Strategy (NASDAQ:MSTR) Stock Price Up 4.6% - What's Next?

Shares of Strategy Incorporated (NASDAQ:MSTR - Get Free Report) were up 4.6% during trading on Tuesday . The company traded as high as $390.70 and last traded at $389.49. Approximately 4,679,454 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 18,044,880 shares. The stock had previously closed at $372.27.

Analyst Ratings Changes

Several brokerages have recently weighed in on MSTR. UBS Group restated a "buy" rating on shares of Strategy in a report on Friday, May 16th. 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 research note on Tuesday, April 1st. Cantor Fitzgerald reaffirmed a "hold" rating on shares of Strategy in a research note on Monday, May 19th. Maxim Group lifted their price target on Strategy from $480.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Finally, BTIG Research reissued a "buy" rating on shares of Strategy in a report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Strategy presently has an average rating of "Moderate Buy" and a consensus target price of $514.42.

Strategy Stock Performance

The stock has a 50-day moving average price of $352.20 and a 200 day moving average price of $343.39. 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 firm has a market capitalization of $103.37 billion, a price-to-earnings ratio of -67.12 and a beta of 3.79.

Strategy (NASDAQ:MSTR - Get Free Report) last issued its 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). The company had revenue of $111.07 million during the quarter, compared to analyst estimates of $116.66 million. Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%. The company's quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.83) EPS.

Insiders Place Their Bets

In related news, EVP Wei-Ming Shao bought 500 shares of the stock in a transaction 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 of the company's stock, valued at $42,500. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carl J. Rickertsen sold 26,390 shares of Strategy stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $372.40, for a total transaction of $9,827,636.00. Following the sale, the director now owns 980 shares of the company's stock, valued at approximately $364,952. The trade was a 96.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 18,000 shares of company stock valued at $1,693,800 and sold 83,426 shares valued at $29,785,518. 9.16% of the stock is owned by insiders.

Hedge Funds Weigh In On Strategy

Several hedge funds and other institutional investors have recently bought and sold shares of MSTR. Strs Ohio acquired a new position in shares of Strategy during the 1st quarter worth $905,000. Titleist Asset Management LLC increased its holdings in Strategy by 208.9% during the 1st quarter. Titleist Asset Management LLC now owns 19,720 shares of the software maker's stock valued at $5,685,000 after acquiring an additional 13,337 shares in the last quarter. Gordian Capital Singapore Pte Ltd raised its position in Strategy by 11.0% during the first quarter. Gordian Capital Singapore Pte Ltd now owns 1,010 shares of the software maker's stock worth $292,000 after acquiring an additional 100 shares during the last quarter. Wealth Preservation Advisors LLC purchased a new stake in shares of Strategy in the first quarter valued at about $375,000. Finally, Corebridge Financial Inc. grew its position 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 during the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

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.