Strategy (NASDAQ:MSTR) Shares Down 5.6% – Here’s Why

Strategy Incorporated (NASDAQ:MSTR) dropped 5.6% during trading on Thursday . The company traded as low as $274.05 and last traded at $280.24. Approximately 5,233,779 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 17,936,076 shares. The stock had previously closed at $296.86.

Analysts Set New Price Targets

MSTR has been the subject of a number of research analyst reports. Mizuho initiated coverage on shares of Strategy in a report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price objective for the company. Keefe, Bruyette & Woods initiated coverage on Strategy in a research note on Friday, February 7th. They issued an “outperform” rating and a $560.00 price objective on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $600.00 target price on shares of Strategy in a research report on Thursday, December 12th. Benchmark reissued a “buy” rating and set a $650.00 price target on shares of Strategy in a research report on Tuesday, January 14th. Finally, Cantor Fitzgerald raised their price target on Strategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $508.09.

Strategy Trading Down 7.8 %

The firm has a market cap of $70.41 billion, a PE ratio of -49.18 and a beta of 3.46. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The stock’s fifty day simple moving average is $298.26 and its 200-day simple moving average is $303.82.

Strategy (NASDAQ:MSTR) last announced its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

Insider Buying and Selling at Strategy

In other news, EVP Wei-Ming Shao acquired 500 shares of the business’s stock in a transaction on Thursday, March 20th. The stock was bought at an average price of $85.00 per share, with a total value of $42,500.00. Following the completion of 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 acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Phong Le bought 6,000 shares of the stock in a transaction dated Thursday, March 20th. The shares were purchased at an average cost of $85.00 per share, for a total transaction of $510,000.00. Following the completion of the purchase, the chief executive officer now owns 6,000 shares in the company, valued at approximately $510,000. This represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 8,000 shares of company stock valued at $680,000 and have sold 22,998 shares valued at $7,671,926. 9.16% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Maryland State Retirement & Pension System increased its holdings in Strategy by 0.3% in the 4th quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker’s stock worth $2,604,000 after acquiring an additional 30 shares in the last quarter. Family Management Corp increased its stake in shares of Strategy by 2.2% during the fourth quarter. Family Management Corp now owns 1,370 shares of the software maker’s stock worth $397,000 after purchasing an additional 30 shares in the last quarter. GPS Wealth Strategies Group LLC raised its position in shares of Strategy by 3.2% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock worth $324,000 after purchasing an additional 35 shares during the last quarter. Oder Investment Management LLC lifted its stake in Strategy by 3.1% in the 4th quarter. Oder Investment Management LLC now owns 1,268 shares of the software maker’s stock valued at $367,000 after buying an additional 38 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in Strategy by 38.2% in the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock worth $41,000 after buying an additional 39 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.