Strategy (NASDAQ:MSTR) Stock Price Down 3.5% - Time to Sell?

Strategy Incorporated (NASDAQ:MSTR - Get Free Report) shares were down 3.5% during mid-day trading on Wednesday . The stock traded as low as $360.00 and last traded at $359.09. Approximately 3,442,785 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 18,096,728 shares. The stock had previously closed at $372.20.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on MSTR shares. 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 on the stock. Canaccord Genuity Group reissued a "buy" rating on shares of Strategy in a research note on Monday, May 19th. Cantor Fitzgerald reissued a "hold" rating on shares of Strategy in a research note on Monday, May 19th. BTIG Research restated a "buy" rating on shares of Strategy in a research note on Wednesday, May 14th. Finally, Monness Crespi & Hardt downgraded Strategy from a "neutral" rating to a "sell" rating and set a $220.00 target price for the company. in a research note on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $514.42.

Strategy Price Performance

The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The business has a 50-day moving average price of $348.31 and a two-hundred day moving average price of $342.42. The company has a market capitalization of $99.73 billion, a price-to-earnings ratio of -64.76 and a beta of 3.79.

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

Insider Activity at Strategy

In related news, Director Jarrod M. Patten sold 1,100 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $427.00, for a total value of $469,700.00. Following the completion of the sale, the director now directly owns 9,170 shares of the company's stock, valued at approximately $3,915,590. This represents a 10.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Wei-Ming Shao purchased 500 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was 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 in the company, valued at $42,500. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders purchased 18,000 shares of company stock valued at $1,693,800 and sold 47,486 shares valued at $16,456,090. 9.16% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Strategy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Riverview Trust Co bought a new position in Strategy in the 4th quarter valued at $25,000. IAG Wealth Partners LLC bought a new position in Strategy in the 4th quarter valued at $25,000. Quadrant Capital Group LLC grew its stake in Strategy by 855.6% in the 4th 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 during the period. Dunhill Financial LLC bought a new position in Strategy in the 4th quarter valued at $26,000. Finally, Parkside Financial Bank & Trust grew its stake in Strategy by 422.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker's stock valued at $27,000 after purchasing an additional 76 shares during the period. 59.84% of the stock is owned by hedge funds and other institutional investors.

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.