Jarrod M. Patten Sells 1,100 Shares of Strategy Incorporated (NASDAQ:MSTR) Stock

Strategy Incorporated (NASDAQ:MSTR - Get Free Report) Director Jarrod M. Patten sold 1,100 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $427.00, for a total value of $469,700.00. Following the sale, the director now owns 9,170 shares in the company, valued at $3,915,590. The trade was a 10.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Strategy Stock Up 0.7%

Shares of NASDAQ MSTR traded up $2.77 during mid-day trading on Friday, reaching $399.80. 12,343,405 shares of the company's stock were exchanged, compared to its average volume of 18,100,225. 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 business has a fifty day simple moving average of $331.21 and a 200 day simple moving average of $334.92. Strategy Incorporated has a twelve month low of $102.40 and a twelve month high of $543.00. The firm has a market capitalization of $109.31 billion, a price-to-earnings ratio of -70.97 and a beta of 3.79.

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

Analysts Set New Price Targets

Several research analysts recently issued reports on MSTR shares. Cantor Fitzgerald reduced their price target on shares of Strategy from $619.00 to $614.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Monness Crespi & Hardt lowered shares of Strategy from a "neutral" rating to a "sell" rating and set a $220.00 target price on the stock. in a research report on Tuesday, April 1st. Canaccord Genuity Group boosted their price objective on shares of Strategy from $409.00 to $464.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. HC Wainwright assumed coverage on Strategy in a research report on Tuesday, April 29th. They issued a "buy" rating and a $480.00 price objective on the stock. Finally, UBS Group reiterated a "buy" rating on shares of Strategy in a report on Friday. One equities research analyst has rated the stock with a sell rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $514.42.

Hedge Funds Weigh In On Strategy

A number of large investors have recently added to or reduced their stakes in MSTR. Geode Capital Management LLC raised its holdings in shares of 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 purchasing an additional 281,342 shares during the last quarter. Norges Bank bought a new position in Strategy in the fourth quarter valued at $523,981,000. Northern Trust Corp increased its stake in Strategy by 24.4% in the 4th quarter. Northern Trust Corp now owns 1,076,185 shares of the software maker's stock valued at $311,685,000 after buying an additional 210,997 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Strategy by 25.4% during the 4th 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Strategy by 14.7% during the 4th 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 last quarter. 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.