Strategy (NASDAQ:MSTR) Stock Price Up 1.2% - Here's What Happened

Strategy Incorporated (NASDAQ:MSTR - Get Free Report) shares were up 1.2% during trading on Monday . The stock traded as high as $330.99 and last traded at $321.04. Approximately 7,424,557 shares were traded during trading, a decline of 59% from the average daily volume of 17,931,185 shares. The stock had previously closed at $317.20.

Analyst Ratings Changes

MSTR has been the subject of a number of recent research reports. Maxim Group increased their target price 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. Compass Point upgraded shares of Strategy to a "strong-buy" rating in a report on Wednesday, January 29th. Benchmark reiterated a "buy" rating and issued a $650.00 price objective on shares of Strategy in a report on Tuesday, January 14th. Monness Crespi & Hardt cut Strategy from a "neutral" rating to a "sell" rating and set a $220.00 target price for the company. in a research note on Tuesday, April 1st. Finally, Canaccord Genuity Group decreased 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. One research 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 MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $508.09.

Strategy Price Performance

The stock has a market capitalization of $89.34 billion, a price-to-earnings ratio of -61.41 and a beta of 3.46. 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 company has a 50 day moving average of $294.63 and a 200 day moving average of $313.19.

Strategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing the consensus estimate 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 at Strategy

In other Strategy news, Director Leslie J. Rechan sold 15,000 shares of the company's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total value of $5,038,500.00. Following the completion of the transaction, the director now owns 4,970 shares in the company, valued at $1,669,423. This represents a 75.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Wei-Ming Shao bought 500 shares of Strategy stock in a transaction dated Thursday, March 20th. The stock was purchased at an average cost of $85.00 per share, with a total value of $42,500.00. Following the completion of the acquisition, the executive vice president now directly owns 500 shares in the company, valued at approximately $42,500. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 8,000 shares of company stock worth $680,000 and have sold 32,998 shares worth $10,821,926. 9.16% of the stock is owned by insiders.

Institutional Investors Weigh In On Strategy

Large investors have recently modified their holdings of the company. Quadrant Capital Group LLC raised its holdings in shares of Strategy by 855.6% in the fourth 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 last quarter. Riverview Trust Co purchased a new stake in shares of Strategy in the fourth quarter valued at about $25,000. IAG Wealth Partners LLC purchased a new position in Strategy during the fourth quarter worth about $25,000. Dunhill Financial LLC acquired a new position in Strategy during the 4th quarter worth approximately $26,000. Finally, Safe Harbor Fiduciary LLC raised its stake in shares of Strategy by 820.0% during the 4th quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker's stock worth $27,000 after buying an additional 82 shares in the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

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.