Strategy (NASDAQ:MSTR) Stock Price Down 2.3% – Here’s What Happened

Strategy Inc (NASDAQ:MSTR)’s stock price dropped 2.3% on Wednesday . The stock traded as low as $182.20 and last traded at $184.64. Approximately 22,269,099 shares were traded during trading, an increase of 48% from the average daily volume of 15,090,631 shares. The stock had previously closed at $188.99.

Analyst Ratings Changes

Several brokerages have issued reports on MSTR. Sanford C. Bernstein set a $450.00 price target on shares of Strategy and gave the company an “outperform” rating in a report on Monday. TD Cowen reduced their target price on Strategy from $620.00 to $535.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Wells Fargo & Company reiterated an “equal weight” rating and set a $54.00 target price (down previously from $65.00) on shares of Strategy in a report on Tuesday, September 30th. Citigroup began coverage on Strategy in a research report on Tuesday, October 21st. They set a “buy” rating and a $485.00 price target for the company. Finally, Cowen restated a “buy” rating on shares of Strategy in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $475.80.

Strategy Stock Down 2.3%

The firm has a market cap of $53.06 billion, a price-to-earnings ratio of 8.59 and a beta of 3.40. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.16. The firm has a fifty day moving average price of $249.02 and a 200-day moving average price of $329.33.

Strategy (NASDAQ:MSTR) last released its earnings results on Thursday, October 30th. The software maker reported $8.42 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $8.52. The firm had revenue of $128.69 million for the quarter, compared to the consensus estimate of $116.65 million. Strategy had a return on equity of 20.98% and a net margin of 1,667.09%.The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the prior year, the business posted ($1.56) earnings per share. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Insider Buying and Selling

In related news, Director Jarrod M. Patten purchased 12,000 shares of the company’s stock in a transaction that occurred on Friday, October 17th. The stock was purchased at an average price of $96.88 per share, with a total value of $1,162,560.00. Following the completion of the transaction, the director owned 29,335 shares of the company’s stock, valued at approximately $2,841,974.80. This trade represents a 69.22% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Wei-Ming Shao sold 2,600 shares of the stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $202.02, for a total transaction of $525,252.00. Following the transaction, the executive vice president directly owned 32,726 shares in the company, valued at approximately $6,611,306.52. This represents a 7.36% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have purchased 37,380 shares of company stock valued at $3,632,719 and have sold 53,177 shares valued at $17,122,166. Corporate insiders own 8.46% of the company’s stock.

Institutional Investors Weigh In On Strategy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. RiverFront Investment Group LLC acquired a new position in shares of Strategy in the 2nd quarter worth approximately $3,561,000. J.W. Cole Advisors Inc. lifted its stake in Strategy by 25.3% during the second quarter. J.W. Cole Advisors Inc. now owns 10,262 shares of the software maker’s stock worth $4,148,000 after purchasing an additional 2,069 shares during the last quarter. Resona Asset Management Co. Ltd. lifted its stake in Strategy by 13.6% during the second quarter. Resona Asset Management Co. Ltd. now owns 77,914 shares of the software maker’s stock worth $31,298,000 after purchasing an additional 9,338 shares during the last quarter. Stevens Capital Management LP acquired a new position in Strategy in the second quarter worth $35,967,000. Finally, Tradewinds LLC. bought a new stake in Strategy during the second quarter valued at $556,000. 59.84% of the stock is currently owned by institutional investors and hedge funds.

About Strategy

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.