Strategy (NASDAQ:MSTR) Shares Up 5.9% - What's Next?

Strategy Incorporated (NASDAQ:MSTR - Get Free Report)'s share price rose 5.9% on Thursday . The company traded as high as $397.47 and last traded at $402.72. Approximately 5,604,218 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 17,992,156 shares. The stock had previously closed at $380.11.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Maxim Group increased their target price on Strategy from $480.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Monness Crespi & Hardt lowered shares of Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price objective for the company. in a research report on Tuesday, April 1st. Cantor Fitzgerald increased their target price on shares of Strategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods initiated coverage on shares of Strategy in a research report on Friday, February 7th. They set an "outperform" rating and a $560.00 price target for the company. Finally, Canaccord Genuity Group lifted their price target on Strategy from $409.00 to $464.00 and gave the company a "buy" rating in a research report on Friday. One research analyst has rated the stock with a sell rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Strategy currently has an average rating of "Moderate Buy" and an average target price of $510.33.

Strategy Stock Up 3.3 %

The company's 50-day simple moving average is $301.32 and its two-hundred day simple moving average is $320.55. The firm has a market cap of $101.49 billion, a PE ratio of -70.01 and a beta of 3.79. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71.

Strategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The software maker reported ($16.49) EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $116.66 million. During the same quarter last year, the company posted ($0.83) earnings per share. The firm's revenue for the quarter was down 3.6% compared to the same quarter last year.

Insider Transactions at Strategy

In other news, EVP Wei-Ming Shao purchased 500 shares of the stock in a transaction dated Thursday, March 20th. The shares were acquired at an average cost of $85.00 per share, for a total transaction of $42,500.00. Following the acquisition, the executive vice president now owns 500 shares of the company's stock, valued at approximately $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 this hyperlink. Also, CAO Jeanine Montgomery sold 481 shares of the stock in a transaction 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 sale, the chief accounting officer now owns 7,805 shares of the company's stock, 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 quarter, insiders have acquired 8,000 shares of company stock worth $680,000 and have sold 37,798 shares worth $12,535,866. Company insiders own 9.16% of the company's stock.

Hedge Funds Weigh In On Strategy

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Riverview Trust Co acquired a new position in shares of Strategy in the fourth quarter worth about $25,000. IAG Wealth Partners LLC acquired a new position in Strategy during the fourth quarter worth $25,000. Quadrant Capital Group LLC lifted its holdings in Strategy by 855.6% during the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock valued at $25,000 after purchasing an additional 77 shares in the last quarter. Dunhill Financial LLC purchased a new stake in shares of Strategy during the fourth quarter worth about $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 worth $27,000 after purchasing an additional 76 shares during the last quarter. Institutional investors and hedge funds 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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