Strategy (NASDAQ:MSTR) Trading 4.2% Higher - Here's Why

Strategy Incorporated (NASDAQ:MSTR - Get Free Report) traded up 4.2% during trading on Thursday . The stock traded as high as $410.92 and last traded at $409.16. 6,669,588 shares changed hands during trading, a decline of 63% from the average session volume of 17,967,779 shares. The stock had previously closed at $392.48.

Analysts Set New Price Targets

A number of brokerages have commented on MSTR. Keefe, Bruyette & Woods began coverage on shares of Strategy in a report on Friday, February 7th. They set an "outperform" rating and a $560.00 target price for the company. Canaccord Genuity Group increased their target price on shares of Strategy from $409.00 to $464.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Benchmark reiterated a "buy" rating and issued a $650.00 price target on shares of Strategy in a research report on Tuesday, January 14th. Compass Point upgraded shares of Strategy to a "strong-buy" rating in a research report on Wednesday, January 29th. Finally, Maxim Group upped their target price on shares of Strategy from $480.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Strategy has an average rating of "Moderate Buy" and an average target price of $514.42.

Strategy Stock Performance

The stock has a market cap of $106.64 billion, a PE ratio of -73.56 and a beta of 3.79. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The firm has a fifty day moving average price of $312.32 and a 200 day moving average price of $325.80.

Strategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($16.47). The business 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 period in the prior year, the business posted ($0.83) earnings per share.

Insider Activity

In other news, CFO Andrew Kang purchased 1,500 shares of the stock in a transaction dated Thursday, March 20th. The shares were purchased at an average price of $85.00 per share, with a total value of $127,500.00. Following the transaction, the chief financial officer now owns 1,500 shares in the company, valued at $127,500. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jarrod M. Patten sold 1,200 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $384.92, for a total transaction of $461,904.00. Following the sale, the director now owns 9,170 shares of the company's stock, valued at approximately $3,529,716.40. The trade was a 11.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders acquired 8,000 shares of company stock worth $680,000 and sold 38,998 shares worth $12,997,770. Company insiders own 9.16% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of MSTR. Quadrant Capital Group LLC lifted its stake in Strategy by 855.6% during the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock worth $25,000 after acquiring an additional 77 shares in the last quarter. Riverview Trust Co acquired a new position in shares of Strategy in the fourth quarter valued at approximately $25,000. IAG Wealth Partners LLC purchased a new stake in Strategy during the 4th quarter worth approximately $25,000. Dunhill Financial LLC purchased a new position in Strategy in the 4th quarter valued at approximately $26,000. Finally, Safe Harbor Fiduciary LLC grew its stake in shares of Strategy by 820.0% in the fourth quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker's stock worth $27,000 after acquiring an additional 82 shares in the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.