Strategy Incorporated (NASDAQ:MSTR) EVP Sells $637,092.54 in Stock

Strategy Incorporated (NASDAQ:MSTR - Get Free Report) EVP Wei-Ming Shao sold 1,701 shares of Strategy stock in a transaction on Friday, June 6th. The shares were sold at an average price of $374.54, for a total value of $637,092.54. Following the completion of the transaction, the executive vice president now owns 12,726 shares of the company's stock, valued at approximately $4,766,396.04. This trade represents a 11.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Wei-Ming Shao also recently made the following trade(s):

• On Thursday, June 5th, Wei-Ming Shao bought 3,527 shares of Strategy stock. The shares were acquired at an average price of $85.00 per share, with a total value of $299,795.00.
• On Tuesday, April 15th, Wei-Ming Shao sold 10,000 shares of Strategy stock. The stock was sold at an average price of $315.00, for a total value of $3,150,000.00.
• On Monday, March 24th, Wei-Ming Shao sold 2,051 shares of Strategy stock. The stock was sold at an average price of $329.26, for a total value of $675,312.26.
• On Thursday, March 20th, Wei-Ming Shao purchased 500 shares of Strategy stock. The shares were purchased at an average cost of $85.00 per share, with a total value of $42,500.00.

Strategy Stock Up 4.7%

Shares of MSTR stock traded up $17.65 during trading hours on Monday, reaching $392.12. The company had a trading volume of 10,807,132 shares, compared to its average volume of 18,066,297. The company has a market capitalization of $107.21 billion, a P/E ratio of -69.61 and a beta of 3.73. Strategy Incorporated has a twelve month low of $102.40 and a twelve month high of $543.00. The stock's fifty day simple moving average is $355.18 and its 200 day simple moving average is $341.67. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71.

Strategy (NASDAQ:MSTR - Get Free Report) last released its earnings results on Thursday, May 1st. The software maker reported ($16.49) EPS for the quarter, missing the consensus estimate 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 net margin of 251.73% and a negative return on equity of 19.01%. The business's quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.83) earnings per share.

Analysts Set New Price Targets

Several research firms have recently issued reports on MSTR. Barclays reaffirmed a "hold" rating on shares of Strategy in a research note on Monday, May 19th. BTIG Research reissued a "buy" rating on shares of Strategy in a research note on Wednesday, May 14th. Canaccord Genuity Group reissued a "buy" rating on shares of Strategy in a research note on Monday, May 19th. 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 note on Tuesday, April 1st. Finally, HC Wainwright began coverage on shares of Strategy in a research note on Tuesday, April 29th. They issued a "buy" rating and a $480.00 target price for the company. One 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 stock. According to MarketBeat.com, Strategy presently has a consensus rating of "Moderate Buy" and a consensus target price of $514.42.

Hedge Funds Weigh In On Strategy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new stake in Strategy during the 4th quarter valued at $523,981,000. Amundi increased its stake in shares of Strategy by 262.8% in the fourth quarter. Amundi now owns 570,217 shares of the software maker's stock worth $165,146,000 after acquiring an additional 413,028 shares during the last quarter. First Trust Advisors LP boosted its holdings in Strategy by 266.1% in 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 in the last quarter. Proficio Capital Partners LLC bought a new stake in Strategy in the fourth quarter worth $81,783,000. Finally, Geode Capital Management LLC boosted its holdings 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 worth $881,470,000 after purchasing an additional 281,342 shares in the last quarter. 59.84% of the stock is currently 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.

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