Strategy (NASDAQ:MSTR) Trading Down 2.7% - Here's Why

Strategy Incorporated (NASDAQ:MSTR - Get Free Report) shares were down 2.7% during mid-day trading on Tuesday . The company traded as low as $372.57 and last traded at $371.83. Approximately 2,874,943 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 17,906,075 shares. The stock had previously closed at $382.25.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Canaccord Genuity Group restated a "buy" rating on shares of Strategy in a report on Monday, May 19th. UBS Group reissued a "buy" rating on shares of Strategy in a report on Friday, May 16th. BTIG Research restated a "buy" rating on shares of Strategy in a research note on Wednesday, May 14th. Monness Crespi & Hardt lowered shares of Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price target on the stock. in a research note on Tuesday, April 1st. Finally, Barclays reissued a "hold" rating on shares of Strategy in a report on Monday, May 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $514.42.

Strategy Stock Down 3.5%

The stock has a market cap of $100.82 billion, a P/E ratio of -65.44 and a beta of 3.73. The firm's fifty day moving average is $368.83 and its 200 day moving average is $341.46. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

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 the consensus estimate of ($0.02) by ($16.47). Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%. The business had revenue of $111.07 million during the quarter, compared to analyst estimates of $116.66 million. During the same period last year, the company earned ($0.83) EPS. The business's revenue for the quarter was down 3.6% on a year-over-year basis.

Insider Transactions at Strategy

In related news, EVP Wei-Ming Shao acquired 500 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were bought at an average cost of $85.00 per share, for a total transaction of $42,500.00. Following the completion of the transaction, the executive vice president now owns 500 shares in the company, valued at approximately $42,500. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Andrew Kang purchased 1,500 shares of the company's stock in a transaction dated Thursday, March 20th. The stock was bought at an average cost of $85.00 per share, for a total transaction of $127,500.00. Following the completion of the transaction, the chief financial officer now owns 1,500 shares in the company, valued at approximately $127,500. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 33,277 shares of company stock worth $2,992,345 and sold 93,619 shares worth $33,607,643. Company insiders own 8.46% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MSTR. Proficio Capital Partners LLC purchased a new stake in Strategy during the 4th quarter valued at about $81,783,000. Charles Schwab Investment Management Inc. raised its holdings in Strategy by 14.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker's stock worth $220,626,000 after purchasing an additional 97,515 shares during the last quarter. Chung Wu Investment Group LLC purchased a new stake in Strategy during the 4th quarter worth about $850,000. Crew Capital Management Ltd. acquired a new position in shares of Strategy in the 4th quarter valued at $333,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Strategy during the fourth quarter worth about $11,020,000. 59.84% of the stock is owned by institutional investors and hedge funds.

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.