Insider Selling: Strategy Incorporated (NASDAQ:MSTR) Director Sells $461,904.00 in Stock

Strategy Incorporated (NASDAQ:MSTR) Director Jarrod M. Patten sold 1,200 shares of Strategy stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $384.92, for a total value of $461,904.00. Following the transaction, the director now directly owns 9,170 shares in the company, valued at approximately $3,529,716.40. The trade was a 11.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Strategy Price Performance

MSTR opened at $415.93 on Friday. The firm has a 50-day moving average price of $318.40 and a 200-day moving average price of $328.50. Strategy Incorporated has a twelve month low of $102.40 and a twelve month high of $543.00. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $107.04 billion, a price-to-earnings ratio of -73.84 and a beta of 3.79.

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 net margin of 251.73% and a negative return on equity of 19.01%. The business had revenue of $111.07 million for the quarter, compared to the consensus estimate of $116.66 million. During the same period in the previous year, the firm earned ($0.83) EPS. The company’s revenue was down 3.6% compared to the same quarter last year.

Analysts Set New Price Targets

A number of research firms have issued reports on MSTR. Monness Crespi & Hardt downgraded shares of Strategy from a “neutral” rating to a “sell” rating and set a $220.00 price objective on the stock. in a report on Tuesday, April 1st. Barclays upped their price objective on shares of Strategy from $421.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, May 5th. Mizuho began coverage on Strategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 target price on the stock. Canaccord Genuity Group increased their price target on Strategy from $409.00 to $464.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Finally, Cantor Fitzgerald cut their price objective on Strategy from $619.00 to $614.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $514.42.

Institutional Trading of Strategy

A number of institutional investors have recently added to or reduced their stakes in MSTR. Geode Capital Management LLC increased its position in shares of Strategy by 10.2% during the fourth quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker’s stock valued at $881,470,000 after buying an additional 281,342 shares during the period. Norges Bank bought a new stake in Strategy during the 4th quarter worth approximately $523,981,000. Northern Trust Corp lifted its stake in Strategy by 24.4% in the 4th quarter. Northern Trust Corp now owns 1,076,185 shares of the software maker’s stock worth $311,685,000 after purchasing an additional 210,997 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Strategy by 25.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 802,464 shares of the software maker’s stock valued at $232,410,000 after purchasing an additional 162,757 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Strategy by 14.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker’s stock valued at $220,626,000 after purchasing an additional 97,515 shares in the last quarter. Hedge funds and other 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.