Strategy (NASDAQ:MSTR) Stock Price Down 1.4% on Insider Selling

Strategy Incorporated (NASDAQ:MSTR - Get Free Report)'s share price dropped 1.4% during trading on Friday following insider selling activity. The company traded as low as $363.04 and last traded at $365.60. Approximately 2,823,098 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 17,475,678 shares. The stock had previously closed at $370.63.

Specifically, Director Jarrod M. Patten sold 650 shares of Strategy stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $371.23, for a total value of $241,299.50. Following the completion of the transaction, the director now owns 21,770 shares in the company, valued at $8,081,677.10. The trade was a 2.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Wall Street Analyst Weigh In

A number of analysts have weighed in on MSTR shares. Cantor Fitzgerald reissued a "hold" rating on shares of Strategy in a report on Monday, May 19th. Canaccord Genuity Group reiterated a "buy" rating on shares of Strategy in a research report on Monday, May 19th. HC Wainwright started coverage on shares of Strategy in a research report on Tuesday, April 29th. They set a "buy" rating and a $480.00 target price on the stock. UBS Group restated a "buy" rating on shares of Strategy in a research report on Friday, May 16th. Finally, Maxim Group lifted their price target on Strategy from $480.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $514.42.

Strategy Stock Performance

The stock's 50-day moving average is $348.31 and its 200-day moving average is $342.42. The stock has a market cap of $99.73 billion, a price-to-earnings ratio of -64.76 and a beta of 3.79. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

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 firm had revenue of $111.07 million during the quarter, compared to analyst estimates of $116.66 million. During the same period last year, the business earned ($0.83) EPS. The firm's revenue was down 3.6% compared to the same quarter last year.

Institutional Trading of Strategy

Large investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of Strategy by 10.2% during the fourth quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker's stock worth $881,470,000 after buying an additional 281,342 shares in the last quarter. Norges Bank bought a new stake in Strategy in the fourth quarter valued at $523,981,000. Northern Trust Corp lifted its stake in Strategy by 24.4% in the fourth 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 stake in Strategy by 25.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 802,464 shares of the software maker's stock valued at $232,410,000 after buying an additional 162,757 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Strategy by 14.7% during the fourth 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. 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.