Strategy (NASDAQ:MSTR) Shares Up 0.6% - Here's Why

Shares of Strategy Incorporated (NASDAQ:MSTR - Get Free Report) were up 0.6% during trading on Friday . The company traded as high as $430.35 and last traded at $417.07. Approximately 7,115,547 shares were traded during trading, a decline of 61% from the average daily volume of 18,024,608 shares. The stock had previously closed at $414.38.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MSTR shares. Canaccord Genuity Group raised their price objective on Strategy from $409.00 to $464.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Benchmark reissued a "buy" rating and issued a $650.00 price objective on shares of Strategy in a research note on Tuesday, January 14th. Barclays lifted 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. Cantor Fitzgerald lowered their price target on shares of Strategy from $619.00 to $614.00 and set an "overweight" rating on the stock in a research report on Monday. Finally, Mizuho initiated coverage on Strategy in a research report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 price objective for the company. One equities 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 has a consensus rating of "Moderate Buy" and an average target price of $514.42.

Strategy Price Performance

The company has a market capitalization of $105.87 billion, a price-to-earnings ratio of -73.03 and a beta of 3.79. The business has a fifty day moving average price of $315.59 and a 200 day moving average price of $327.15. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65.

Strategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The software maker reported ($16.49) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($16.47). Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%. The company had revenue of $111.07 million for the quarter, compared to the consensus estimate of $116.66 million. During the same quarter last year, the firm posted ($0.83) earnings per share. The firm's quarterly revenue was down 3.6% compared to the same quarter last year.

Insider Activity

In related news, 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 completion of the sale, the chief accounting officer now owns 7,805 shares in the company, valued at approximately $2,569,952.35. This represents a 5.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Wei-Ming Shao acquired 500 shares of Strategy 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 $42,500.00. Following the completion of the purchase, the executive vice president now owns 500 shares in the company, valued at approximately $42,500. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 8,000 shares of company stock worth $680,000 and sold 38,998 shares worth $12,997,770. Insiders own 9.16% of the company's stock.

Institutional Investors Weigh In On Strategy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Riverview Trust Co purchased a new stake in shares of Strategy during the fourth quarter worth $25,000. IAG Wealth Partners LLC acquired a new stake in Strategy in the fourth quarter valued at approximately $25,000. Quadrant Capital Group LLC grew its position in Strategy by 855.6% in the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock worth $25,000 after acquiring an additional 77 shares in the last quarter. Dunhill Financial LLC acquired a new stake in shares of Strategy in the 4th quarter valued at $26,000. Finally, Parkside Financial Bank & Trust boosted its holdings in Strategy by 422.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker's stock worth $27,000 after purchasing an additional 76 shares in the last quarter. Hedge funds and other 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.

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