Strategy (NASDAQ:MSTR) Stock Price Up 1% - Still a Buy?

Strategy Incorporated (NASDAQ:MSTR - Get Free Report)'s share price traded up 1% on Wednesday . The stock traded as high as $420.78 and last traded at $421.13. 5,097,744 shares traded hands during trading, a decline of 72% from the average session volume of 18,010,647 shares. The stock had previously closed at $416.92.

Analyst Ratings Changes

Several analysts recently commented on the company. Compass Point raised Strategy to a "strong-buy" rating in a research note on Wednesday, January 29th. Monness Crespi & Hardt downgraded shares of Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price objective for the company. in a research report on Tuesday, April 1st. Barclays reaffirmed a "hold" rating on shares of Strategy in a research note on Monday. UBS Group restated a "buy" rating on shares of Strategy in a research note on Friday, May 16th. Finally, Maxim Group lifted their price objective on shares of Strategy from $480.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, 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 current ratio of 0.71 and a quick ratio of 0.65. The company has a market cap of $110.66 billion, a PE ratio of -73.15 and a beta of 3.79. The company's fifty day moving average price is $337.30 and its 200 day moving average price is $337.39.

Strategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings data 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 return on equity of 19.01% and a negative net margin of 251.73%. The business had revenue of $111.07 million during the quarter, compared to analysts' expectations of $116.66 million. During the same period in the prior year, the firm posted ($0.83) EPS. The firm's revenue for the quarter was down 3.6% on a year-over-year basis.

Insider Activity at Strategy

In other news, CAO Jeanine Montgomery sold 481 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $329.27, for a total transaction of $158,378.87. Following the completion of the transaction, the chief accounting officer now owns 7,805 shares in the company, valued at approximately $2,569,952.35. This represents a 5.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jarrod M. Patten sold 1,100 shares of Strategy stock in a transaction dated 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 trade represents a 10.71% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 8,000 shares of company stock worth $680,000 and sold 41,198 shares worth $13,901,970. 9.16% of the stock is owned by company insiders.

Institutional Investors Weigh In On Strategy

Several institutional investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. lifted its stake in shares of Strategy by 3.3% during the 3rd quarter. Franklin Resources Inc. now owns 4,248 shares of the software maker's stock valued at $716,000 after buying an additional 135 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Strategy by 94.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 4,988 shares of the software maker's stock worth $1,445,000 after acquiring an additional 2,423 shares in the last quarter. HB Wealth Management LLC boosted its holdings in shares of Strategy by 45.7% in the fourth quarter. HB Wealth Management LLC now owns 2,737 shares of the software maker's stock worth $797,000 after acquiring an additional 858 shares during the period. Diversify Wealth Management LLC bought a new position in shares of Strategy in the fourth quarter worth $1,271,000. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of Strategy by 3.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,083 shares of the software maker's stock valued at $603,000 after purchasing an additional 65 shares in the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

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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