Strategy Inc (NASDAQ:MSTR – Get Free Report) CEO Phong Le sold 5,522 shares of Strategy stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $123.84, for a total transaction of $683,844.48. Following the transaction, the chief executive officer owned 126,323 shares in the company, valued at $15,643,840.32. The trade was a 4.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Phong Le also recently made the following trade(s):
- On Friday, June 5th, Phong Le sold 93,738 shares of Strategy stock. The shares were sold at an average price of $118.73, for a total transaction of $11,129,512.74.
- On Friday, May 22nd, Phong Le acquired 55 shares of Strategy stock. The stock was purchased at an average price of $99.41 per share, for a total transaction of $5,467.55.
- On Tuesday, March 24th, Phong Le sold 3,299 shares of Strategy stock. The stock was sold at an average price of $138.33, for a total transaction of $456,350.67.
- On Thursday, March 19th, Phong Le acquired 2,509 shares of Strategy stock. The stock was purchased at an average price of $99.62 per share, for a total transaction of $249,946.58.
- On Thursday, March 12th, Phong Le sold 2,034 shares of Strategy stock. The stock was sold at an average price of $137.25, for a total transaction of $279,166.50.
Strategy Stock Performance
Shares of MSTR stock opened at $115.35 on Thursday. Strategy Inc has a 12 month low of $104.17 and a 12 month high of $457.22. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.05 and a quick ratio of 6.05. The firm has a market capitalization of $40.42 billion, a P/E ratio of -2.87 and a beta of 3.49. The company’s fifty day moving average price is $153.24 and its two-hundred day moving average price is $152.58.
More Strategy News
Here are the key news stories impacting Strategy this week:
- Positive Sentiment: Strategy resumed Bitcoin accumulation, buying 1,550 BTC for about $101 million after its first BTC sale in years, which reassured some investors that the company is still committed to its long-term Bitcoin strategy. Strategy (MSTR) Restarts Bitcoin Purchases After Selling, Buys 1,550 BTC for $101 Million
- Positive Sentiment: Several analysts and commentators remain bullish, with some saying Strategy’s growing Bitcoin holdings could support a rebound if BTC stabilizes and sentiment improves. Analyst predicts 214% surge for battered stock
- Neutral Sentiment: Shareholders approved changes to preferred stock and directors/auditors, which helps the company’s financing structure but does not change the near-term market debate over Bitcoin exposure. Strategy Shareholders Approve Directors, Auditors and Preferred Changes
- Neutral Sentiment: Strategy also announced a semi-monthly dividend on its preferred stock, a move aimed at supporting capital-market funding, though it adds another obligation for investors to monitor. Strategy Offers Semi-Monthly Dividend On Preferred Stock
- Negative Sentiment: Bitcoin weakness is the main drag on MSTR, with multiple reports warning that institutional selling and ETF outflows are still pressuring crypto prices and, by extension, Strategy’s stock. Bitcoin price may slide toward $30K as institutions dump 450% of daily BTC supply
- Negative Sentiment: Insider transactions, including sales by the CEO, CFO and CAO to cover tax withholding on equity awards, added to the cautious tone around the stock. Strategy (NASDAQ:MSTR) CAO Sells $43,839.36 in Stock
- Negative Sentiment: Bearish articles also highlighted Strategy’s dependence on Bitcoin and warned that its financing model could become riskier if crypto prices keep falling. Is MSTR’s Small Operating Revenue Base Increasing Balance Sheet Risks?
Hedge Funds Weigh In On Strategy
A number of hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers grew its position in shares of Strategy by 16.1% during the 3rd quarter. Rhumbline Advisers now owns 313,565 shares of the software maker’s stock valued at $101,034,000 after buying an additional 43,509 shares during the last quarter. Schroder Investment Management Group grew its position in shares of Strategy by 21.0% during the 3rd quarter. Schroder Investment Management Group now owns 118,478 shares of the software maker’s stock valued at $38,175,000 after buying an additional 20,536 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Strategy by 46.1% during the 3rd quarter. Van ECK Associates Corp now owns 204,506 shares of the software maker’s stock valued at $65,894,000 after buying an additional 64,482 shares during the last quarter. Daviman Financial LLC bought a new stake in shares of Strategy during the 4th quarter valued at about $1,013,000. Finally, Harvest Portfolios Group Inc. grew its position in shares of Strategy by 119.0% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 1,550,520 shares of the software maker’s stock valued at $499,593,000 after buying an additional 842,480 shares during the last quarter. Institutional investors and hedge funds own 59.84% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have commented on the stock. Mizuho cut their price objective on shares of Strategy from $320.00 to $265.00 and set an “outperform” rating on the stock in a report on Monday, June 1st. BTIG Research reiterated a “buy” rating and issued a $350.00 price objective (up from $250.00) on shares of Strategy in a report on Wednesday, May 6th. Benchmark reissued a “buy” rating on shares of Strategy in a research report on Tuesday, June 2nd. Zacks Research downgraded shares of Strategy from a “hold” rating to a “strong sell” rating in a research report on Monday, May 18th. Finally, TD Cowen boosted their target price 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. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Strategy currently has a consensus rating of “Moderate Buy” and an average target price of $313.93.
Check Out Our Latest Stock Analysis on Strategy
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.
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