Strategy (NASDAQ:MSTR) Director Sells $374,332.50 in Stock

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

Strategy Stock Performance

Shares of Strategy stock opened at $159.89 on Friday. The company has a quick ratio of 6.05, a current ratio of 6.05 and a debt-to-equity ratio of 0.22. Strategy Inc has a twelve month low of $104.17 and a twelve month high of $457.22. The stock has a market cap of $56.03 billion, a price-to-earnings ratio of -3.98 and a beta of 3.59. The company’s fifty day moving average is $152.77 and its 200 day moving average is $160.66.

Strategy (NASDAQ:MSTR) last issued its quarterly earnings data 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). Strategy had a negative return on equity of 26.97% and a negative net margin of 2,482.01%.The business had revenue of $124.30 million during the quarter, compared to the consensus estimate of $120.75 million. During the same period in the prior year, the firm earned ($16.49) EPS. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. Sell-side analysts forecast that Strategy Inc will post 116.7 EPS for the current year.

Analyst Ratings Changes

MSTR has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Strategy from a “hold” rating to a “sell” rating in a research report on Sunday, February 8th. Canaccord Genuity Group set a $224.00 price target on shares of Strategy and gave the company a “buy” rating in a research report on Thursday, May 7th. BTIG Research reaffirmed a “buy” rating and set a $350.00 price target (up from $250.00) on shares of Strategy in a research report on Wednesday, May 6th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Strategy in a research report on Monday, May 11th. Finally, Benchmark cut their price target on shares of Strategy from $705.00 to $570.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Strategy presently has a consensus rating of “Moderate Buy” and a consensus target price of $322.21.

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.

Hedge Funds Weigh In On Strategy

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers boosted its position in shares of Strategy by 16.1% during the 3rd quarter. Rhumbline Advisers now owns 313,565 shares of the software maker’s stock worth $101,034,000 after purchasing an additional 43,509 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of Strategy by 21.0% during the 3rd quarter. Schroder Investment Management Group now owns 118,478 shares of the software maker’s stock worth $38,175,000 after purchasing an additional 20,536 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Strategy by 46.1% during the 3rd quarter. Van ECK Associates Corp now owns 204,506 shares of the software maker’s stock worth $65,894,000 after purchasing an additional 64,482 shares in the last quarter. Harvest Portfolios Group Inc. boosted its position in shares of Strategy by 119.0% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 1,550,520 shares of the software maker’s stock worth $499,593,000 after purchasing an additional 842,480 shares in the last quarter. Finally, Shariaportfolio Inc. boosted its position in shares of Strategy by 18.1% during the 3rd quarter. Shariaportfolio Inc. now owns 106,492 shares of the software maker’s stock worth $34,313,000 after purchasing an additional 16,354 shares in the last quarter. Institutional investors own 59.84% of the company’s stock.

Strategy Company Profile

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.