Strategy (NASDAQ:MSTR) Shares Down 4.8% Following Analyst Downgrade

Strategy Incorporated (NASDAQ:MSTR) traded down 4.8% during trading on Monday after Cantor Fitzgerald lowered their price target on the stock from $619.00 to $614.00. Cantor Fitzgerald currently has an overweight rating on the stock. Strategy traded as low as $374.20 and last traded at $375.42. 5,144,376 shares were traded during mid-day trading, a decline of 71% from the average session volume of 17,989,817 shares. The stock had previously closed at $394.37.

Several other research analysts have also recently commented on MSTR. Compass Point upgraded shares of Strategy to a “strong-buy” rating in a report on Wednesday, January 29th. Benchmark restated a “buy” rating and set a $650.00 price objective on shares of Strategy in a research note on Tuesday, January 14th. Canaccord Genuity Group upped their target price on Strategy from $409.00 to $464.00 and gave the stock a “buy” rating in a report on Friday. Maxim Group raised their price target 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 cut Strategy from a “neutral” rating to a “sell” rating and set a $220.00 price objective on the stock. in a research note on Tuesday, April 1st. One analyst has rated the stock with a sell rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $514.42.

Insider Transactions at Strategy

In other Strategy news, Director Jarrod M. Patten sold 3,100 shares of the business’s stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $365.33, for a total value of $1,132,523.00. Following the completion of the sale, the director now owns 4,970 shares of the company’s stock, valued at $1,815,690.10. The trade was a 38.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Wei-Ming Shao acquired 500 shares of the stock in a transaction on Thursday, March 20th. The shares were bought at an average price of $85.00 per share, for a total transaction of $42,500.00. Following the purchase, the executive vice president now owns 500 shares in the company, valued at approximately $42,500. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 8,000 shares of company stock worth $680,000 and sold 37,798 shares worth $12,535,866. 9.16% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Strategy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Maryland State Retirement & Pension System increased its holdings in shares of Strategy by 0.3% during the fourth quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker’s stock worth $2,604,000 after buying an additional 30 shares in the last quarter. Family Management Corp increased its holdings in Strategy by 2.2% in the 4th quarter. Family Management Corp now owns 1,370 shares of the software maker’s stock worth $397,000 after purchasing an additional 30 shares in the last quarter. GPS Wealth Strategies Group LLC raised its position in Strategy by 3.2% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock valued at $324,000 after purchasing an additional 35 shares during the last quarter. Oder Investment Management LLC boosted its stake in shares of Strategy by 3.1% during the fourth quarter. Oder Investment Management LLC now owns 1,268 shares of the software maker’s stock valued at $367,000 after purchasing an additional 38 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in Strategy by 38.2% in the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock valued at $41,000 after buying an additional 39 shares during the last quarter. Institutional investors own 59.84% of the company’s stock.

Strategy Stock Down 2.0 %

The stock’s fifty day simple moving average is $306.66 and its two-hundred day simple moving average is $324.92. The stock has a market capitalization of $99.47 billion, a P/E ratio of -68.62 and a beta of 3.79. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71.

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

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.