Strategy (NASDAQ:MSTR) Shares Down 5% - What's Next?

Strategy Incorporated (NASDAQ:MSTR - Get Free Report)'s share price fell 5% during trading on Friday . The stock traded as low as $380.70 and last traded at $379.67. 6,358,998 shares traded hands during trading, a decline of 65% from the average session volume of 18,064,542 shares. The stock had previously closed at $399.46.

Analyst Ratings Changes

MSTR has been the topic of a number of analyst reports. Cantor Fitzgerald reiterated a "hold" rating on shares of Strategy in a research report on Monday, May 19th. HC Wainwright started coverage on shares of Strategy in a research note on Tuesday, April 29th. They issued a "buy" rating and a $480.00 target price on the stock. BTIG Research reaffirmed a "buy" rating on shares of Strategy in a report on Wednesday, May 14th. Keefe, Bruyette & Woods started coverage on shares of Strategy in a report on Friday, February 7th. They set an "outperform" rating and a $560.00 price target for the company. Finally, UBS Group restated a "buy" rating on shares of Strategy in a research report on Friday, May 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $514.42.

Strategy Price Performance

The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The company has a market capitalization of $101.76 billion, a price-to-earnings ratio of -66.07 and a beta of 3.79. The company has a 50-day moving average price of $344.54 and a 200-day moving average price of $341.79.

Strategy (NASDAQ:MSTR - Get Free Report) last issued 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 firm 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%. The firm's revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.83) EPS.

Insiders Place Their Bets

In other Strategy news, CFO Andrew Kang bought 1,500 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was acquired at an average cost of $85.00 per share, with a total value of $127,500.00. Following the purchase, the chief financial officer now owns 1,500 shares in the company, valued at $127,500. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jarrod M. Patten sold 1,700 shares of Strategy stock in a transaction that occurred on Tuesday, April 22nd. The shares were sold at an average price of $342.01, for a total transaction of $581,417.00. Following the completion of the transaction, the director now directly owns 4,970 shares in the company, valued at approximately $1,699,789.70. The trade was a 25.49% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 8,000 shares of company stock worth $680,000 and sold 46,836 shares worth $16,214,791. Corporate insiders own 9.16% of the company's stock.

Hedge Funds Weigh In On Strategy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Strategy in the fourth quarter valued at about $523,981,000. Amundi grew its holdings in shares of Strategy by 262.8% in the 4th quarter. Amundi now owns 570,217 shares of the software maker's stock valued at $165,146,000 after acquiring an additional 413,028 shares in the last quarter. First Trust Advisors LP raised its holdings in Strategy by 266.1% during the fourth quarter. First Trust Advisors LP now owns 417,574 shares of the software maker's stock worth $120,938,000 after acquiring an additional 303,517 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Strategy during the fourth quarter valued at approximately $81,783,000. Finally, Geode Capital Management LLC grew its stake 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 valued at $881,470,000 after purchasing an additional 281,342 shares in the last quarter. 59.84% of the stock is 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.