Strategy Incorporated (NASDAQ:MSTR - Get Free Report) Director Carl J. Rickertsen sold 980 shares of Strategy stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $379.07, for a total transaction of $371,488.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Strategy Stock Down 2.5%
MSTR stock traded down $9.31 during trading on Thursday, reaching $368.79. The stock had a trading volume of 11,835,323 shares, compared to its average volume of 18,053,247. 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 fifty day moving average price of $352.20 and a 200 day moving average price of $343.39. The company has a market capitalization of $100.83 billion, a P/E ratio of -65.47 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 announced 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). The business had revenue of $111.07 million for the quarter, compared to analysts' expectations of $116.66 million. Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%. The firm's 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) earnings per share.
Analyst Ratings Changes
MSTR has been the topic of several research reports. Barclays reiterated a "hold" rating on shares of Strategy in a report on Monday, May 19th. Maxim Group lifted their price objective 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 reiterated a "buy" rating on shares of Strategy in a report on Friday, May 16th. Monness Crespi & Hardt downgraded shares of 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. Finally, Cantor Fitzgerald reiterated a "hold" rating on shares of Strategy in a research note on Monday, May 19th. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $514.42.
Check Out Our Latest Stock Report on Strategy
Hedge Funds Weigh In On Strategy
A number of institutional investors have recently made changes to their positions in the business. Proficio Capital Partners LLC bought a new stake in shares of Strategy in the fourth quarter worth $81,783,000. Clarity Capital Partners LLC increased its position in shares of Strategy by 122.3% in the 4th quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker's stock worth $7,274,000 after purchasing an additional 13,817 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Strategy by 14.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker's stock valued at $220,626,000 after purchasing an additional 97,515 shares in the last quarter. Chung Wu Investment Group LLC bought a new position in shares of Strategy during the fourth quarter worth about $850,000. Finally, Crew Capital Management Ltd. acquired a new position in Strategy in the fourth quarter worth about $333,000. 59.84% of the stock is owned by institutional investors and hedge funds.
About Strategy
(
Get Free Report)
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.
Further Reading
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