Strategy (NASDAQ:MSTR) Trading Down 1.8% After Analyst Downgrade

Strategy Incorporated (NASDAQ:MSTR - Get Free Report)'s share price fell 1.8% on Tuesday after Cantor Fitzgerald lowered their price target on the stock from $619.00 to $614.00. Cantor Fitzgerald currently has an overweight rating on the stock. Strategy traded as low as $377.77 and last traded at $379.39. 3,679,573 shares were traded during mid-day trading, a decline of 80% from the average session volume of 17,968,494 shares. The stock had previously closed at $386.53.

Other equities research analysts have also recently issued research reports about the company. Canaccord Genuity Group upped their price target on Strategy from $409.00 to $464.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. HC Wainwright started coverage on Strategy in a research note on Tuesday, April 29th. They set a "buy" rating and a $480.00 price objective for the company. Monness Crespi & Hardt lowered shares of Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price objective on the stock. in a research note on Tuesday, April 1st. Keefe, Bruyette & Woods assumed coverage on shares of Strategy in a research note on Friday, February 7th. They set an "outperform" rating and a $560.00 price objective on the stock. Finally, Barclays decreased their price target on Strategy from $515.00 to $421.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $514.42.

Insider Buying and Selling

In other Strategy news, CAO Jeanine Montgomery sold 481 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $329.27, for a total transaction of $158,378.87. Following the sale, the chief accounting officer now directly owns 7,805 shares of the company's stock, valued at $2,569,952.35. The trade was a 5.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Wei-Ming Shao bought 500 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was bought at an average cost of $85.00 per share, for a total transaction of $42,500.00. Following the transaction, the executive vice president now owns 500 shares of the company's stock, valued at $42,500. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 8,000 shares of company stock worth $680,000 and sold 38,998 shares worth $12,997,770. 9.16% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Strategy

Several institutional investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC raised its stake in Strategy by 855.6% during the fourth 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 purchased a new stake in Strategy during the fourth quarter valued at about $25,000. IAG Wealth Partners LLC purchased a new stake in shares of Strategy in the fourth quarter worth $25,000. Dunhill Financial LLC bought a new stake in shares of Strategy during the 4th quarter worth $26,000. Finally, Safe Harbor Fiduciary LLC lifted its holdings in shares of Strategy by 820.0% in the 4th quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker's stock worth $27,000 after acquiring an additional 82 shares during the last quarter. 59.84% of the stock is currently owned by institutional investors.

Strategy Price Performance

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 company has a market capitalization of $104.70 billion, a PE ratio of -72.22 and a beta of 3.79. The firm has a fifty day moving average of $312.32 and a two-hundred day moving average of $325.80.

Strategy (NASDAQ:MSTR - Get Free Report) last released its earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 251.73% and a negative return on equity of 19.01%. Strategy's revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.83) earnings per share.

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.