Strategy (NASDAQ:MSTR) Shares Up 4.8% - Here's Why

Shares of Strategy Incorporated (NASDAQ:MSTR - Get Free Report) shot up 4.8% during mid-day trading on Friday . The stock traded as high as $290.28 and last traded at $285.35. 6,062,325 shares were traded during trading, a decline of 66% from the average session volume of 17,940,288 shares. The stock had previously closed at $272.34.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MSTR. Benchmark restated a "buy" rating and issued a $650.00 price target on shares of Strategy in a research note on Tuesday, January 14th. Mizuho initiated coverage on shares of Strategy in a research note on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 target price on the stock. Cantor Fitzgerald lifted their price target on Strategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods started coverage on Strategy in a research note on Friday, February 7th. They set an "outperform" rating and a $560.00 price objective on the stock. Finally, Compass Point upgraded Strategy to a "strong-buy" rating in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Strategy has a consensus rating of "Moderate Buy" and an average price target of $508.09.

Strategy Trading Up 3.8 %

The firm's 50-day simple moving average is $295.29 and its 200 day simple moving average is $307.59. The stock has a market cap of $80.15 billion, a P/E ratio of -55.29 and a beta of 3.46. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

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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 for the quarter, missing analysts' consensus estimates of ($0.13) by ($3.07). Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Insider Buying and Selling

In other news, EVP Wei-Ming Shao bought 500 shares of the business's stock in a transaction on Thursday, March 20th. The shares were bought at an average cost of $85.00 per share, with a total value of $42,500.00. Following the purchase, the executive vice president now directly owns 500 shares in the company, valued at $42,500. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Phong Le bought 6,000 shares of the business's stock in a transaction on Thursday, March 20th. The stock was bought at an average price of $85.00 per share, with a total value of $510,000.00. Following the transaction, the chief executive officer now owns 6,000 shares in the company, valued at approximately $510,000. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 8,000 shares of company stock worth $680,000 and have sold 22,998 shares worth $7,671,926. Insiders own 9.16% of the company's stock.

Institutional Trading of Strategy

Several large investors have recently added to or reduced their stakes in MSTR. Garden State Investment Advisory Services LLC increased its holdings in shares of Strategy by 1,005.0% during 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 acquiring an additional 2,392 shares during the last quarter. Quantinno Capital Management LP bought a new stake in Strategy in the 3rd quarter valued at $282,000. Wellington Management Group LLP increased its holdings in shares of Strategy by 979.8% during the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker's stock worth $1,134,000 after purchasing an additional 6,104 shares during the period. Orion Portfolio Solutions LLC lifted its stake in shares of Strategy by 2,217.3% in the third quarter. Orion Portfolio Solutions LLC now owns 5,353 shares of the software maker's stock valued at $903,000 after buying an additional 5,122 shares during the period. Finally, M&T Bank Corp acquired a new stake in Strategy during the third quarter worth about $1,932,000. 59.84% of the stock is owned by institutional investors.

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.