Strategy Inc (NASDAQ:MSTR – Get Free Report) CFO Andrew Kang sold 1,949 shares of Strategy stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $123.84, for a total transaction of $241,364.16. Following the completion of the sale, the chief financial officer owned 71,044 shares of the company’s stock, valued at $8,798,088.96. This trade represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Andrew Kang also recently made the following trade(s):
- On Friday, June 5th, Andrew Kang sold 33,062 shares of Strategy stock. The shares were sold at an average price of $118.73, for a total transaction of $3,925,451.26.
- On Tuesday, May 19th, Andrew Kang sold 5,597 shares of Strategy stock. The shares were sold at an average price of $165.78, for a total transaction of $927,870.66.
- On Tuesday, March 24th, Andrew Kang sold 2,373 shares of Strategy stock. The shares were sold at an average price of $138.33, for a total transaction of $328,257.09.
- On Thursday, March 12th, Andrew Kang sold 916 shares of Strategy stock. The shares were sold at an average price of $137.25, for a total transaction of $125,721.00.
Strategy Price Performance
NASDAQ MSTR opened at $117.02 on Wednesday. The company has a quick ratio of 6.05, a current ratio of 6.05 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $41.01 billion, a PE ratio of -2.91 and a beta of 3.49. The company has a 50 day moving average price of $153.36 and a two-hundred day moving average price of $153.01. Strategy Inc has a 12-month low of $104.17 and a 12-month high of $457.22.
Wall Street Analyst Weigh In
A number of analysts have issued reports on the stock. Monness Crespi & Hardt reiterated a “neutral” rating on shares of Strategy in a research note on Tuesday, June 2nd. Mizuho reduced 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. Benchmark restated a “buy” rating on shares of Strategy in a research note on Tuesday, June 2nd. Texas Capital upgraded shares of Strategy to a “strong-buy” rating in a research note on Thursday, March 19th. Finally, BTIG Research restated a “buy” rating and issued a $350.00 price objective (up from $250.00) on shares of Strategy in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Strategy currently has an average rating of “Moderate Buy” and a consensus target price of $313.93.
Read Our Latest Report on MSTR
Institutional Trading of Strategy
A number of institutional investors and hedge funds have recently modified their holdings of the company. Rathbones Group PLC lifted its stake in shares of Strategy by 16.7% in the first quarter. Rathbones Group PLC now owns 19,182 shares of the software maker’s stock worth $2,394,000 after buying an additional 2,748 shares during the last quarter. DV Trading LLC lifted its stake in shares of Strategy by 90.7% in the first quarter. DV Trading LLC now owns 5,007 shares of the software maker’s stock worth $625,000 after buying an additional 2,381 shares during the last quarter. Foguth Wealth Management LLC. acquired a new stake in shares of Strategy in the first quarter worth $169,000. Lavelle Capital LP acquired a new stake in shares of Strategy in the first quarter worth $3,106,000. Finally, Maripau Wealth Management LLC lifted its stake in shares of Strategy by 13.0% in the first quarter. Maripau Wealth Management LLC now owns 6,252 shares of the software maker’s stock worth $780,000 after buying an additional 717 shares during the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.
More Strategy News
Here are the key news stories impacting Strategy this week:
- Positive Sentiment: Strategy restarted Bitcoin purchases, buying 1,550 BTC for roughly $101 million after selling a small amount the prior week, which reassured investors that the company is still committed to growing its Bitcoin holdings. Strategy (MSTR) Restarts Bitcoin Purchases After Selling, Buys 1,550 BTC for $101 Million
- Positive Sentiment: Shareholders approved changes to preferred dividends, helping support Strategy’s funding structure and easing concerns about how the company will manage payouts while continuing to accumulate Bitcoin. Strategy Shareholders Approve Changes to Preferred Dividends
- Positive Sentiment: Several bullish commentaries said the renewed buying and large Bitcoin treasury could support a rebound in MSTR if Bitcoin stabilizes, with some analysts arguing the latest purchase restores confidence after the selloff. Analyst predicts 214% surge for battered stock
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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