Jarrod M. Patten Sells 1,700 Shares of Strategy Incorporated (NASDAQ:MSTR) Stock

Strategy Incorporated (NASDAQ:MSTR - Get Free Report) Director Jarrod M. Patten sold 1,700 shares of the stock in a transaction dated Tuesday, April 22nd. The shares were sold at an average price of $342.01, for a total value of $581,417.00. Following the completion of the transaction, the director now directly owns 4,970 shares of the company's stock, valued at $1,699,789.70. This represents a 25.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Strategy Price Performance

Strategy stock traded up $18.37 during midday trading on Friday, hitting $368.71. The company's stock had a trading volume of 19,291,754 shares, compared to its average volume of 18,058,637. Strategy Incorporated has a 12 month low of $101.00 and a 12 month high of $543.00. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $94.89 billion, a PE ratio of -65.46 and a beta of 3.46. The stock's 50-day moving average price is $295.57 and its 200-day moving average price is $315.54.

Strategy (NASDAQ:MSTR - Get Free Report) last released its earnings results on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($3.07). Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

Institutional Investors Weigh In On Strategy

Several hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new stake in Strategy during the 4th quarter worth about $523,981,000. Amundi increased its position in shares of Strategy by 262.8% in the fourth quarter. Amundi now owns 570,217 shares of the software maker's stock worth $165,146,000 after acquiring an additional 413,028 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Strategy by 266.1% during the fourth quarter. First Trust Advisors LP now owns 417,574 shares of the software maker's stock valued at $120,938,000 after acquiring an additional 303,517 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Strategy in the 4th quarter valued at approximately $81,783,000. Finally, Geode Capital Management LLC lifted 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 in the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MSTR. Canaccord Genuity Group reduced their price objective on Strategy from $510.00 to $409.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Cantor Fitzgerald raised their price target on Strategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Keefe, Bruyette & Woods began coverage on Strategy in a research report on Friday, February 7th. They issued an "outperform" rating and a $560.00 target price on the stock. Compass Point raised shares of Strategy to a "strong-buy" rating in a research note on Wednesday, January 29th. Finally, Barclays reduced their price objective on Strategy from $515.00 to $421.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. One research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Strategy has a consensus rating of "Moderate Buy" and an average price target of $508.09.

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.