Strategy (NASDAQ:MSTR) Shares Down 1.3% After Insider Selling

Strategy Incorporated (NASDAQ:MSTR)’s share price was down 1.3% during mid-day trading on Tuesday following insider selling activity. The company traded as low as $383.60 and last traded at $387.19. Approximately 2,755,523 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 18,006,452 shares. The stock had previously closed at $392.12.

Specifically, CEO Phong Le sold 5,295 shares of the company’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $374.54, for a total transaction of $1,983,189.30. Following the completion of the transaction, the chief executive officer now owns 24,790 shares in the company, valued at approximately $9,284,846.60. This represents a 17.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Andrew Kang sold 1,877 shares of the company’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $374.54, for a total transaction of $703,011.58. Following the transaction, the chief financial officer now owns 24,460 shares of the company’s stock, valued at $9,161,248.40. This represents a 7.13% decrease in their position. The disclosure for this sale can be found here. In other news, EVP Wei-Ming Shao sold 1,701 shares of the company’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $374.54, for a total transaction of $637,092.54. Following the completion of the transaction, the executive vice president now owns 12,726 shares in the company, valued at approximately $4,766,396.04. This represents a 11.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Analysts Set New Price Targets

Several equities analysts have recently commented on MSTR shares. BTIG Research restated a “buy” rating on shares of Strategy in a research report on Wednesday, May 14th. UBS Group reaffirmed a “buy” rating on shares of Strategy in a report on Friday, May 16th. HC Wainwright initiated coverage on shares of Strategy in a report on Tuesday, April 29th. They issued a “buy” rating and a $480.00 price objective for the company. Monness Crespi & Hardt downgraded shares of Strategy from a “neutral” rating to a “sell” rating and set a $220.00 price objective for the company. in a report on Tuesday, April 1st. Finally, Canaccord Genuity Group reaffirmed a “buy” rating on shares of Strategy in a report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $514.42.

Strategy Stock Performance

The company has a market capitalization of $106.95 billion, a price-to-earnings ratio of -69.44 and a beta of 3.73. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The stock has a 50 day moving average price of $358.95 and a two-hundred day moving average price of $341.80.

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

Hedge Funds Weigh In On Strategy

Several institutional investors have recently modified their holdings of MSTR. Norges Bank bought a new stake in Strategy in the 4th quarter valued at approximately $523,981,000. Amundi increased its position in shares of Strategy by 262.8% during the 4th quarter. Amundi now owns 570,217 shares of the software maker’s stock worth $165,146,000 after purchasing an additional 413,028 shares during the last quarter. First Trust Advisors LP increased its position in shares of Strategy by 266.1% during the 4th quarter. First Trust Advisors LP now owns 417,574 shares of the software maker’s stock worth $120,938,000 after purchasing an additional 303,517 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Strategy during the 4th quarter worth approximately $81,783,000. Finally, Geode Capital Management LLC increased its position in shares of Strategy by 10.2% during the 4th quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker’s stock worth $881,470,000 after purchasing an additional 281,342 shares during the last quarter. 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.