Strategy (NASDAQ:MSTR) Shares Up 0.5% - Here's Why

Shares of Strategy Incorporated (NASDAQ:MSTR - Get Free Report) shot up 0.5% on Tuesday . The stock traded as high as $414.06 and last traded at $406.78. 3,593,732 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 17,968,484 shares. The stock had previously closed at $404.90.

Analysts Set New Price Targets

Several research firms recently weighed in on MSTR. Maxim Group boosted their price objective on shares of Strategy from $480.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Mizuho started coverage on shares of Strategy in a report on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 price target for the company. Cantor Fitzgerald decreased their price target on shares of Strategy from $619.00 to $614.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Keefe, Bruyette & Woods began coverage on shares of Strategy in a research note on Friday, February 7th. They issued an "outperform" rating and a $560.00 target price for the company. Finally, BTIG Research reaffirmed a "buy" rating on shares of Strategy in a research note on Wednesday. One research analyst has rated the stock with a sell rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $514.42.

Strategy Stock Down 2.8%

The stock has a 50-day simple moving average of $325.27 and a two-hundred day simple moving average of $332.36. 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 firm has a market cap of $110.77 billion, a PE ratio of -71.79 and a beta of 3.79.

Strategy (NASDAQ:MSTR - Get Free Report) last posted its 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 business had revenue of $111.07 million during the quarter, compared to the consensus estimate of $116.66 million. Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%. The firm's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.83) earnings per share.

Insider Buying and Selling

In related news, EVP Wei-Ming Shao acquired 500 shares of Strategy stock in a transaction on Thursday, March 20th. The shares were bought at an average cost of $85.00 per share, with a total value of $42,500.00. Following the completion of the purchase, the executive vice president now directly owns 500 shares of the company's stock, valued at $42,500. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Jeanine Montgomery sold 481 shares of the company's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $329.27, for a total value of $158,378.87. Following the transaction, the chief accounting officer now directly owns 7,805 shares in the company, valued at approximately $2,569,952.35. This represents a 5.80% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders bought 8,000 shares of company stock worth $680,000 and sold 41,198 shares worth $13,901,970. 9.16% of the stock is owned by company insiders.

Institutional Trading of Strategy

Several hedge funds and other institutional investors have recently bought and sold shares of MSTR. Riverview Trust Co purchased a new position in shares of Strategy during the 4th quarter valued at about $25,000. IAG Wealth Partners LLC acquired a new position in shares of Strategy during the 4th quarter worth approximately $25,000. Quadrant Capital Group LLC boosted its holdings in shares of Strategy by 855.6% during the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock worth $25,000 after purchasing an additional 77 shares during the last quarter. Dunhill Financial LLC purchased a new stake in shares of Strategy during the 4th quarter valued at approximately $26,000. Finally, Parkside Financial Bank & Trust raised its position in shares of Strategy by 422.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker's stock valued at $27,000 after buying an additional 76 shares during the period. Institutional investors 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.