Strategy (NASDAQ:MSTR) Trading Up 1.1% - What's Next?

Strategy Incorporated (NASDAQ:MSTR - Get Free Report)'s stock price shot up 1.1% during trading on Monday . The stock traded as high as $375.28 and last traded at $373.06. 2,857,152 shares changed hands during trading, a decline of 84% from the average session volume of 18,076,857 shares. The stock had previously closed at $369.06.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Maxim Group upped their price objective on shares of Strategy from $480.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Cantor Fitzgerald reissued a "hold" rating on shares of Strategy in a report on Monday, May 19th. UBS Group reiterated a "buy" rating on shares of Strategy in a research report on Friday, May 16th. BTIG Research reiterated a "buy" rating on shares of Strategy in a research report on Wednesday, May 14th. Finally, Canaccord Genuity Group reiterated a "buy" 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 assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $514.42.

Strategy Trading Up 4.1%

The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $105.92 billion, a P/E ratio of -68.78 and a beta of 3.79. The company has a fifty day simple moving average of $350.42 and a two-hundred day simple moving average of $343.15.

Strategy (NASDAQ:MSTR - Get Free Report) last announced its earnings results on Thursday, May 1st. The software maker reported ($16.49) 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 analyst estimates of $116.66 million. Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%. The business's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.83) EPS.

Insiders Place Their Bets

In related news, CAO Jeanine Montgomery sold 481 shares of Strategy 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 completion of the sale, the chief accounting officer now owns 7,805 shares of the company's stock, valued at approximately $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 accessible through the SEC website. Also, Director Carl J. Rickertsen sold 26,390 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $372.40, for a total value of $9,827,636.00. Following the sale, the director now owns 980 shares of the company's stock, valued at approximately $364,952. This represents a 96.42% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 18,000 shares of company stock valued at $1,693,800 and have sold 83,426 shares valued at $29,785,518. Insiders own 9.16% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new position in shares of Strategy in the fourth quarter valued at about $81,783,000. Clarity Capital Partners LLC boosted its holdings in Strategy by 122.3% in the 4th quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker's stock valued at $7,274,000 after purchasing an additional 13,817 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Strategy by 14.7% during the 4th 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 in the last quarter. Chung Wu Investment Group LLC acquired a new position in shares of Strategy during the 4th quarter worth approximately $850,000. Finally, Crew Capital Management Ltd. bought a new position in shares of Strategy during the fourth quarter worth approximately $333,000. 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.