Strategy (NASDAQ:MSTR) Trading Down 1.3% on Insider Selling

Strategy Incorporated (NASDAQ:MSTR - Get Free Report)'s stock price was down 1.3% on Tuesday after an insider sold shares in the company. The company traded as low as $383.60 and last traded at $387.19. Approximately 2,755,523 shares changed hands during trading, a decline of 85% from the average daily volume of 18,006,452 shares. The stock had previously closed at $392.12.

Specifically, CEO Phong Le sold 5,295 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $374.54, for a total value of $1,983,189.30. Following the completion of the transaction, the chief executive officer now owns 24,790 shares of the company's stock, valued at $9,284,846.60. The trade was a 17.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Andrew Kang sold 1,877 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $374.54, for a total transaction of $703,011.58. Following the sale, the chief financial officer now owns 24,460 shares in the company, valued at $9,161,248.40. The trade was a 7.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In other news, EVP Wei-Ming Shao sold 1,701 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $374.54, for a total value of $637,092.54. Following the completion of the transaction, the executive vice president now directly owns 12,726 shares in the company, valued at approximately $4,766,396.04. The trade was a 11.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MSTR shares. Monness Crespi & Hardt cut shares of Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price objective on the stock. in a research note on Tuesday, April 1st. BTIG Research reissued a "buy" rating on shares of Strategy in a research note on Wednesday, May 14th. Cantor Fitzgerald reaffirmed a "hold" rating on shares of Strategy in a research report on Monday, May 19th. UBS Group reaffirmed a "buy" rating on shares of Strategy in a report on Friday, May 16th. Finally, HC Wainwright started coverage on Strategy in a research note on Tuesday, April 29th. They issued a "buy" rating and a $480.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $514.42.

Strategy Price Performance

The firm has a 50-day moving average price of $358.95 and a 200 day moving average price of $341.80. The stock has a market capitalization of $106.46 billion, a P/E ratio of -69.15 and a beta of 3.73. 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 earnings results 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 net margin of 251.73% and a negative return on equity of 19.01%. The company had revenue of $111.07 million for the quarter, compared to analysts' expectations of $116.66 million. During the same quarter in the prior year, the company earned ($0.83) earnings per share. The company's revenue was down 3.6% compared to the same quarter last year.

Institutional Trading of Strategy

A number of institutional investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC increased its stake in shares of 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 buying an additional 77 shares during the period. Riverview Trust Co bought a new stake in Strategy in the 4th quarter worth $25,000. IAG Wealth Partners LLC bought a new position in shares of Strategy during the fourth quarter valued at about $25,000. Dunhill Financial LLC bought a new position in shares of Strategy during the fourth quarter valued at about $26,000. Finally, Safe Harbor Fiduciary LLC grew its stake in shares of Strategy by 820.0% in the fourth quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker's stock worth $27,000 after purchasing an additional 82 shares during 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.