Strategy (NASDAQ:MSTR) Trading Down 1% on Insider Selling

Strategy Incorporated (NASDAQ:MSTR - Get Free Report)'s share price was down 1% during trading on Wednesday following insider selling activity. The company traded as low as $415.36 and last traded at $417.38. Approximately 4,469,708 shares were traded during trading, a decline of 75% from the average daily volume of 18,063,672 shares. The stock had previously closed at $421.61.

Specifically, Director Jarrod M. Patten sold 1,100 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $427.00, for a total value of $469,700.00. Following the sale, the director now owns 9,170 shares in the company, valued at $3,915,590. This represents a 10.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jarrod M. Patten sold 1,100 shares of the company's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $395.00, for a total transaction of $434,500.00. Following the completion of the sale, the director now owns 9,170 shares in the company, valued at $3,622,150. This represents a 10.71% decrease in their position. The disclosure for this sale can be found here.

Wall Street Analysts Forecast Growth

MSTR has been the subject of several analyst reports. Keefe, Bruyette & Woods initiated coverage on shares of Strategy in a report on Friday, February 7th. They issued an "outperform" rating and a $560.00 target price for the company. BTIG Research restated a "buy" rating on shares of Strategy in a research note on Wednesday. Monness Crespi & Hardt downgraded Strategy from a "neutral" rating to a "sell" rating and set a $220.00 target price for the company. in a research report on Tuesday, April 1st. Canaccord Genuity Group lifted their price objective on Strategy from $409.00 to $464.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Finally, Cantor Fitzgerald lowered their price target on shares of Strategy from $619.00 to $614.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $514.42.

Strategy Trading Down 0.7%

The stock has a market cap of $114.44 billion, a P/E ratio of -74.03 and a beta of 3.79. 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 stock's fifty day moving average price is $322.68 and its 200 day moving average price is $331.77.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in MSTR. Quantbot Technologies LP purchased a new stake in shares of Strategy during the 1st quarter valued at about $1,049,000. Alpha Family Trust purchased a new stake in shares of Strategy in the 1st quarter worth $320,000. Mill Creek Capital Advisors LLC increased its stake in shares of Strategy by 2.8% in the 1st quarter. Mill Creek Capital Advisors LLC now owns 1,701 shares of the software maker's stock worth $490,000 after purchasing an additional 46 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its stake in shares of Strategy by 2.0% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 34,485 shares of the software maker's stock worth $9,941,000 after purchasing an additional 665 shares in the last quarter. Finally, Ethic Inc. raised its stake in Strategy by 43.2% during the 1st quarter. Ethic Inc. now owns 1,642 shares of the software maker's stock worth $502,000 after acquiring an additional 495 shares during the period. 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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