Jarrod Patten Sells 2,250 Shares of Strategy (NASDAQ:MSTR) Stock

Strategy Inc (NASDAQ:MSTR) Director Jarrod Patten sold 2,250 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $166.37, for a total transaction of $374,332.50. Following the completion of the sale, the director directly owned 28,000 shares of the company’s stock, valued at $4,658,360. This represents a 7.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Strategy Trading Down 3.0%

Shares of MSTR stock opened at $159.89 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.05 and a quick ratio of 6.05. The firm has a market cap of $56.03 billion, a PE ratio of -3.98 and a beta of 3.59. The company has a 50-day moving average of $152.77 and a two-hundred day moving average of $160.66. Strategy Inc has a 1-year low of $104.17 and a 1-year high of $457.22.

Strategy (NASDAQ:MSTR) last announced its earnings results on Tuesday, May 5th. The software maker reported ($38.25) earnings per share for the quarter, missing the consensus estimate of ($0.86) by ($37.39). The company had revenue of $124.30 million for the quarter, compared to analysts’ expectations of $120.75 million. Strategy had a negative return on equity of 26.97% and a negative net margin of 2,482.01%.The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period last year, the business earned ($16.49) EPS. On average, analysts predict that Strategy Inc will post 116.7 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. B. Riley Financial increased their target price on shares of Strategy from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. BTIG Research reaffirmed a “buy” rating and set a $350.00 target price (up from $250.00) on shares of Strategy in a research note on Wednesday, May 6th. HC Wainwright reaffirmed a “buy” rating on shares of Strategy in a research note on Friday, February 6th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Strategy in a research note on Monday, May 11th. Finally, Canaccord Genuity Group set a $224.00 target price on shares of Strategy and gave the stock a “buy” rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $322.21.

Institutional Trading of Strategy

Hedge funds have recently made changes to their positions in the business. Fideuram Asset Management Ireland dac acquired a new stake in shares of Strategy during the fourth quarter worth about $25,000. Westfuller Advisors LLC acquired a new stake in shares of Strategy during the first quarter worth about $25,000. Dogwood Wealth Management LLC lifted its position in shares of Strategy by 280.0% during the fourth quarter. Dogwood Wealth Management LLC now owns 190 shares of the software maker’s stock worth $29,000 after purchasing an additional 140 shares in the last quarter. Wilkerson Advisory Group LLC acquired a new stake in shares of Strategy during the fourth quarter worth about $30,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Strategy during the third quarter worth about $32,000. Institutional investors and hedge funds own 59.84% of the company’s stock.

Strategy News Roundup

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: TD Cowen reiterated a Buy rating and lifted its price target on Strategy, citing continued Bitcoin accumulation and potential upside from the company’s BTC-focused model.
• Positive Sentiment: Reports that Strategy continued buying Bitcoin with capital raised from securities sales reinforce the core bull case that BTC holdings remain the main value driver for MSTR.
• Neutral Sentiment: Michael Saylor’s CNBC comments on tokenization and Strategy’s evolving capital-markets approach support the long-term Bitcoin thesis, but do not create an immediate operating catalyst.
• Negative Sentiment: Investor concern has increased after reports that Strategy may pause Bitcoin buying and could even sell some BTC to support capital-management moves or debt repurchases.
• Negative Sentiment: Zacks Research downgraded Strategy to Strong Sell, adding to bearish sentiment around the stock.
• Negative Sentiment: New insider selling, including CFO Andrew Kang’s stock sale and director Jarrod M. Patten’s disposals, is weighing on confidence in the shares.

About Strategy

Strategy, formerly known as MicroStrategy, Incorporated (NASDAQ: MSTR) is a global provider of enterprise analytics and mobility software. The company’s flagship platform offers business intelligence, data discovery, and advanced visualizations that enable organizations to analyze large volumes of data and deliver actionable insights. In addition to traditional on-premises deployments, Strategy provides a range of cloud-based services and managed offerings that allow customers to leverage the power of its analytics tools without managing complex infrastructure.

Founded in 1989 by Michael J.