Strategy (NASDAQ:MSTR) Stock Price Up 4.7% - Here's What Happened

Strategy Incorporated (NASDAQ:MSTR - Get Free Report) shares traded up 4.7% during mid-day trading on Friday . The stock traded as high as $366.67 and last traded at $366.90. 6,537,473 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 17,970,749 shares. The stock had previously closed at $350.34.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Keefe, Bruyette & Woods started coverage on shares of Strategy in a report on Friday, February 7th. They set an "outperform" rating and a $560.00 target price on the stock. Cantor Fitzgerald raised their price objective on Strategy from $613.00 to $619.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Maxim Group boosted their target price on Strategy from $480.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. 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 report on Tuesday, April 1st. Finally, Mizuho initiated coverage on Strategy in a research note on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $508.09.

Strategy Stock Performance

The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average price of $294.88 and a two-hundred day moving average price of $314.33. The firm has a market cap of $95.04 billion, a PE ratio of -65.56 and a beta of 3.46.

Strategy (NASDAQ:MSTR - Get Free Report) last released its 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 Activity at Strategy

In related news, EVP Wei-Ming Shao purchased 500 shares of the company's stock in a transaction on Thursday, March 20th. The shares were bought at an average cost of $85.00 per share, for a total transaction of $42,500.00. Following the completion of the purchase, the executive vice president now directly owns 500 shares of the company's stock, valued at approximately $42,500. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jarrod M. Patten sold 1,700 shares of the company's stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of $342.01, for a total transaction of $581,417.00. Following the completion of the transaction, the director now owns 4,970 shares of the company's stock, valued at $1,699,789.70. This represents a 25.49 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders bought 8,000 shares of company stock worth $680,000 and sold 34,698 shares worth $11,403,343. 9.16% of the stock is currently owned by company insiders.

Institutional Trading of Strategy

A number of institutional investors have recently modified their holdings of the business. Norges Bank purchased a new stake in shares of Strategy during the 4th quarter worth approximately $523,981,000. Amundi boosted its position in Strategy by 262.8% during the fourth quarter. Amundi now owns 570,217 shares of the software maker's stock worth $165,146,000 after purchasing an additional 413,028 shares in the last quarter. First Trust Advisors LP increased its position in shares of Strategy by 266.1% in the fourth quarter. First Trust Advisors LP now owns 417,574 shares of the software maker's stock valued at $120,938,000 after buying an additional 303,517 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Strategy during the 4th quarter worth $81,783,000. Finally, Geode Capital Management LLC boosted its position in shares of Strategy by 10.2% in the 4th quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker's stock worth $881,470,000 after buying an additional 281,342 shares in the last quarter. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

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.

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