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

Strategy Incorporated (NASDAQ:MSTR)’s share price was up 0.2% during trading on Thursday . The stock 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.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Maxim Group upped their price target on shares of Strategy from $480.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Monness Crespi & Hardt cut shares of 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. Compass Point raised Strategy to a “strong-buy” rating in a report on Wednesday, January 29th. Benchmark reaffirmed a “buy” rating and set a $650.00 target price on shares of Strategy in a report on Tuesday, January 14th. Finally, Canaccord Genuity Group lowered their price target on Strategy from $510.00 to $409.00 and set a “buy” rating for the company in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Strategy currently has an average rating of “Moderate Buy” and an average price target of $508.09.

Strategy Trading Up 1.8 %

The firm has a 50-day moving average of $294.28 and a 200 day moving average of $309.73. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $81.63 billion, a price-to-earnings ratio of -56.31 and a beta of 3.46.

Strategy (NASDAQ:MSTR) last released its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) 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 Transactions at Strategy

In related news, EVP Wei-Ming Shao sold 10,000 shares of Strategy stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $315.00, for a total value of $3,150,000.00. Following the transaction, the executive vice president now directly owns 10,597 shares in the company, valued at $3,338,055. The trade was a 48.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Leslie J. Rechan sold 15,000 shares of the company’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 directly owns 4,970 shares of the company’s stock, valued at approximately $1,669,423. This represents a 75.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 8,000 shares of company stock valued at $680,000 and have sold 32,998 shares valued at $10,821,926. Company insiders own 9.16% of the company’s stock.

Institutional Trading of Strategy

Several institutional investors and hedge funds have recently bought and sold shares of the stock. FNY Investment Advisers LLC purchased a new position in shares of Strategy in the first quarter worth approximately $854,000. Janney Montgomery Scott LLC grew its position in Strategy by 3.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 27,905 shares of the software maker’s stock worth $8,044,000 after purchasing an additional 881 shares in the last quarter. First United Bank & Trust acquired a new stake in Strategy during the 1st quarter valued at $29,000. Handelsbanken Fonder AB lifted its holdings in shares of Strategy by 4.2% in the first quarter. Handelsbanken Fonder AB now owns 50,060 shares of the software maker’s stock valued at $14,431,000 after purchasing an additional 2,000 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Strategy by 47.7% in the first quarter. GAMMA Investing LLC now owns 830 shares of the software maker’s stock worth $239,000 after buying an additional 268 shares during the period. Institutional investors and hedge funds own 59.84% of the company’s stock.

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.