Strategy (NASDAQ:MSTR) Stock Price Down 0.8% - What's Next?

Strategy Incorporated (NASDAQ:MSTR - Get Free Report)'s stock price dropped 0.8% on Tuesday . The company traded as low as $408.77 and last traded at $410.11. Approximately 2,851,966 shares were traded during trading, a decline of 84% from the average daily volume of 18,021,258 shares. The stock had previously closed at $413.42.

Analyst Upgrades and Downgrades

MSTR has been the topic of a number of research reports. Canaccord Genuity Group reissued a "buy" rating on shares of Strategy in a report on Monday, May 19th. Maxim Group increased their target price on shares of Strategy from $480.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Compass Point raised shares of Strategy to a "strong-buy" rating in a report on Wednesday, January 29th. Monness Crespi & Hardt cut shares of Strategy from a "neutral" rating to a "sell" rating and set a $220.00 target price on the stock. in a report on Tuesday, April 1st. Finally, Cantor Fitzgerald reissued a "hold" rating on shares of Strategy in a report on Monday, May 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $514.42.

Strategy Stock Performance

The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The stock's fifty day moving average is $343.24 and its two-hundred day moving average is $340.03. The firm has a market cap of $101.03 billion, a price-to-earnings ratio of -65.60 and a beta of 3.79.

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

Insider Buying and Selling at Strategy

In other news, Director Jarrod M. Patten sold 1,100 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $427.00, for a total transaction of $469,700.00. Following the completion of the transaction, the director now owns 9,170 shares in the company, valued at approximately $3,915,590. This trade represents a 10.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Wei-Ming Shao acquired 500 shares of Strategy stock in a transaction dated Thursday, March 20th. The shares were acquired at an average price of $85.00 per share, with a total value of $42,500.00. Following the transaction, 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. In the last 90 days, insiders have purchased 8,000 shares of company stock valued at $680,000 and have sold 46,836 shares valued at $16,214,791. 9.16% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Strategy

Several large investors have recently made changes to their positions in MSTR. Norges Bank bought a new position in shares of Strategy during the 4th quarter valued at about $523,981,000. Amundi boosted its holdings in shares of Strategy by 262.8% in the fourth quarter. Amundi now owns 570,217 shares of the software maker's stock worth $165,146,000 after buying an additional 413,028 shares during the period. First Trust Advisors LP boosted its holdings in shares of Strategy by 266.1% in the fourth quarter. First Trust Advisors LP now owns 417,574 shares of the software maker's stock worth $120,938,000 after buying an additional 303,517 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Strategy in the fourth quarter worth about $81,783,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Strategy by 10.2% in the fourth quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker's stock worth $881,470,000 after buying an additional 281,342 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.