Strategy Sees Unusually High Options Volume (NASDAQ:MSTR)

Strategy Incorporated (NASDAQ:MSTR - Get Free Report) was the target of unusually large options trading activity on Friday. Investors acquired 764,660 call options on the company. This is an increase of approximately 31% compared to the average daily volume of 581,731 call options.

Strategy Stock Performance

NASDAQ MSTR traded up $5.35 on Tuesday, reaching $410.25. The stock had a trading volume of 3,998,374 shares, compared to its average volume of 17,972,900. The business's 50-day moving average price is $320.33 and its 200 day moving average price is $331.14. The stock has a market cap of $112.16 billion, a P/E ratio of -72.83 and a beta of 3.79. Strategy has a 12-month low of $102.40 and a 12-month high of $543.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71.

Strategy (NASDAQ:MSTR - Get Free Report) last released 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 firm had revenue of $111.07 million for the quarter, compared to analyst estimates of $116.66 million. During the same period last year, the firm earned ($0.83) EPS. The company's quarterly revenue was down 3.6% compared to the same quarter last year.

Insider Buying and Selling

In other Strategy news, EVP Wei-Ming Shao purchased 500 shares of the business's stock in a transaction on Thursday, March 20th. The shares were purchased at an average cost of $85.00 per share, for a total transaction of $42,500.00. Following the acquisition, the executive vice president now owns 500 shares of the company's stock, valued at approximately $42,500. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Leslie J. Rechan sold 15,000 shares of the stock in a transaction dated 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 owns 4,970 shares of the company's stock, valued at approximately $1,669,423. The trade was a 75.11% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders bought 8,000 shares of company stock valued at $680,000 and sold 40,098 shares valued at $13,432,270. 9.16% of the stock is owned by insiders.

Institutional Trading of Strategy

Institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in Strategy during the fourth quarter valued at about $523,981,000. Amundi raised its stake in shares of Strategy by 262.8% in the 4th quarter. Amundi now owns 570,217 shares of the software maker's stock valued at $165,146,000 after acquiring an additional 413,028 shares in the last quarter. First Trust Advisors LP lifted its holdings in Strategy by 266.1% in the 4th quarter. First Trust Advisors LP now owns 417,574 shares of the software maker's stock worth $120,938,000 after purchasing an additional 303,517 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Strategy during the fourth quarter valued at approximately $81,783,000. Finally, Geode Capital Management LLC raised its position in shares of Strategy by 10.2% in the fourth quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker's stock valued at $881,470,000 after purchasing an additional 281,342 shares during the period. Institutional investors own 59.84% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Barclays upped their target price on shares of Strategy from $421.00 to $475.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. Benchmark restated a "buy" rating and set a $650.00 target price on shares of Strategy in a research report on Tuesday, January 14th. Cantor Fitzgerald dropped their price objective on Strategy from $619.00 to $614.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Compass Point raised shares of Strategy to a "strong-buy" rating in a report on Wednesday, January 29th. Finally, HC Wainwright assumed coverage on shares of Strategy in a research report on Tuesday, April 29th. They set a "buy" rating and a $480.00 price target for the company. One investment analyst has rated the stock with a sell rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Strategy has a consensus rating of "Moderate Buy" and a consensus price target of $514.42.

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.