Strategy (NASDAQ:MSTR) Trading Down 2% on Insider Selling

Strategy Incorporated (NASDAQ:MSTR - Get Free Report) was down 2% during trading on Monday following insider selling activity. The company traded as low as $401.38 and last traded at $407.58. Approximately 6,080,009 shares were traded during trading, a decline of 66% from the average daily volume of 18,061,710 shares. The stock had previously closed at $416.03.

Specifically, Director Jarrod M. Patten sold 1,100 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $395.00, for a total transaction of $434,500.00. Following the transaction, the director now owns 9,170 shares in the company, valued at $3,622,150. This trade represents a 10.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jarrod M. Patten sold 1,200 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $384.92, for a total value of $461,904.00. Following the transaction, the director now owns 9,170 shares in the company, valued at $3,529,716.40. This trade represents a 11.57% decrease in their position. The disclosure for this sale can be found here.

Wall Street Analyst Weigh In

MSTR has been the topic of a number of research reports. Maxim Group raised their price objective on Strategy from $480.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Monness Crespi & Hardt lowered Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price objective on the stock. in a report on Tuesday, April 1st. Compass Point upgraded Strategy to a "strong-buy" rating in a report on Wednesday, January 29th. Mizuho began coverage on Strategy in a report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 price target on the stock. Finally, HC Wainwright began coverage on Strategy in a report on Tuesday, April 29th. They set a "buy" rating and a $480.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $514.42.

Strategy Stock Down 1.8%

The firm has a 50 day moving average price of $318.40 and a 200-day moving average price of $329.95. 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 firm has a market cap of $111.73 billion, a PE ratio of -72.48 and a beta of 3.79.

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 the consensus estimate of ($0.02) by ($16.47). The company had revenue of $111.07 million during 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 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.

Institutional Investors Weigh In On Strategy

Several institutional investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. grew its holdings in Strategy by 3.3% during the third quarter. Franklin Resources Inc. now owns 4,248 shares of the software maker's stock worth $716,000 after acquiring an additional 135 shares during the period. First Hawaiian Bank purchased a new stake in Strategy during the 4th quarter worth approximately $321,000. HBW Advisory Services LLC purchased a new stake in Strategy during the 4th quarter worth approximately $325,000. Graypoint LLC purchased a new stake in Strategy during the 4th quarter worth approximately $298,000. Finally, Fiduciary Alliance LLC increased its holdings in Strategy by 91.8% in the fourth quarter. Fiduciary Alliance LLC now owns 31,014 shares of the software maker's stock valued at $8,982,000 after buying an additional 14,843 shares during 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.

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