Strategy Incorporated (NASDAQ:MSTR) CEO Sells $1,983,189.30 in Stock

Strategy Incorporated (NASDAQ:MSTR) CEO Phong Le sold 5,295 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $374.54, for a total transaction of $1,983,189.30. Following the completion of the transaction, the chief executive officer now directly owns 24,790 shares in the company, valued at $9,284,846.60. The trade was a 17.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Phong Le also recently made the following trade(s):

• On Thursday, June 5th, Phong Le purchased 4,500 shares of Strategy stock. The shares were purchased at an average cost of $85.00 per share, with a total value of $382,500.00.
• On Monday, March 24th, Phong Le sold 3,281 shares of Strategy stock. The shares were sold at an average price of $329.26, for a total transaction of $1,080,302.06.
• On Thursday, March 20th, Phong Le bought 6,000 shares of Strategy stock. The stock was purchased at an average cost of $85.00 per share, with a total value of $510,000.00.

Strategy Trading Up 4.7%

MSTR traded up $17.65 during trading on Monday, hitting $392.12. 10,807,132 shares of the company’s stock were exchanged, compared to its average volume of 18,066,297. 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 Incorporated has a 1 year low of $102.40 and a 1 year high of $543.00. The stock has a 50 day moving average price of $355.18 and a 200 day moving average price of $341.67. The firm has a market cap of $107.21 billion, a P/E ratio of -69.61 and a beta of 3.73.

Strategy (NASDAQ:MSTR) last released its earnings results on Thursday, May 1st. The software maker reported ($16.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($16.47). Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%. The firm had revenue of $111.07 million for the quarter, compared to the consensus estimate of $116.66 million. During the same period in the prior year, the business earned ($0.83) EPS. The company’s quarterly revenue was down 3.6% on a year-over-year basis.

Analysts Set New Price Targets

Several analysts recently issued reports on MSTR shares. Cantor Fitzgerald restated a “hold” rating on shares of Strategy in a research report on Monday, May 19th. HC Wainwright initiated coverage on shares of Strategy in a report on Tuesday, April 29th. They issued a “buy” rating and a $480.00 target price for the company. Canaccord Genuity Group reiterated a “buy” rating on shares of Strategy in a report on Monday, May 19th. UBS Group reiterated a “buy” rating on shares of Strategy in a research note on Friday, May 16th. Finally, Monness Crespi & Hardt downgraded shares of Strategy from a “neutral” rating to a “sell” rating and set a $220.00 target price on the stock. in a research report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $514.42.

Hedge Funds Weigh In On Strategy

Several hedge funds have recently made changes to their positions in MSTR. Norges Bank acquired a new stake in shares of Strategy in the fourth quarter worth $523,981,000. Amundi grew its holdings in shares of Strategy by 262.8% in the 4th quarter. Amundi now owns 570,217 shares of the software maker’s stock worth $165,146,000 after purchasing an additional 413,028 shares during the last quarter. First Trust Advisors LP grew its holdings in Strategy by 266.1% during the 4th quarter. First Trust Advisors LP now owns 417,574 shares of the software maker’s stock worth $120,938,000 after acquiring an additional 303,517 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Strategy during the 4th quarter valued at about $81,783,000. Finally, Geode Capital Management LLC raised its position in shares of Strategy by 10.2% in the 4th quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker’s stock valued at $881,470,000 after acquiring an additional 281,342 shares during the period. Institutional investors and hedge funds 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.