Strategy (NASDAQ:MSTR) Trading 1.3% Higher - Here's Why

Strategy Incorporated (NASDAQ:MSTR - Get Free Report)'s share price traded up 1.3% on Friday . The company traded as high as $402.68 and last traded at $402.29. 4,235,706 shares were traded during trading, a decline of 77% from the average session volume of 18,046,951 shares. The stock had previously closed at $397.03.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MSTR shares. Canaccord Genuity Group boosted their target price on shares of Strategy from $409.00 to $464.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Monness Crespi & Hardt lowered shares of Strategy from a "neutral" rating to a "sell" rating and set a $220.00 target price on the stock. in a report on Tuesday, April 1st. Compass Point raised Strategy to a "strong-buy" rating in a research note on Wednesday, January 29th. Cantor Fitzgerald lowered their price target on Strategy from $619.00 to $614.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Finally, HC Wainwright assumed coverage on shares of Strategy in a research report on Tuesday, April 29th. They set a "buy" rating and a $480.00 price target on the stock. One analyst has rated the stock with a sell rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $514.42.

Strategy Stock Performance

The firm has a market capitalization of $109.49 billion, a PE ratio of -71.33 and a beta of 3.79. The firm's 50 day moving average price is $328.43 and its 200-day moving average price is $333.34. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71.

Strategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly earnings data 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 for 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 business's quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.83) EPS.

Insider Activity at Strategy

In related news, Director Jarrod M. Patten sold 1,100 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $427.00, for a total transaction of $469,700.00. Following the sale, the director now owns 9,170 shares of the company's stock, valued at approximately $3,915,590. The trade was a 10.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Wei-Ming Shao acquired 500 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The stock was acquired at an average price of $85.00 per share, for a total transaction of $42,500.00. Following the completion of the transaction, the executive vice president now directly owns 500 shares in the company, valued at approximately $42,500. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 8,000 shares of company stock valued at $680,000 and have sold 41,198 shares valued at $13,901,970. 9.16% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Titleist Asset Management LLC grew its position in Strategy by 208.9% in the first quarter. Titleist Asset Management LLC now owns 19,720 shares of the software maker's stock valued at $5,685,000 after acquiring an additional 13,337 shares in the last quarter. Gordian Capital Singapore Pte Ltd lifted its stake in Strategy by 11.0% during the first quarter. Gordian Capital Singapore Pte Ltd now owns 1,010 shares of the software maker's stock worth $292,000 after purchasing an additional 100 shares during the last quarter. Wealth Preservation Advisors LLC bought a new stake in shares of Strategy during the 1st quarter valued at about $375,000. Corebridge Financial Inc. lifted its holdings in shares of Strategy by 26.8% in the 1st quarter. Corebridge Financial Inc. now owns 16,691 shares of the software maker's stock worth $4,812,000 after purchasing an additional 3,527 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in shares of Strategy by 43.0% during the first quarter. MetLife Investment Management LLC now owns 4,790 shares of the software maker's stock valued at $1,381,000 after acquiring an additional 1,440 shares during the period. Hedge funds and other institutional investors own 59.84% of the company's stock.

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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