Strategy (NASDAQ:MSTR) Director Jarrod Patten Sells 7,250 Shares of Stock

Strategy Inc (NASDAQ:MSTR) Director Jarrod Patten sold 7,250 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $147.74, for a total value of $1,071,115.00. Following the completion of the sale, the director directly owned 28,000 shares of the company’s stock, valued at approximately $4,136,720. This trade represents a 20.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Strategy Price Performance

MSTR opened at $149.78 on Tuesday. 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 stock’s 50 day simple moving average is $154.39 and its 200 day simple moving average is $156.28. The firm has a market cap of $52.49 billion, a price-to-earnings ratio of -3.73 and a beta of 3.50. Strategy Inc has a 1 year low of $104.17 and a 1 year high of $457.22.

Strategy (NASDAQ:MSTR) last announced its quarterly earnings results on Tuesday, May 5th. The software maker reported ($38.25) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $124.30 million during the quarter, compared to analysts’ expectations of $120.75 million. During the same period last year, the firm earned ($16.49) earnings per share. Strategy’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, analysts predict that Strategy Inc will post 116.7 earnings per share for the current year.

Strategy News Summary

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Analyst support remains in place, with Mizuho lowering its price target to $265 but keeping an outperform stance, implying meaningful upside versus the current share price. Article Title
• Neutral Sentiment: Michael Saylor’s recent social-media posts have revived speculation that Strategy may resume bitcoin purchases soon, which could support the stock if confirmed. Article Title
• Negative Sentiment: Multiple reports say the rare bitcoin sale has rattled investors and challenged the company’s long-standing “never sell” reputation, adding pressure to MSTR’s premium valuation. Article Title

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on MSTR shares. BTIG Research reaffirmed a “buy” rating and set a $350.00 price objective (up from $250.00) on shares of Strategy in a research note on Wednesday, May 6th. Mizuho cut their target price on Strategy from $320.00 to $265.00 and set an “outperform” rating on the stock in a research note on Monday. Canaccord Genuity Group set a $224.00 price target on Strategy and gave the company a “buy” rating in a report on Thursday, May 7th. Texas Capital raised Strategy to a “strong-buy” rating in a research report on Thursday, March 19th. Finally, Benchmark cut their price objective on 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 issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $318.29.

Institutional Trading of Strategy

A number of hedge funds have recently made changes to their positions in MSTR. Binnacle Investments Inc increased its position in Strategy by 492.9% during the 2nd quarter. Binnacle Investments Inc now owns 83 shares of the software maker’s stock valued at $34,000 after buying an additional 69 shares in the last quarter. Bessemer Group Inc. boosted its holdings in Strategy by 356.7% in the third quarter. Bessemer Group Inc. now owns 137 shares of the software maker’s stock worth $44,000 after acquiring an additional 107 shares in the last quarter. Wealth Watch Advisors INC purchased a new stake in shares of Strategy in the third quarter worth $44,000. Fideuram Asset Management Ireland dac purchased a new stake in shares of Strategy in the fourth quarter worth $25,000. Finally, Dogwood Wealth Management LLC increased its holdings 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 valued at $29,000 after acquiring an additional 140 shares in the last quarter. 59.84% of the stock is owned by institutional investors.

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.