Carl J. Rickertsen Sells 980 Shares of Strategy Incorporated (NASDAQ:MSTR) Stock

Strategy Incorporated (NASDAQ:MSTR) Director Carl J. Rickertsen sold 980 shares of the firm’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $379.07, for a total transaction of $371,488.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Strategy Stock Up 1.5%

Shares of NASDAQ:MSTR opened at $374.47 on Friday. The stock’s 50-day moving average price is $355.18 and its 200-day moving average price is $342.89. Strategy Incorporated has a 12-month low of $102.40 and a 12-month high of $543.00. The stock has a market capitalization of $102.38 billion, a P/E ratio of -66.48 and a beta of 3.73. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

Strategy (NASDAQ:MSTR) last announced its quarterly earnings data 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 company had revenue of $111.07 million for the quarter, compared to the consensus estimate of $116.66 million. During the same period last year, the business posted ($0.83) earnings per share. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Barclays restated a “hold” rating on shares of Strategy in a research report on Monday, May 19th. Canaccord Genuity Group restated a “buy” rating on shares of Strategy in a research report on Monday, May 19th. BTIG Research restated a “buy” rating on shares of Strategy in a research report on Wednesday, May 14th. Cantor Fitzgerald restated a “hold” rating on shares of Strategy in a research report on Monday, May 19th. Finally, Keefe, Bruyette & Woods assumed coverage on shares of Strategy in a research report on Friday, February 7th. They set an “outperform” rating and a $560.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Strategy currently has an average rating of “Moderate Buy” and an average target price of $514.42.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Proficio Capital Partners LLC bought a new stake in shares of Strategy in the fourth quarter worth about $81,783,000. Clarity Capital Partners LLC grew its stake in shares of Strategy by 122.3% in the fourth quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker’s stock worth $7,274,000 after purchasing an additional 13,817 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Strategy by 14.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker’s stock worth $220,626,000 after purchasing an additional 97,515 shares during the last quarter. Chung Wu Investment Group LLC bought a new stake in shares of Strategy in the fourth quarter worth about $850,000. Finally, Crew Capital Management Ltd. bought a new stake in shares of Strategy in the fourth quarter worth about $333,000. 59.84% of the stock is owned by institutional investors.

About Strategy

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.