Wei-Ming Shao Sells 30,000 Shares of Strategy (NASDAQ:MSTR) Stock

Key Points

• Wei-Ming Shao, EVP of Strategy Inc, sold 30,000 shares of the company's stock for a total transaction value of $10,721,100, significantly reducing his ownership by 70.21%.
• Strategy Inc's stock price decreased by 3.2% during trading hours, closing at $320.29, with a market capitalization of $90.82 billion.
• The company reported an earnings per share (EPS) of $32.60 in its last quarter, significantly exceeding analysts' expectations of ($0.12).

Strategy Inc (NASDAQ:MSTR - Get Free Report) EVP Wei-Ming Shao sold 30,000 shares of the company's stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $357.37, for a total transaction of $10,721,100.00. Following the sale, the executive vice president directly owned 12,726 shares of the company's stock, valued at approximately $4,547,890.62. This represents a 70.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Wei-Ming Shao also recently made the following trade(s):

• On Thursday, September 18th, Wei-Ming Shao sold 10,000 shares of Strategy stock. The shares were sold at an average price of $355.79, for a total transaction of $3,557,900.00.
• On Monday, September 15th, Wei-Ming Shao acquired 12,500 shares of Strategy stock. The shares were acquired at an average cost of $96.92 per share, with a total value of $1,211,500.00.
• On Tuesday, July 29th, Wei-Ming Shao purchased 2,500 shares of Strategy stock. The stock was purchased at an average cost of $90.00 per share, with a total value of $225,000.00.
• On Monday, July 14th, Wei-Ming Shao sold 10,900 shares of Strategy stock. The shares were sold at an average price of $448.89, for a total transaction of $4,892,901.00.
• On Friday, July 11th, Wei-Ming Shao sold 10,000 shares of Strategy stock. The shares were sold at an average price of $431.98, for a total transaction of $4,319,800.00.

Strategy Trading Down 3.2%

Shares of MSTR stock traded down $10.51 during trading hours on Thursday, hitting $320.29. The company had a trading volume of 11,107,394 shares, compared to its average volume of 14,706,529. The company's fifty day moving average is $347.86 and its 200 day moving average is $362.95. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.68 and a quick ratio of 0.68. Strategy Inc has a fifty-two week low of $178.00 and a fifty-two week high of $543.00. The stock has a market capitalization of $90.82 billion, a PE ratio of 28.19 and a beta of 3.83.

Strategy (NASDAQ:MSTR - Get Free Report) last released its earnings results on Thursday, July 31st. The software maker reported $32.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.12) by $32.72. The company had revenue of $114.49 million for the quarter, compared to analyst estimates of $112.68 million. Strategy had a net margin of 1,036.61% and a return on equity of 18.83%. The firm's quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business earned ($5.74) EPS. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Institutional Trading of Strategy

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. First United Bank & Trust purchased a new stake in Strategy in the first quarter valued at approximately $29,000. Binnacle Investments Inc grew its holdings in Strategy by 492.9% in the second quarter. Binnacle Investments Inc now owns 83 shares of the software maker's stock valued at $34,000 after purchasing an additional 69 shares during the period. MCF Advisors LLC purchased a new stake in Strategy in the second quarter valued at approximately $35,000. Maseco LLP purchased a new stake in Strategy in the second quarter valued at approximately $36,000. Finally, AllSquare Wealth Management LLC grew its holdings in Strategy by 100.0% in the second quarter. AllSquare Wealth Management LLC now owns 100 shares of the software maker's stock valued at $40,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 59.84% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company reiterated an "equal weight" rating and set a $54.00 target price (down from $65.00) on shares of Strategy in a report on Tuesday, September 30th. Mizuho raised their price objective on shares of Strategy from $563.00 to $586.00 and gave the company an "outperform" rating in a report on Monday, August 11th. TD Cowen reduced their price objective on shares of Strategy from $640.00 to $620.00 and set a "buy" rating on the stock in a report on Tuesday, September 16th. Weiss Ratings restated a "hold (c)" rating on shares of Strategy in a report on Wednesday. Finally, Monness Crespi & Hardt raised their price objective on shares of Strategy from $175.00 to $200.00 and gave the company a "sell" rating in a report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $509.54.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.