Strategy (NASDAQ:MSTR) Shares Up 1.1% – Time to Buy?

Strategy Incorporated (NASDAQ:MSTR)’s share price was up 1.1% during mid-day trading on Wednesday . The stock traded as high as $317.30 and last traded at $314.00. Approximately 3,807,671 shares were traded during trading, a decline of 79% from the average daily volume of 17,948,269 shares. The stock had previously closed at $310.72.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Benchmark restated a “buy” rating and issued a $650.00 price objective on shares of Strategy in a report on Tuesday, January 14th. Mizuho began coverage on shares of Strategy in a research note on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price target on the stock. Cantor Fitzgerald lifted their price objective on shares of Strategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Monness Crespi & Hardt lowered Strategy from a “neutral” rating to a “sell” rating and set a $220.00 target price on the stock. in a report on Tuesday, April 1st. Finally, Canaccord Genuity Group decreased their price target on Strategy from $510.00 to $409.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $508.09.

Strategy Trading Down 1.6 %

The company has a market capitalization of $78.70 billion, a P/E ratio of -54.29 and a beta of 3.46. The company has a 50-day simple moving average of $295.00 and a 200 day simple moving average of $307.61. 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) last announced its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Insider Activity

In other Strategy news, Director Leslie J. Rechan sold 15,000 shares of the business’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total value of $5,038,500.00. Following the sale, the director now owns 4,970 shares of the company’s stock, valued at $1,669,423. The trade was a 75.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Jeanine Montgomery sold 481 shares of Strategy stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $329.27, for a total transaction of $158,378.87. Following the sale, the chief accounting officer now owns 7,805 shares in the company, valued at approximately $2,569,952.35. This trade represents a 5.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 8,000 shares of company stock valued at $680,000 and sold 22,998 shares valued at $7,671,926. 9.16% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Riverview Trust Co acquired a new position in shares of Strategy in the 4th quarter worth approximately $25,000. IAG Wealth Partners LLC acquired a new stake in shares of Strategy in the 4th quarter valued at $25,000. Quadrant Capital Group LLC grew its holdings in shares of Strategy by 855.6% in the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock worth $25,000 after purchasing an additional 77 shares during the last quarter. Dunhill Financial LLC acquired a new stake in shares of Strategy during the 4th quarter worth about $26,000. Finally, Parkside Financial Bank & Trust lifted its holdings in Strategy by 422.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock valued at $27,000 after purchasing an additional 76 shares during the last quarter. Institutional investors own 59.84% of the company’s stock.

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.