Strategy (NASDAQ:MSTR) Shares Down 2.4% - What's Next?

Strategy Incorporated (NASDAQ:MSTR - Get Free Report) shares dropped 2.4% during trading on Monday . The stock traded as low as $359.35 and last traded at $359.95. Approximately 4,419,574 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 18,042,405 shares. The stock had previously closed at $368.71.

Wall Street Analyst Weigh In

MSTR has been the subject of several recent analyst reports. Compass Point upgraded shares of Strategy to a "strong-buy" rating in a report on Wednesday, January 29th. Cantor Fitzgerald upped their target price on shares of Strategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Barclays lowered their target price on Strategy from $515.00 to $421.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Keefe, Bruyette & Woods assumed coverage on shares of Strategy in a report on Friday, February 7th. They set an "outperform" rating and a $560.00 price objective for the company. Finally, Benchmark reiterated a "buy" rating and issued a $650.00 price target on shares of Strategy in a research note on Tuesday, January 14th. One investment 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. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $508.09.

Strategy Stock Down 1.8 %

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 $93.16 billion, a P/E ratio of -64.23 and a beta of 3.46. The company has a 50 day simple moving average of $295.57 and a two-hundred day simple moving average of $317.35.

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

Insider Buying and Selling at Strategy

In related news, CFO Andrew Kang bought 1,500 shares of the stock in a transaction on Thursday, March 20th. The shares were bought at an average cost of $85.00 per share, for a total transaction of $127,500.00. Following the completion of the transaction, the chief financial officer now owns 1,500 shares of the company's stock, valued at $127,500. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Leslie J. Rechan sold 15,000 shares of Strategy stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $335.90, for a total value of $5,038,500.00. Following the transaction, the director now directly owns 4,970 shares of the company's stock, valued at $1,669,423. This trade represents a 75.11 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders purchased 8,000 shares of company stock worth $680,000 and sold 34,698 shares worth $11,403,343. Company insiders own 9.16% of the company's stock.

Institutional Trading of Strategy

A number of institutional investors have recently added to or reduced their stakes in MSTR. Garden State Investment Advisory Services LLC raised its stake in shares of Strategy by 1,005.0% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 2,630 shares of the software maker's stock valued at $443,000 after purchasing an additional 2,392 shares in the last quarter. Virtu Financial LLC lifted its holdings in Strategy by 10,398.4% in the third quarter. Virtu Financial LLC now owns 224,245 shares of the software maker's stock worth $37,808,000 after acquiring an additional 222,109 shares during the last quarter. Peapack Gladstone Financial Corp boosted its stake in Strategy by 900.0% in the third quarter. Peapack Gladstone Financial Corp now owns 2,350 shares of the software maker's stock valued at $396,000 after acquiring an additional 2,115 shares during the period. Franklin Resources Inc. raised its position in shares of Strategy by 3.3% during the 3rd quarter. Franklin Resources Inc. now owns 4,248 shares of the software maker's stock worth $716,000 after purchasing an additional 135 shares during the period. Finally, Beaird Harris Wealth Management LLC grew its stake in Strategy by 1,105.2% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 4,640 shares of the software maker's stock worth $782,000 after buying an additional 4,255 shares during the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

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.

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