Strategy (NASDAQ:MSTR) Stock Price Down 1.4% - Here's What Happened

Key Points

• Strategy Inc (NASDAQ:MSTR) saw its stock price decrease by 1.4% during midday trading, falling to $323.31 from a previous close of $327.78, with trading volume dropping 39% from the average.
• Analysts have set a consensus price target of $547.50 for Strategy, with eleven analysts
• Insider transactions indicate confidence, with directors purchasing a total of shares valued at approximately $1.1 million recently, reflecting a significant increase in their positions.

Strategy Inc (NASDAQ:MSTR - Get Free Report)'s stock price fell 1.4% during mid-day trading on Wednesday . The company traded as low as $323.14 and last traded at $323.31. 9,024,774 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 14,791,929 shares. The stock had previously closed at $327.78.

Analysts Set New Price Targets

A number of equities analysts recently commented on MSTR shares. BTIG Research lifted their price target on Strategy from $620.00 to $700.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Cantor Fitzgerald reiterated an "overweight" rating on shares of Strategy in a report on Wednesday, August 13th. Canaccord Genuity Group reiterated a "buy" rating and set a $464.00 price target on shares of Strategy in a report on Tuesday, August 26th. Cowen reiterated a "buy" rating on shares of Strategy in a report on Wednesday, August 13th. Finally, Benchmark reiterated a "buy" rating on shares of Strategy in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $547.50.

Strategy Trading Down 1.4%

The company has a market cap of $91.68 billion, a P/E ratio of 28.46 and a beta of 3.82. The business has a fifty day moving average price of $367.20 and a 200-day moving average price of $359.69. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17.

Strategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The software maker reported $32.60 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $32.72. The business had revenue of $114.49 million during the quarter, compared to analysts' expectations of $112.68 million. Strategy had a return on equity of 18.83% and a net margin of 1,036.61%.The firm's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($5.74) earnings per share. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Insiders Place Their Bets

In related news, Director Gregg Winiarski purchased 10,000 shares of the business's stock in a transaction that occurred on Friday, August 8th. The stock was acquired at an average cost of $97.65 per share, for a total transaction of $976,500.00. Following the completion of the purchase, the director owned 10,000 shares in the company, valued at approximately $976,500. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jane A. Dietze purchased 1,500 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The stock was bought at an average price of $90.00 per share, with a total value of $135,000.00. Following the completion of the purchase, the director owned 1,500 shares of the company's stock, valued at $135,000. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 265,474 shares of company stock valued at $24,056,259 and sold 152,150 shares valued at $62,847,251. 8.46% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. State Street Corp raised its position in Strategy by 9.9% during the second quarter. State Street Corp now owns 5,484,569 shares of the software maker's stock valued at $2,217,027,000 after purchasing an additional 495,278 shares in the last quarter. Norges Bank acquired a new position in shares of Strategy during the second quarter worth $1,203,062,000. Amundi increased its holdings in shares of Strategy by 378.9% during the second quarter. Amundi now owns 1,783,982 shares of the software maker's stock worth $717,660,000 after buying an additional 1,411,500 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Strategy by 14.0% during the second quarter. Invesco Ltd. now owns 1,398,098 shares of the software maker's stock worth $565,153,000 after buying an additional 171,940 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Strategy by 19.1% during the second quarter. Legal & General Group Plc now owns 1,168,437 shares of the software maker's stock worth $472,317,000 after buying an additional 187,291 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

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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