Strategy (NASDAQ:MSTR) Stock Price Down 2.4% - What's Next?

Strategy Incorporated (NASDAQ:MSTR - Get Free Report)'s stock price traded down 2.4% during trading on Monday . The stock traded as low as $359.35 and last traded at $359.95. 4,419,574 shares were traded during mid-day trading, a decline of 76% from the average session volume of 18,042,405 shares. The stock had previously closed at $368.71.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Keefe, Bruyette & Woods started coverage on Strategy in a report on Friday, February 7th. They issued an "outperform" rating and a $560.00 target price on the stock. Benchmark restated a "buy" rating and issued a $650.00 price objective on shares of Strategy in a research note on Tuesday, January 14th. Mizuho started coverage on shares of Strategy in a research note on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 price objective for the company. Barclays decreased their price objective on shares of Strategy from $515.00 to $421.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Finally, Canaccord Genuity Group lowered their price target on Strategy from $510.00 to $409.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Strategy currently has a consensus rating of "Moderate Buy" and a consensus price target of $505.75.

Strategy Stock Performance

The stock has a fifty day moving average price of $299.34 and a 200-day moving average price of $319.31. The firm has a market cap of $97.82 billion, a price-to-earnings ratio of -67.48 and a beta of 3.46. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39.

Strategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing analysts' consensus estimates of ($0.13) by ($3.07). Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Insider Buying and Selling at Strategy

In other Strategy news, CAO Jeanine Montgomery sold 481 shares of the company's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $329.27, for a total value of $158,378.87. Following the sale, the chief accounting officer now owns 7,805 shares of the company's stock, valued at approximately $2,569,952.35. This represents a 5.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jarrod M. Patten sold 3,100 shares of the company's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $365.33, for a total value of $1,132,523.00. Following the completion of the sale, the director now directly owns 4,970 shares in the company, valued at $1,815,690.10. This trade represents a 38.41 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 8,000 shares of company stock valued at $680,000 and have sold 37,798 shares valued at $12,535,866. 9.16% of the stock is owned by corporate insiders.

Institutional Trading of Strategy

Several institutional investors and hedge funds have recently made changes to their positions in MSTR. Garden State Investment Advisory Services LLC lifted its position in shares of Strategy by 1,005.0% in the third quarter. Garden State Investment Advisory Services LLC now owns 2,630 shares of the software maker's stock valued at $443,000 after acquiring an additional 2,392 shares in the last quarter. Virtu Financial LLC increased its stake in Strategy by 10,398.4% during the third quarter. Virtu Financial LLC now owns 224,245 shares of the software maker's stock worth $37,808,000 after acquiring an additional 222,109 shares during the last quarter. Peapack Gladstone Financial Corp increased its stake in Strategy by 900.0% during the third quarter. Peapack Gladstone Financial Corp now owns 2,350 shares of the software maker's stock worth $396,000 after acquiring an additional 2,115 shares during the last quarter. Franklin Resources Inc. increased its stake in Strategy by 3.3% during the third quarter. Franklin Resources Inc. now owns 4,248 shares of the software maker's stock worth $716,000 after acquiring an additional 135 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC increased its stake in Strategy by 1,105.2% during the third quarter. Beaird Harris Wealth Management LLC now owns 4,640 shares of the software maker's stock worth $782,000 after acquiring an additional 4,255 shares during the last quarter. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

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.