Strategy (NASDAQ:MSTR) Stock Price Down 4.8% on Analyst Downgrade

Strategy Incorporated (NASDAQ:MSTR - Get Free Report)'s share price dropped 4.8% on Monday after Cantor Fitzgerald lowered their price target on the stock from $619.00 to $614.00. Cantor Fitzgerald currently has an overweight rating on the stock. Strategy traded as low as $374.20 and last traded at $375.42. Approximately 5,144,376 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 17,989,817 shares. The stock had previously closed at $394.37.

MSTR has been the subject of a number of other reports. Compass Point upgraded Strategy to a "strong-buy" rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods initiated coverage on shares of Strategy in a research note on Friday, February 7th. They issued an "outperform" rating and a $560.00 price objective for the company. HC Wainwright assumed coverage on shares of Strategy in a research note on Tuesday, April 29th. They set a "buy" rating and a $480.00 target price on the stock. Mizuho assumed coverage on Strategy in a research report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 price objective on the stock. Finally, Benchmark reiterated a "buy" rating and issued a $650.00 price objective on shares of Strategy in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $509.92.

Insider Buying and Selling

In related news, Director Jarrod M. Patten sold 3,100 shares of Strategy stock in a transaction on Friday, April 25th. The shares were sold at an average price of $365.33, for a total value of $1,132,523.00. Following the transaction, the director now directly owns 4,970 shares in the company, valued at $1,815,690.10. This trade represents a 38.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Wei-Ming Shao bought 500 shares of Strategy stock in a transaction dated Thursday, March 20th. The stock was purchased at an average price of $85.00 per share, with a total value of $42,500.00. Following the purchase, the executive vice president now directly owns 500 shares in the company, valued at approximately $42,500. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 8,000 shares of company stock valued at $680,000 and have sold 37,798 shares valued at $12,535,866. Corporate insiders own 9.16% of the company's stock.

Institutional Trading of Strategy

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Proficio Capital Partners LLC acquired a new position in Strategy during the fourth quarter worth $81,783,000. Clarity Capital Partners LLC raised its position in Strategy by 122.3% during the fourth quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker's stock worth $7,274,000 after acquiring an additional 13,817 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Strategy in the third quarter valued at about $254,000. Charles Schwab Investment Management Inc. increased its stake in shares of Strategy by 14.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker's stock worth $220,626,000 after purchasing an additional 97,515 shares in the last quarter. Finally, Stonehearth Capital Management LLC acquired a new position in shares of Strategy during the 4th quarter worth approximately $580,000. Institutional investors and hedge funds own 59.84% of the company's stock.

Strategy Trading Down 4.5 %

The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The business has a 50 day moving average of $304.20 and a 200-day moving average of $323.72. The stock has a market cap of $96.97 billion, a PE ratio of -66.72 and a beta of 3.79.

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). The firm had revenue of $111.07 million during the quarter, compared to analysts' expectations of $116.66 million. Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%. The company's quarterly revenue was down 3.6% compared to the same quarter last year. During the same period last year, the business posted ($0.83) earnings per share.

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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