Strategy (NASDAQ:MSTR) Director Sells $200,955.00 in Stock

Key Points

• Director Jarrod Patten sold 1,500 shares of Strategy stock on June 15 for about $200,955 at an average price of $133.97. After the sale, he still held 28,406 shares, and the trade cut his ownership by about 5.02%.
• Strategy shares fell 5.1% to $116.56 in Wednesday trading, leaving the stock well below its 50-day and 200-day moving averages. The company’s market cap was about $40.85 billion, and its 52-week range spans from $104.17 to $457.22.
• Recent company updates highlighted ongoing Bitcoin accumulation and debate over Strategy’s funding model, with one more BTC purchase disclosed this week. Analyst sentiment remains mixed overall, with a consensus rating of Moderate Buy and an average price target of $313.93.

Strategy Inc (NASDAQ:MSTR - Get Free Report) Director Jarrod Patten sold 1,500 shares of the firm's stock in a transaction on Monday, June 15th. The stock was sold at an average price of $133.97, for a total value of $200,955.00. Following the completion of the sale, the director directly owned 28,406 shares of the company's stock, valued at $3,805,551.82. This trade represents a 5.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Strategy Trading Down 5.1%

Shares of NASDAQ MSTR traded down $6.25 during mid-day trading on Wednesday, reaching $116.56. 17,841,490 shares of the company's stock were exchanged, compared to its average volume of 20,593,795. The company's 50-day moving average is $153.45 and its 200-day moving average is $151.17. Strategy Inc has a 52-week low of $104.17 and a 52-week high of $457.22. The firm has a market capitalization of $40.85 billion, a price-to-earnings ratio of -2.90 and a beta of 3.49. The company has a debt-to-equity ratio of 0.22, a quick ratio of 6.05 and a current ratio of 6.05.

Strategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The software maker reported ($38.25) EPS for the quarter, missing analysts' consensus estimates of ($0.86) by ($37.39). The company had revenue of $124.30 million for the quarter, compared to analyst estimates of $120.75 million. Strategy had a negative return on equity of 26.97% and a negative net margin of 2,482.01%.The business's quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($16.49) earnings per share. Analysts expect that Strategy Inc will post 116.7 EPS for the current fiscal year.

Strategy News Roundup

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Strategy’s executive chairman Michael Saylor pushed back on systemic-risk concerns, arguing the company is a “shock absorber” for Bitcoin and remains a major buyer. Article: Michael Saylor Says Strategy Is Bitcoin's 'Shock Absorber,' Not A Systemic Risk
• Neutral Sentiment: Strategy disclosed another Bitcoin purchase of 1,587 BTC, reinforcing its long-term accumulation strategy but also increasing attention on how it is funded. Article: Saylor’s Strategy buys 1,587 BTC for $100M, holdings hit 846.8K
• Negative Sentiment: Analysts said Strategy faces near-term negative catalysts tied to more share issuance and upcoming debt/dividend payments, which could keep pressure on MSTR. Article: Bitcoin Whale Pays Price For Borrowing Binge As Buying Power Flags
• Negative Sentiment: Reports also noted concerns that Strategy’s Bitcoin-buying model may be unsustainable if share sales continue at less favorable valuations. Article: Strategy’s STRC falls to $91 as investors flinch at latest BTC buying

Hedge Funds Weigh In On Strategy

Hedge funds have recently modified their holdings of the company. Federated Hermes Inc. acquired a new stake in Strategy during the second quarter valued at $396,000. Cary Street Partners Financial LLC acquired a new position in shares of Strategy in the 2nd quarter worth approximately $202,000. Sei Investments Co. lifted its holdings in Strategy by 136.0% during the 2nd quarter. Sei Investments Co. now owns 39,905 shares of the software maker's stock worth $16,125,000 after buying an additional 22,999 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Strategy by 59.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,215 shares of the software maker's stock valued at $7,767,000 after purchasing an additional 7,158 shares during the period. Finally, Peapack Gladstone Financial Corp lifted its stake in shares of Strategy by 22.0% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 3,055 shares of the software maker's stock valued at $1,235,000 after purchasing an additional 550 shares during the period. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MSTR has been the topic of a number of recent analyst reports. TD Cowen upped their price objective on Strategy from $395.00 to $400.00 and gave the stock a "buy" rating in a report on Tuesday, May 19th. Zacks Research downgraded Strategy from a "hold" rating to a "strong sell" rating in a research report on Monday, May 18th. Mizuho reduced their price objective on Strategy from $320.00 to $265.00 and set an "outperform" rating on the stock in a research report on Monday, June 1st. Cantor Fitzgerald reiterated an "overweight" rating on shares of Strategy in a research report on Monday. Finally, Benchmark restated a "buy" rating on shares of Strategy in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Strategy presently has an average rating of "Moderate Buy" and a consensus price target of $313.93.

About Strategy

Strategy, formerly known as MicroStrategy, Incorporated NASDAQ: MSTR is a global provider of enterprise analytics and mobility software. The company’s flagship platform offers business intelligence, data discovery, and advanced visualizations that enable organizations to analyze large volumes of data and deliver actionable insights. In addition to traditional on-premises deployments, Strategy provides a range of cloud-based services and managed offerings that allow customers to leverage the power of its analytics tools without managing complex infrastructure.

Founded in 1989 by Michael J.

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