Strategy (NASDAQ:MSTR) Shares Down 3.8% - Here's What Happened

Strategy Incorporated (NASDAQ:MSTR - Get Free Report) was down 3.8% during mid-day trading on Thursday . The stock traded as low as $394.51 and last traded at $401.07. Approximately 4,541,530 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 18,070,809 shares. The stock had previously closed at $416.75.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Barclays raised their target price on shares of Strategy from $421.00 to $475.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Mizuho began coverage on Strategy in a research report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 target price on the stock. Compass Point upgraded shares of Strategy to a "strong-buy" rating in a report on Wednesday, January 29th. Monness Crespi & Hardt lowered 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. Finally, Canaccord Genuity Group raised their target price on Strategy from $409.00 to $464.00 and gave the company a "buy" rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $514.42.

Strategy Trading Down 2.8%

The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The business's 50 day moving average is $325.27 and its two-hundred day moving average is $332.36. The firm has a market capitalization of $110.76 billion, a P/E ratio of -72.06 and a beta of 3.79.

Strategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings results 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). The company had revenue of $111.07 million during the quarter, compared to the consensus estimate of $116.66 million. Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%. Strategy's quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.83) EPS.

Insider Activity

In related news, CEO Phong Le purchased 6,000 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was bought at an average price of $85.00 per share, for a total transaction of $510,000.00. Following the purchase, the chief executive officer now owns 6,000 shares in the company, valued at $510,000. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Wei-Ming Shao bought 500 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was purchased at an average price of $85.00 per share, for a total transaction of $42,500.00. Following the completion of the purchase, the executive vice president now directly owns 500 shares in the company, valued at $42,500. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 8,000 shares of company stock worth $680,000 and have sold 41,198 shares worth $13,901,970. 9.16% of the stock is owned by company insiders.

Hedge Funds Weigh In On Strategy

A number of institutional investors have recently made changes to their positions in MSTR. Norges Bank bought a new position in Strategy in the 4th quarter worth approximately $523,981,000. Amundi grew its holdings in shares of Strategy by 262.8% during the 4th quarter. Amundi now owns 570,217 shares of the software maker's stock worth $165,146,000 after purchasing an additional 413,028 shares in the last quarter. First Trust Advisors LP lifted its position 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 during the period. Proficio Capital Partners LLC bought a new position in shares of Strategy during the 4th quarter worth about $81,783,000. Finally, Geode Capital Management LLC lifted its position in shares of Strategy by 10.2% during the 4th 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 during the period. 59.84% of the stock is currently owned by institutional investors.

About Strategy

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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