Strategy Incorporated (NASDAQ:MSTR - Get Free Report) traded up 1.1% during trading on Wednesday . The stock traded as high as $317.30 and last traded at $314.00. 3,807,671 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 17,948,269 shares. The stock had previously closed at $310.72.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on MSTR shares. Maxim Group increased their price objective on shares of Strategy from $480.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Canaccord Genuity Group dropped their price target on Strategy from $510.00 to $409.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Compass Point upgraded Strategy to a "strong-buy" rating in a research report on Wednesday, January 29th. Cantor Fitzgerald raised their target price on Strategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Finally, Benchmark restated a "buy" rating and set a $650.00 price target on shares of Strategy in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $508.09.
Get Our Latest Analysis on Strategy
Strategy Trading Up 1.8 %
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 fifty day moving average of $294.28 and a 200 day moving average of $309.73. The company has a market capitalization of $81.63 billion, a PE ratio of -56.31 and a beta of 3.46.
Strategy (NASDAQ:MSTR - Get Free Report) last posted its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share 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%.
Insiders Place Their Bets
In related news, CAO Jeanine Montgomery sold 481 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $329.27, for a total value of $158,378.87. Following the sale, the chief accounting officer now directly owns 7,805 shares of the company's stock, valued at $2,569,952.35. This represents a 5.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Wei-Ming Shao sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $315.00, for a total value of $3,150,000.00. Following the sale, the executive vice president now directly owns 10,597 shares of the company's stock, valued at $3,338,055. This represents a 48.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders acquired 8,000 shares of company stock valued at $680,000 and sold 32,998 shares valued at $10,821,926. Corporate insiders own 9.16% of the company's stock.
Institutional Trading of Strategy
A number of large investors have recently modified their holdings of MSTR. Quadrant Capital Group LLC raised its position in Strategy by 855.6% during the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock valued at $25,000 after purchasing an additional 77 shares in the last quarter. Riverview Trust Co purchased a new stake in Strategy in the fourth quarter worth about $25,000. IAG Wealth Partners LLC purchased a new position in Strategy during the 4th quarter valued at about $25,000. Dunhill Financial LLC bought a new stake in shares of Strategy in the 4th quarter valued at about $26,000. Finally, Safe Harbor Fiduciary LLC boosted its stake in shares of Strategy by 820.0% during the fourth quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker's stock valued at $27,000 after purchasing an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 59.84% of the company's stock.
Strategy Company Profile
(
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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