverage on Strategy in a research report on Tuesday, April 29th. They set a "buy" rating and a $480.00 price target on the stock. Monness Crespi & Hardt lowered Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price target for the company. in a research note on Tuesday, April 1st. Finally, Cantor Fitzgerald reiterated a "hold" rating on shares of Strategy in a report on Monday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $514.42.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank bought a new stake in Strategy in the 4th quarter worth $523,981,000. Amundi boosted its holdings in shares of Strategy by 262.8% during the fourth quarter. Amundi now owns 570,217 shares of the software maker's stock worth $165,146,000 after purchasing an additional 413,028 shares during the period. First Trust Advisors LP boosted its holdings in shares of Strategy by 266.1% during the fourth quarter. First Trust Advisors LP now owns 417,574 shares of the software maker's stock worth $120,938,000 after purchasing an additional 303,517 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Strategy in the fourth quarter worth about $81,783,000. Finally, Geode Capital Management LLC increased its holdings in Strategy by 10.2% during the 4th quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker's stock valued at $881,470,000 after purchasing an additional 281,342 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.

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