Strategy Incorporated (NASDAQ:MSTR) Director Sells $461,904.00 in Stock

Strategy Incorporated (NASDAQ:MSTR - Get Free Report) Director Jarrod M. Patten sold 1,200 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $384.92, for a total transaction of $461,904.00. Following the transaction, the director now owns 9,170 shares of the company's stock, valued at approximately $3,529,716.40. This trade represents a 11.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Strategy Price Performance

Shares of MSTR traded up $6.88 during trading hours on Wednesday, hitting $392.48. The stock had a trading volume of 10,470,806 shares, compared to its average volume of 17,977,862. Strategy Incorporated has a 52 week low of $102.40 and a 52 week high of $543.00. The stock has a market capitalization of $101.01 billion, a price-to-earnings ratio of -69.68 and a beta of 3.79. The company's fifty day moving average is $309.58 and its two-hundred day moving average is $325.34. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65.

Strategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The software maker reported ($16.49) earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $116.66 million. During the same quarter in the previous year, the firm posted ($0.83) EPS. The company's revenue for the quarter was down 3.6% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on MSTR shares. Mizuho started coverage on shares of Strategy in a research report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 price objective on the stock. Cantor Fitzgerald dropped their price target on Strategy from $619.00 to $614.00 and set an "overweight" rating on the stock in a research report on Monday. Monness Crespi & Hardt downgraded Strategy from a "neutral" rating to a "sell" rating and set a $220.00 target price on the stock. in a report on Tuesday, April 1st. Benchmark restated a "buy" rating and set a $650.00 price target on shares of Strategy in a report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods began coverage on shares of Strategy in a research note on Friday, February 7th. They issued an "outperform" rating and a $560.00 price objective on the stock. One research analyst has rated the stock with a sell rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Strategy has a consensus rating of "Moderate Buy" and a consensus target price of $514.42.

Hedge Funds Weigh In On Strategy

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