Strategy Inc (NASDAQ:MSTR – Get Free Report) CAO Jeanine Montgomery sold 354 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $123.84, for a total transaction of $43,839.36. Following the transaction, the chief accounting officer owned 11,209 shares of the company’s stock, valued at $1,388,122.56. The trade was a 3.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Jeanine Montgomery also recently made the following trade(s):
- On Tuesday, March 24th, Jeanine Montgomery sold 470 shares of Strategy stock. The stock was sold at an average price of $138.33, for a total transaction of $65,015.10.
- On Thursday, March 12th, Jeanine Montgomery sold 260 shares of Strategy stock. The stock was sold at an average price of $137.25, for a total transaction of $35,685.00.
Strategy Stock Down 8.0%
MSTR traded down $10.18 during trading hours on Tuesday, hitting $117.02. 22,918,018 shares of the company’s stock were exchanged, compared to its average volume of 20,758,729. Strategy Inc has a 1-year low of $104.17 and a 1-year high of $457.22. The stock’s 50-day moving average is $153.54 and its two-hundred day moving average is $153.50. The stock has a market cap of $41.01 billion, a price-to-earnings ratio of -2.91 and a beta of 3.50. The company has a quick ratio of 6.05, a current ratio of 6.05 and a debt-to-equity ratio of 0.22.
Hedge Funds Weigh In On Strategy
Hedge funds have recently bought and sold shares of the business. Fideuram Asset Management Ireland dac bought a new position in Strategy during the fourth quarter worth about $25,000. Westfuller Advisors LLC bought a new position in Strategy during the first quarter worth about $25,000. Dogwood Wealth Management LLC increased its position in Strategy by 280.0% during the fourth quarter. Dogwood Wealth Management LLC now owns 190 shares of the software maker’s stock worth $29,000 after acquiring an additional 140 shares during the period. Wilkerson Advisory Group LLC bought a new position in Strategy during the fourth quarter worth about $30,000. Finally, Binnacle Investments Inc increased its position in Strategy by 492.9% during the second quarter. Binnacle Investments Inc now owns 83 shares of the software maker’s stock worth $34,000 after acquiring an additional 69 shares during the period. 59.84% of the stock is owned by institutional investors.
Analyst Ratings Changes
MSTR has been the subject of several recent analyst reports. TD Cowen raised their target price on shares of Strategy from $395.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Mizuho cut their target price on shares of Strategy from $320.00 to $265.00 and set an “outperform” rating for the company in a research note on Monday, June 1st. Texas Capital upgraded shares of Strategy to a “strong-buy” rating in a research note on Thursday, March 19th. Monness Crespi & Hardt reiterated a “neutral” rating on shares of Strategy in a research note on Tuesday, June 2nd. Finally, Canaccord Genuity Group set a $163.00 target price on shares of Strategy and gave the company a “buy” rating in a research note on Wednesday, June 3rd. One research 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 issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $313.93.
Check Out Our Latest Stock Analysis on Strategy
Key Headlines Impacting Strategy
Here are the key news stories impacting Strategy this week:
- Positive Sentiment: Strategy said it bought 1,550 Bitcoin for about $101.3 million, taking total holdings to 845,256 BTC. The purchase signaled the company is still leaning into its Bitcoin treasury strategy and helped reassure traders after last week’s small BTC sale sparked panic. Strategy resumes bitcoin buying spree, quelling market panic
- Positive Sentiment: Strategy shareholders also approved changes to preferred dividends, including moving STRC payouts to a semi-monthly schedule, which may improve investor appeal for the company’s yield products and support its capital-raising structure. Strategy Shareholders Approve Changes to Preferred Dividends
- Neutral Sentiment: Short-interest data showed no meaningful change in reported shares, suggesting no clear new signal from positioning data.
- Neutral Sentiment: Several analysts and commentators remained highly mixed, with some calling MSTR a buying opportunity and others warning it is still an aggressive, highly leveraged way to play Bitcoin.
- Negative Sentiment: Bearish coverage continued to focus on Strategy’s dependence on Bitcoin prices, including warnings from JPMorgan, Peter Schiff, and others that the company may need to rebuild dollar reserves and could face pressure if BTC weakens further. JPMorgan: Strategy’s $1.7 Billion Dividend Bill Could Force More Bitcoin Sales
- Negative Sentiment: Broader crypto sentiment stayed shaky, with articles pointing to Bitcoin’s sharp pullback, ETF outflows, and fears that Strategy’s earlier BTC sale may have rattled confidence in the company’s “never sell” narrative.
Strategy Company Profile
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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