Strategy (NASDAQ:MSTR) Shares Up 1.8% - What's Next?

Strategy Incorporated (NASDAQ:MSTR - Get Free Report) traded up 1.8% on Wednesday . The stock traded as high as $396.35 and last traded at $392.56. 3,646,817 shares changed hands during trading, a decline of 80% from the average session volume of 17,952,190 shares. The stock had previously closed at $385.60.

Analyst Ratings Changes

Several analysts have commented on MSTR shares. Maxim Group lifted their price target on Strategy from $480.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Cantor Fitzgerald lowered their target price on shares of Strategy from $619.00 to $614.00 and set an "overweight" rating for the company in a report on Monday. Monness Crespi & Hardt downgraded shares of Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price target on the stock. in a research note on Tuesday, April 1st. Canaccord Genuity Group boosted their price objective on shares of Strategy from $409.00 to $464.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Finally, HC Wainwright started coverage on Strategy in a research report on Tuesday, April 29th. They issued a "buy" rating and a $480.00 target price on the stock. 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $514.42.

Strategy Price Performance

The business's 50 day moving average price is $309.58 and its 200-day moving average price is $325.34. 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 company has a market cap of $100.82 billion, a PE ratio of -69.77 and a beta of 3.79.

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

Insider Activity at Strategy

In related news, EVP Wei-Ming Shao purchased 500 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was acquired at an average price of $85.00 per share, with a total value of $42,500.00. Following the completion of the transaction, the executive vice president now owns 500 shares of the company's stock, valued at $42,500. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jarrod M. Patten sold 3,100 shares of Strategy stock in a transaction on Friday, April 25th. The stock was sold at an average price of $365.33, for a total transaction of $1,132,523.00. Following the completion of the sale, the director now owns 4,970 shares of the company's stock, valued at approximately $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 acquired 8,000 shares of company stock valued at $680,000 and sold 37,798 shares valued at $12,535,866. 9.16% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Strategy

A number of hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC raised its position 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 valued at $25,000 after acquiring an additional 77 shares in the last quarter. Riverview Trust Co acquired a new stake in shares of Strategy during the fourth quarter worth $25,000. IAG Wealth Partners LLC acquired a new position in shares of Strategy in the 4th quarter valued at about $25,000. Dunhill Financial LLC bought a new stake in shares of Strategy during the 4th quarter valued at about $26,000. Finally, Safe Harbor Fiduciary LLC raised its stake in Strategy by 820.0% during the fourth quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker's stock worth $27,000 after acquiring an additional 82 shares during the period. 59.84% of the stock is currently owned by institutional investors and hedge funds.

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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