Strategy (NASDAQ:MSTR) Trading 1.5% Higher - Here's What Happened

Strategy Incorporated (NASDAQ:MSTR - Get Free Report) shares were up 1.5% during trading on Tuesday . The company traded as high as $282.84 and last traded at $272.18. Approximately 4,529,218 shares traded hands during trading, a decline of 75% from the average daily volume of 17,838,391 shares. The stock had previously closed at $268.14.

Analyst Upgrades and Downgrades

MSTR has been the subject of a number of research analyst reports. Benchmark reissued a "buy" rating and set a $650.00 price target on shares of Strategy in a research note on Tuesday, January 14th. Compass Point upgraded Strategy to a "strong-buy" rating in a research report on Wednesday, January 29th. Canaccord Genuity Group lowered their target price on shares of Strategy from $510.00 to $409.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Monness Crespi & Hardt downgraded shares of Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price target on the stock. in a research note on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods initiated coverage on shares of Strategy in a research report on Friday, February 7th. They issued an "outperform" rating and a $560.00 price objective for the company. One research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $508.09.

Strategy Stock Performance

The firm's fifty day moving average price is $295.80 and its 200 day moving average price is $305.67. The firm has a market cap of $77.20 billion, a P/E ratio of -53.25 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.

Strategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings data 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 return on equity of 19.01% and a negative net margin of 251.73%.

Insider Transactions at Strategy

In related news, Director Leslie J. Rechan sold 15,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the director now owns 4,970 shares of the company's stock, 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 link. Also, CFO Andrew Kang purchased 1,500 shares of the business's stock in a transaction on Thursday, March 20th. The stock was purchased at an average cost of $85.00 per share, for a total transaction of $127,500.00. Following the completion of the acquisition, the chief financial officer now directly owns 1,500 shares of the company's stock, valued at approximately $127,500. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders purchased 8,000 shares of company stock valued at $680,000 and sold 22,998 shares valued at $7,671,926. Corporate insiders own 9.16% of the company's stock.

Institutional Investors Weigh In On Strategy

Several institutional investors have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Strategy by 40.9% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 231 shares of the software maker's stock valued at $67,000 after acquiring an additional 67 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of Strategy in the first quarter worth $236,000. Fiduciary Alliance LLC raised its holdings in shares of Strategy by 12.8% in the first quarter. Fiduciary Alliance LLC now owns 34,981 shares of the software maker's stock worth $10,084,000 after buying an additional 3,967 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Strategy by 35.5% during the first quarter. Rhumbline Advisers now owns 268,406 shares of the software maker's stock worth $77,373,000 after buying an additional 70,359 shares during the period. Finally, Rothschild Investment LLC grew its holdings in shares of Strategy by 2.3% during the first quarter. Rothschild Investment LLC now owns 2,049 shares of the software maker's stock valued at $591,000 after buying an additional 46 shares during the last quarter. Institutional investors and hedge funds own 59.84% of the company's stock.

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.