Strategy (NASDAQ:MSTR) Stock Price Down 0.8% - Here's Why

Shares of Strategy Incorporated (NASDAQ:MSTR - Get Free Report) fell 0.8% during mid-day trading on Tuesday . The company traded as low as $408.77 and last traded at $410.11. 2,851,966 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 18,021,258 shares. The stock had previously closed at $413.42.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. HC Wainwright began coverage on shares of Strategy in a research note on Tuesday, April 29th. They issued a "buy" rating and a $480.00 price target for the company. Canaccord Genuity Group reaffirmed a "buy" rating on shares of Strategy in a research note on Monday. UBS Group reissued a "buy" rating on shares of Strategy in a research report on Friday. Mizuho initiated coverage on shares of Strategy in a report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 price objective on the stock. Finally, Barclays reissued a "hold" rating on shares of Strategy in a research note on Monday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $514.42.

Strategy Price Performance

The stock's 50-day moving average is $334.23 and its 200-day moving average is $336.83. The firm has a market cap of $113.62 billion, a P/E ratio of -73.16 and a beta of 3.79. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39.

Strategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The software maker reported ($16.49) earnings per share 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 firm had revenue of $111.07 million for the quarter, compared to the consensus estimate of $116.66 million. During the same period in the prior year, the firm posted ($0.83) earnings per share. The business's revenue for the quarter was down 3.6% compared to the same quarter last year.

Insider Buying and Selling

In other news, EVP Wei-Ming Shao bought 500 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 500 shares of the company's stock, valued at $42,500. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Andrew Kang bought 1,500 shares of the firm's stock in a transaction dated Thursday, March 20th. The shares were acquired at an average cost of $85.00 per share, with a total value of $127,500.00. Following the completion of the transaction, the chief financial officer now owns 1,500 shares in the company, valued at approximately $127,500. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 8,000 shares of company stock valued at $680,000 and sold 41,198 shares valued at $13,901,970. 9.16% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Strategy

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank bought a new position in shares of Strategy during the fourth quarter valued at approximately $523,981,000. Amundi grew its position in shares of Strategy by 262.8% during the fourth quarter. Amundi now owns 570,217 shares of the software maker's stock worth $165,146,000 after purchasing an additional 413,028 shares in the last quarter. First Trust Advisors LP increased its stake in Strategy by 266.1% in the 4th 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 during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Strategy during the 4th quarter valued at approximately $81,783,000. Finally, Geode Capital Management LLC lifted its position in shares of Strategy by 10.2% during the fourth quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker's stock worth $881,470,000 after purchasing an additional 281,342 shares during the last quarter. Hedge funds and other institutional investors own 59.84% of the company's stock.

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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