Strategy (NASDAQ:MSTR) Director Sells $181,965.00 in Stock

Strategy Inc (NASDAQ:MSTR) Director Jarrod Patten sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $121.31, for a total value of $181,965.00. Following the completion of the sale, the director directly owned 28,406 shares of the company’s stock, valued at $3,445,931.86. This represents a 5.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Strategy Price Performance

Shares of NASDAQ MSTR opened at $112.53 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. Strategy Inc has a 12-month low of $104.17 and a 12-month high of $457.22. The firm’s 50-day moving average is $152.69 and its two-hundred day moving average is $150.03. The company has a market capitalization of $39.44 billion, a PE ratio of -2.80 and a beta of 3.49.

Strategy (NASDAQ:MSTR) last released its earnings results on Tuesday, May 5th. The software maker reported ($38.25) earnings per share (EPS) 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 company had revenue of $124.30 million during the quarter, compared to analyst estimates of $120.75 million. During the same period in the prior year, the business posted ($16.49) earnings per share. Strategy’s revenue was up 11.9% on a year-over-year basis. Equities analysts anticipate that Strategy Inc will post 116.7 EPS for the current fiscal year.

Hedge Funds Weigh In On Strategy

A number of hedge funds have recently added to or reduced their stakes in MSTR. McIlrath & Eck LLC boosted its holdings in Strategy by 3.8% during the 2nd quarter. McIlrath & Eck LLC now owns 1,246 shares of the software maker’s stock worth $504,000 after acquiring an additional 46 shares during the last quarter. Mill Creek Capital Advisors LLC raised its holdings in shares of Strategy by 2.8% in the third quarter. Mill Creek Capital Advisors LLC now owns 1,748 shares of the software maker’s stock valued at $563,000 after purchasing an additional 48 shares during the last quarter. Angeles Wealth Management LLC lifted its position in shares of Strategy by 6.2% during the third quarter. Angeles Wealth Management LLC now owns 893 shares of the software maker’s stock valued at $288,000 after purchasing an additional 52 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its position in shares of Strategy by 0.6% during the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 9,533 shares of the software maker’s stock valued at $3,061,000 after purchasing an additional 53 shares in the last quarter. Finally, Binnacle Investments Inc boosted its holdings in Strategy by 492.9% during the second quarter. Binnacle Investments Inc now owns 83 shares of the software maker’s stock worth $34,000 after purchasing an additional 69 shares during the last quarter. Institutional investors and hedge funds own 59.84% of the company’s stock.

Strategy News Summary

Here are the key news stories impacting Strategy this week:

• Negative Sentiment: Director Jarrod Patten sold 1,500 shares of Strategy, a move that can weigh on sentiment when investors are already worried about the stock’s recent volatility and the company’s financing strategy. Article Title
• Negative Sentiment: Strategy’s preferred stock, STRC, fell to record lows, renewing fears that the company may have a harder time funding future Bitcoin purchases without more dilution or pressure on dividend obligations. Article Title
• Negative Sentiment: Multiple reports said weak STRC pricing is raising concerns about Strategy’s monthly dividend burden and whether its Bitcoin-buying engine can keep operating at the same pace. Article Title
• Negative Sentiment: Bitcoin’s broader weakness, including a large options expiry and hawkish macro fears, is adding to pressure on MSTR because the stock trades as a leveraged proxy for Bitcoin sentiment. Article Title
• Neutral Sentiment: Michael Saylor continued defending Strategy’s Bitcoin model, but his comments have not yet eased market worries about funding, leverage, and dilution. Article Title
• Neutral Sentiment: Strategy also disclosed a modest Bitcoin purchase, which supports its treasury narrative but has been overshadowed by concerns around financing and preferred-share weakness. Article Title

Analyst Upgrades and Downgrades

MSTR has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Strategy in a report on Friday, March 27th. B. Riley Financial increased their price objective on Strategy from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Texas Capital upgraded Strategy to a “strong-buy” rating in a report on Thursday, March 19th. TD Cowen increased their price target on shares of Strategy from $395.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, May 19th. Finally, Canaccord Genuity Group set a $163.00 price target on shares of Strategy and gave the stock a “buy” rating in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $313.93.

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.