Strategy (NASDAQ:MSTR) Trading Up 0.2% – Here’s What Happened

Strategy Incorporated (NASDAQ:MSTR)’s share price rose 0.2% during mid-day trading on Thursday . The company traded as high as $320.00 and last traded at $312.41. Approximately 5,002,814 shares traded hands during trading, a decline of 72% from the average daily volume of 17,935,310 shares. The stock had previously closed at $311.66.

Analysts Set New Price Targets

Several analysts have issued reports on MSTR shares. Barclays dropped their price target on shares of Strategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Compass Point upgraded shares of Strategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods initiated coverage on shares of Strategy in a research report on Friday, February 7th. They issued an “outperform” rating and a $560.00 target price for the company. Maxim Group raised their price objective on Strategy from $480.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Finally, Monness Crespi & Hardt downgraded Strategy from a “neutral” rating to a “sell” rating and set a $220.00 price objective on the stock. in a report on Tuesday, April 1st. One equities 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. According to MarketBeat, Strategy has a consensus rating of “Moderate Buy” and a consensus target price of $508.09.

Strategy Stock Performance

The company’s fifty day simple moving average is $294.68 and its 200 day simple moving average is $307.64. The stock has a market capitalization of $81.56 billion, a P/E ratio of -56.36 and a beta of 3.46. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

Strategy (NASDAQ:MSTR) last posted its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing the consensus estimate 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 at Strategy

In other Strategy news, Director Leslie J. Rechan sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $335.90, for a total value of $5,038,500.00. Following the completion of the sale, the director now owns 4,970 shares in the company, valued at approximately $1,669,423. The trade was a 75.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Andrew Kang acquired 1,500 shares of the firm’s stock in a transaction on Thursday, March 20th. The stock was purchased at an average price of $85.00 per share, for a total transaction of $127,500.00. Following the transaction, the chief financial officer now directly owns 1,500 shares of the company’s stock, valued at approximately $127,500. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 8,000 shares of company stock valued at $680,000 and have sold 32,998 shares valued at $10,821,926. 9.16% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Garden State Investment Advisory Services LLC grew its position in shares of Strategy by 1,005.0% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 2,630 shares of the software maker’s stock worth $443,000 after buying an additional 2,392 shares during the period. Wellington Management Group LLP boosted its position in shares of Strategy by 979.8% in the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock worth $1,134,000 after purchasing an additional 6,104 shares in the last quarter. Virtu Financial LLC grew its stake in shares of Strategy by 10,398.4% in the 3rd quarter. Virtu Financial LLC now owns 224,245 shares of the software maker’s stock worth $37,808,000 after buying an additional 222,109 shares during the last quarter. Sanctuary Advisors LLC increased its position in Strategy by 3,250.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 14,442 shares of the software maker’s stock valued at $2,435,000 after buying an additional 14,011 shares in the last quarter. Finally, Peapack Gladstone Financial Corp lifted its stake in shares of Strategy by 900.0% in the third quarter. Peapack Gladstone Financial Corp now owns 2,350 shares of the software maker’s stock worth $396,000 after buying an additional 2,115 shares in the last quarter. Hedge funds and other 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.