Strategy (NASDAQ:MSTR) Stock Price Up 2.9% - What's Next?

Shares of Strategy Incorporated (NASDAQ:MSTR - Get Free Report) were up 2.9% on Monday . The company traded as high as $384.62 and last traded at $385.46. Approximately 2,975,601 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 18,037,733 shares. The stock had previously closed at $374.47.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MSTR. UBS Group reissued a "buy" rating on shares of Strategy in a report on Friday, May 16th. Monness Crespi & Hardt cut shares of Strategy from a "neutral" rating to a "sell" rating and set a $220.00 target price for the company. in a report on Tuesday, April 1st. Cantor Fitzgerald restated a "hold" rating on shares of Strategy in a research note on Monday, May 19th. Barclays reiterated a "hold" rating on shares of Strategy in a research report on Monday, May 19th. Finally, BTIG Research reiterated a "buy" rating on shares of Strategy in a report on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $514.42.

Strategy Stock Performance

The business has a 50-day moving average of $355.18 and a 200 day moving average of $341.67. 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 $107.57 billion, a PE ratio of -69.84 and a beta of 3.73.

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

Insider Buying and Selling at Strategy

In related news, CAO Jeanine Montgomery sold 481 shares of Strategy stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $329.27, for a total transaction of $158,378.87. Following the transaction, the chief accounting officer now directly owns 7,805 shares of the company's stock, valued at $2,569,952.35. This trade represents a 5.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Carl J. Rickertsen sold 980 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $379.07, for a total value of $371,488.60. The disclosure for this sale can be found here. In the last quarter, insiders bought 18,000 shares of company stock worth $1,693,800 and sold 84,406 shares worth $30,157,006. 8.46% of the stock is currently owned by company insiders.

Institutional Trading of Strategy

A number of institutional investors have recently modified their holdings of the company. Geode Capital Management LLC grew its position in Strategy by 10.2% during the 4th quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker's stock worth $881,470,000 after purchasing an additional 281,342 shares during the period. Norges Bank acquired a new stake in Strategy in the fourth quarter valued at approximately $523,981,000. Northern Trust Corp lifted its position in shares of Strategy by 24.4% during the 4th quarter. Northern Trust Corp now owns 1,076,185 shares of the software maker's stock valued at $311,685,000 after buying an additional 210,997 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Strategy by 25.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 802,464 shares of the software maker's stock worth $232,410,000 after purchasing an additional 162,757 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position 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 during the period. 59.84% of the stock is currently owned by 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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