Strategy (NASDAQ:MSTR) Stock Price Down 5.9% - What's Next?

Strategy Incorporated (NASDAQ:MSTR - Get Free Report)'s share price traded down 5.9% during trading on Monday . The stock traded as low as $252.60 and last traded at $276.22. 11,539,130 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 17,825,264 shares. The stock had previously closed at $293.61.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MSTR shares. Canaccord Genuity Group cut their target price on shares of Strategy from $510.00 to $409.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Benchmark reaffirmed a "buy" rating and issued a $650.00 price objective on shares of Strategy in a report on Tuesday, January 14th. Mizuho began coverage on shares of Strategy in a research note on Wednesday, January 29th. They set an "outperform" rating and a $515.00 target price on the stock. Keefe, Bruyette & Woods started coverage on Strategy in a research note on Friday, February 7th. They issued an "outperform" rating and a $560.00 price target for the company. Finally, Barclays lowered their price target on Strategy from $515.00 to $421.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $508.09.

Strategy Trading Up 8.6 %

The company has a 50 day moving average of $296.76 and a 200 day moving average of $304.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The stock has a market capitalization of $76.10 billion, a price-to-earnings ratio of -52.39 and a beta of 3.46.

Strategy (NASDAQ:MSTR - Get Free Report) last issued 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, Director Leslie J. Rechan sold 15,000 shares of the business's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the transaction, the director now owns 4,970 shares of the company's stock, valued at approximately $1,669,423. The trade was a 75.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Wei-Ming Shao acquired 500 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were purchased at an average price of $85.00 per share, with a total value of $42,500.00. Following the completion of the transaction, the executive vice president now owns 500 shares of the company's stock, valued at $42,500. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 8,000 shares of company stock valued at $680,000 and have sold 22,998 shares valued at $7,671,926. Corporate insiders own 9.16% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Riverview Trust Co purchased a new stake in Strategy in the fourth quarter valued at $25,000. IAG Wealth Partners LLC acquired a new stake in shares of Strategy during the 4th quarter worth about $25,000. Quadrant Capital Group LLC raised its holdings in Strategy by 855.6% in the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock valued at $25,000 after buying an additional 77 shares during the period. Dunhill Financial LLC acquired a new position in Strategy in the fourth quarter valued at about $26,000. Finally, Sunbelt Securities Inc. boosted its stake in Strategy by 900.0% during the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker's stock worth $27,000 after buying an additional 144 shares during the period. 59.84% of the stock is currently owned by institutional investors and hedge funds.

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.