Strategy Incorporated (NASDAQ:MSTR) Director Sells $581,417.00 in Stock

Strategy Incorporated (NASDAQ:MSTR) Director Jarrod M. Patten sold 1,700 shares of the firm’s stock in a transaction on Tuesday, April 22nd. The stock was sold at an average price of $342.01, for a total value of $581,417.00. Following the completion of the transaction, the director now directly owns 4,970 shares of the company’s stock, valued at approximately $1,699,789.70. This trade represents a 25.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Strategy Trading Up 5.2 %

Shares of MSTR opened at $368.71 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The company has a market cap of $94.89 billion, a price-to-earnings ratio of -65.46 and a beta of 3.46. The stock has a fifty day moving average price of $295.57 and a two-hundred day moving average price of $316.42. Strategy Incorporated has a 52-week low of $101.00 and a 52-week high of $543.00.

Strategy (NASDAQ:MSTR) last issued its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($3.07). Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Hedge Funds Weigh In On Strategy

Large investors have recently modified their holdings of the stock. Argent Advisors Inc. increased its holdings in shares of Strategy by 29.4% in the first quarter. Argent Advisors Inc. now owns 11,000 shares of the software maker’s stock valued at $3,171,000 after purchasing an additional 2,500 shares in the last quarter. Amalgamated Bank boosted its position in Strategy by 43.0% in the 1st quarter. Amalgamated Bank now owns 12,455 shares of the software maker’s stock valued at $3,590,000 after buying an additional 3,747 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Strategy by 27.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 528,850 shares of the software maker’s stock valued at $152,452,000 after buying an additional 113,752 shares during the period. Creative Financial Designs Inc. ADV increased its stake in shares of Strategy by 21.1% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 705 shares of the software maker’s stock valued at $203,000 after buying an additional 123 shares during the period. Finally, EQ Wealth Advisors LLC acquired a new position in shares of Strategy during the first quarter valued at $88,000. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MSTR has been the subject of a number of recent research reports. Barclays dropped their price objective on shares of Strategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Monness Crespi & Hardt cut shares of Strategy from a “neutral” rating to a “sell” rating and set a $220.00 price target for the company. in a research note on Tuesday, April 1st. Maxim Group upped their price objective on Strategy from $480.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Mizuho assumed coverage on Strategy in a research report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 target price for the company. Finally, Keefe, Bruyette & Woods began coverage on Strategy in a research report on Friday, February 7th. They issued an “outperform” rating and a $560.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Strategy presently has an average rating of “Moderate Buy” and a consensus price target of $508.09.

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.