Shares of Strategy Incorporated (NASDAQ:MSTR - Get Free Report) fell 5.6% during trading on Thursday . The stock traded as low as $274.05 and last traded at $280.24. 5,233,779 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 17,936,076 shares. The stock had previously closed at $296.86.
Wall Street Analyst Weigh In
MSTR has been the topic of a number of recent analyst reports. Mizuho assumed coverage on Strategy in a report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 price target on the stock. Barclays decreased their target price on Strategy from $515.00 to $421.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Monness Crespi & Hardt cut Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price target on the stock. in a research report on Tuesday, April 1st. Maxim Group increased their price target on Strategy from $480.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Finally, Cantor Fitzgerald boosted their price objective on Strategy from $613.00 to $619.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $508.09.
Get Our Latest Stock Analysis on MSTR
Strategy Price Performance
The stock has a market capitalization of $80.15 billion, a PE ratio of -55.29 and a beta of 3.46. The business's 50-day moving average price is $295.80 and its 200 day moving average price is $306.65. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71.
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 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%.
Insiders Place Their Bets
In other news, EVP Wei-Ming Shao purchased 500 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was bought at an average cost of $85.00 per share, for a total transaction of $42,500.00. Following the acquisition, the executive vice president now directly owns 500 shares of the company's stock, valued at $42,500. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Jeanine Montgomery sold 481 shares of Strategy stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $329.27, for a total value of $158,378.87. Following the completion of the sale, the chief accounting officer now owns 7,805 shares in the company, valued at approximately $2,569,952.35. This represents a 5.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders acquired 8,000 shares of company stock valued at $680,000 and sold 22,998 shares valued at $7,671,926. 9.16% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Strategy
Several hedge funds and other institutional investors have recently modified their holdings of MSTR. Geode Capital Management LLC raised its holdings in Strategy by 10.2% in the fourth quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker's stock worth $881,470,000 after purchasing an additional 281,342 shares in the last quarter. Norges Bank bought a new position in shares of Strategy during the fourth quarter valued at $523,981,000. Northern Trust Corp boosted its holdings in shares of Strategy by 24.4% during the 4th quarter. Northern Trust Corp now owns 1,076,185 shares of the software maker's stock valued at $311,685,000 after acquiring an additional 210,997 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Strategy by 25.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 802,464 shares of the software maker's stock valued at $232,410,000 after buying an additional 162,757 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Strategy by 14.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker's stock worth $220,626,000 after purchasing an additional 97,515 shares during the last quarter. Hedge funds and other institutional investors own 59.84% of the company's stock.
About Strategy
(
Get Free Report)
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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