Strategy (NASDAQ:MSTR) Trading Up 0.7% - What's Next?

Strategy Incorporated (NASDAQ:MSTR - Get Free Report) shares shot up 0.7% during mid-day trading on Thursday . The company traded as high as $426.32 and last traded at $405.33. 7,399,473 shares traded hands during trading, a decline of 59% from the average session volume of 18,040,449 shares. The stock had previously closed at $402.69.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on MSTR shares. Barclays reiterated a "hold" rating on shares of Strategy in a report on Monday. BTIG Research reaffirmed a "buy" rating on shares of Strategy in a research note on Wednesday, May 14th. HC Wainwright assumed coverage on shares of Strategy in a research note on Tuesday, April 29th. They set a "buy" rating and a $480.00 price target on the stock. Mizuho began coverage on shares of Strategy in a report on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 price objective for the company. Finally, Canaccord Genuity Group reiterated a "buy" rating on shares of Strategy in a research report on Monday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Strategy has a consensus rating of "Moderate Buy" and a consensus price target of $514.42.

Strategy Stock Performance

The stock has a market cap of $110.75 billion, a PE ratio of -71.89 and a beta of 3.79. The stock has a 50-day moving average of $339.41 and a 200 day moving average of $337.84. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39.

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). Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%. The company had revenue of $111.07 million during the quarter, compared to analyst estimates of $116.66 million. During the same quarter in the previous year, the business posted ($0.83) earnings per share. The firm's revenue was down 3.6% on a year-over-year basis.

Insider Activity

In other Strategy news, Director Leslie J. Rechan sold 15,000 shares of the firm's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the transaction, the director now directly owns 4,970 shares of the company's stock, valued at approximately $1,669,423. This trade represents a 75.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Jeanine Montgomery sold 481 shares of Strategy stock in a transaction on Monday, March 24th. The shares were sold at an average price of $329.27, for a total transaction of $158,378.87. Following the completion of the transaction, the chief accounting officer now owns 7,805 shares in the company, valued at approximately $2,569,952.35. This represents a 5.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 8,000 shares of company stock valued at $680,000 and sold 46,836 shares valued at $16,214,791. Corporate insiders own 9.16% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Maryland State Retirement & Pension System grew its position in Strategy by 0.3% in the 4th quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker's stock valued at $2,604,000 after buying an additional 30 shares during the last quarter. Family Management Corp boosted its holdings in Strategy by 2.2% in the 4th quarter. Family Management Corp now owns 1,370 shares of the software maker's stock valued at $397,000 after purchasing an additional 30 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its holdings in shares of Strategy by 3.2% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker's stock valued at $324,000 after buying an additional 35 shares during the period. Oder Investment Management LLC boosted its position in shares of Strategy by 3.1% during the 4th quarter. Oder Investment Management LLC now owns 1,268 shares of the software maker's stock worth $367,000 after purchasing an additional 38 shares in the last quarter. Finally, Summit Financial LLC boosted its holdings in Strategy by 5.3% during the first quarter. Summit Financial LLC now owns 815 shares of the software maker's stock worth $235,000 after buying an additional 41 shares in the last quarter. 59.84% of the stock is currently 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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