Strategy (NASDAQ:MSTR) Trading Up 2.6% - Still a Buy?

Strategy Incorporated (NASDAQ:MSTR - Get Free Report) shares were up 2.6% during trading on Friday . The company traded as high as $378.50 and last traded at $378.32. Approximately 3,363,092 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 18,025,972 shares. The stock had previously closed at $368.79.

Analyst Ratings Changes

A number of research analysts have commented on MSTR shares. HC Wainwright started coverage on Strategy in a research report on Tuesday, April 29th. They issued a "buy" rating and a $480.00 price objective on the stock. Maxim Group raised their price target on Strategy from $480.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. BTIG Research restated a "buy" rating on shares of Strategy in a research report on Wednesday, May 14th. Monness Crespi & Hardt lowered Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price target on the stock. in a research report on Tuesday, April 1st. Finally, Cantor Fitzgerald restated a "hold" rating on shares of Strategy in a research report on Monday, May 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $514.42.

Strategy Trading Up 1.5%

The company has a fifty day simple moving average of $355.18 and a two-hundred day simple moving average of $342.89. 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 $102.38 billion, a P/E ratio of -66.48 and a beta of 3.73.

Strategy (NASDAQ:MSTR - Get Free Report) last posted its earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share 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 the consensus estimate 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 was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.83) earnings per share.

Insiders Place Their Bets

In other news, CAO Jeanine Montgomery sold 481 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $329.27, for a total value of $158,378.87. Following the sale, the chief accounting officer now directly owns 7,805 shares in the company, valued at $2,569,952.35. The trade was a 5.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jarrod M. Patten sold 1,100 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $427.00, for a total value of $469,700.00. Following the completion of the sale, the director now owns 9,170 shares in the company, valued at approximately $3,915,590. This trade represents a 10.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 18,000 shares of company stock worth $1,693,800 and have sold 84,406 shares worth $30,157,006. Corporate insiders own 8.46% of the company's stock.

Institutional Trading of Strategy

A number of institutional investors have recently modified their holdings of the company. Strs Ohio bought a new stake in shares of Strategy in the first quarter valued at about $905,000. Titleist Asset Management LLC lifted its holdings in shares of Strategy by 208.9% in the first quarter. Titleist Asset Management LLC now owns 19,720 shares of the software maker's stock valued at $5,685,000 after purchasing an additional 13,337 shares in the last quarter. Gordian Capital Singapore Pte Ltd lifted its holdings in shares of Strategy by 11.0% in the first quarter. Gordian Capital Singapore Pte Ltd now owns 1,010 shares of the software maker's stock valued at $292,000 after purchasing an additional 100 shares in the last quarter. Wealth Preservation Advisors LLC bought a new stake in shares of Strategy in the first quarter valued at about $375,000. Finally, Corebridge Financial Inc. lifted its holdings in shares of Strategy by 26.8% in the first quarter. Corebridge Financial Inc. now owns 16,691 shares of the software maker's stock valued at $4,812,000 after purchasing an additional 3,527 shares in the last quarter. 59.84% of the stock is currently owned by 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.