Insider Selling: Strategy (NASDAQ:MSTR) Director Sells 3,000 Shares of Stock

Strategy Inc (NASDAQ:MSTR) Director Jarrod Patten sold 3,000 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $166.92, for a total transaction of $500,760.00. Following the completion of the sale, the director directly owned 28,000 shares of the company’s stock, valued at $4,673,760. The trade was a 9.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Strategy Stock Performance

Shares of NASDAQ:MSTR traded down $0.96 on Thursday, reaching $164.85. The company’s stock had a trading volume of 10,479,921 shares, compared to its average volume of 15,398,267. The stock’s 50-day moving average is $152.34 and its two-hundred day moving average is $160.66. Strategy Inc has a 52-week low of $104.17 and a 52-week high of $457.22. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.05 and a quick ratio of 6.05. The stock has a market capitalization of $57.77 billion, a P/E ratio of -4.10 and a beta of 3.59.

Strategy (NASDAQ:MSTR) last announced its earnings results on Tuesday, May 5th. The software maker reported ($38.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.86) by ($37.39). Strategy had a negative net margin of 2,482.01% and a negative return on equity of 26.97%. The business had revenue of $124.30 million during the quarter, compared to analysts’ expectations of $120.75 million. During the same period in the previous year, the company posted ($16.49) earnings per share. Strategy’s quarterly revenue was up 11.9% on a year-over-year basis. As a group, sell-side analysts forecast that Strategy Inc will post 116.7 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Binnacle Investments Inc increased 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 buying an additional 69 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in Strategy in the third quarter valued at about $32,000. Cheviot Value Management LLC purchased a new position in Strategy in the third quarter valued at about $39,000. Bessemer Group Inc. increased its holdings in Strategy by 356.7% in the third quarter. Bessemer Group Inc. now owns 137 shares of the software maker’s stock valued at $44,000 after buying an additional 107 shares in the last quarter. Finally, Wealth Watch Advisors INC purchased a new position in Strategy in the third quarter valued at about $44,000. 59.84% of the stock is owned by hedge funds and other institutional investors.

More Strategy News

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Michael Saylor said Strategy has already bought more Bitcoin this year than miners have produced, reinforcing the company’s “buy and hold BTC” thesis and signaling continued accumulation. Article Title
• Positive Sentiment: Saylor also told CNBC that tokenization could help investors “shop” for yield, keeping Strategy in the spotlight as a crypto-linked capital markets story rather than just a software company. Article Title
• Positive Sentiment: BeInCrypto reported that 13 of Strategy’s top 15 institutional shareholders added to their MSTR positions in Q1, suggesting some large investors were buying the pullback. Article Title
• Neutral Sentiment: Strategy’s earnings call and recent commentary emphasized that management may adjust dividend policy and continue using a mix of equity, credit, cash, and even Bitcoin sales to manage capital, which keeps the story flexible but also harder to model near term. Article Title
• Negative Sentiment: Investor sentiment was pressured by reports that Strategy could pause Bitcoin buying and may even sell Bitcoin before year-end as part of its capital management and debt-repurchase plans. Article Title
• Negative Sentiment: Zacks Research downgraded Strategy from Hold to Strong Sell, adding to caution around the stock. Article Title
• Negative Sentiment: Concerns over Bitcoin weakness also remain important, since MSTR tends to trade as a leveraged proxy for BTC and is sensitive to crypto price swings. Article Title

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Wall Street Zen cut shares of Strategy from a “hold” rating to a “sell” rating in a report on Sunday, February 8th. Cantor Fitzgerald reissued an “overweight” rating on shares of Strategy in a report on Monday, May 11th. Mizuho set a $320.00 price objective on Strategy and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. BTIG Research restated a “buy” rating and set a $350.00 target price (up from $250.00) on shares of Strategy in a research report on Wednesday, May 6th. Finally, Canaccord Genuity Group set a $224.00 target price on shares of Strategy and gave the stock a “buy” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $322.21.

About Strategy

Strategy, formerly known as MicroStrategy, Incorporated (NASDAQ: MSTR) is a global provider of enterprise analytics and mobility software. The company’s flagship platform offers business intelligence, data discovery, and advanced visualizations that enable organizations to analyze large volumes of data and deliver actionable insights. In addition to traditional on-premises deployments, Strategy provides a range of cloud-based services and managed offerings that allow customers to leverage the power of its analytics tools without managing complex infrastructure.

Founded in 1989 by Michael J.