Strategy (NASDAQ:MSTR) Trading Up 0.6% – Here’s What Happened

Strategy Incorporated (NASDAQ:MSTR) shares were up 0.6% during trading on Friday . The company traded as high as $430.35 and last traded at $417.07. Approximately 7,115,547 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 18,024,608 shares. The stock had previously closed at $414.38.

Analyst Ratings Changes

MSTR has been the topic of several research analyst reports. HC Wainwright started coverage on Strategy in a research note on Tuesday, April 29th. They set a “buy” rating and a $480.00 price objective on the stock. Monness Crespi & Hardt lowered Strategy from a “neutral” rating to a “sell” rating and set a $220.00 price target on the stock. in a research report on Tuesday, April 1st. Barclays lifted their price objective on Strategy from $421.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, May 5th. Benchmark reissued a “buy” rating and set a $650.00 target price on shares of Strategy in a research note on Tuesday, January 14th. Finally, Cantor Fitzgerald cut their price target on shares of Strategy from $619.00 to $614.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $514.42.

Strategy Stock Up 0.4 %

The stock’s fifty day moving average price is $318.40 and its 200-day moving average price is $329.30. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $107.04 billion, a price-to-earnings ratio of -73.84 and a beta of 3.79.

Strategy (NASDAQ:MSTR) last issued its quarterly earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($16.47). Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%. The business had revenue of $111.07 million during the quarter, compared to analyst estimates of $116.66 million. During the same quarter in the previous year, the firm posted ($0.83) earnings per share. The firm’s quarterly revenue was down 3.6% on a year-over-year basis.

Insider Buying and Selling

In other Strategy news, Director Jarrod M. Patten sold 1,100 shares of the business’s stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $395.00, for a total transaction of $434,500.00. Following the transaction, the director now owns 9,170 shares of the company’s stock, valued at $3,622,150. The trade was a 10.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Wei-Ming Shao acquired 500 shares of the business’s stock in a transaction dated Thursday, March 20th. The stock was bought at an average cost of $85.00 per share, with a total value of $42,500.00. Following the acquisition, the executive vice president now owns 500 shares in the company, valued at $42,500. The trade was a ? increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 8,000 shares of company stock worth $680,000 and have sold 40,098 shares worth $13,432,270. 9.16% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Riverview Trust Co acquired a new position in shares of Strategy in the fourth quarter valued at $25,000. IAG Wealth Partners LLC bought a new position in Strategy during the fourth quarter worth about $25,000. Quadrant Capital Group LLC raised its stake in 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 in the last quarter. Dunhill Financial LLC bought a new stake in Strategy in the 4th quarter valued at about $26,000. Finally, Parkside Financial Bank & Trust grew its position in shares of Strategy by 422.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock worth $27,000 after purchasing an additional 76 shares in the last quarter. 59.84% of the stock is currently 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.