Strategy (NASDAQ:MSTR) Trading 0.9% Higher - Should You Buy?

Strategy Incorporated (NASDAQ:MSTR - Get Free Report) shares rose 0.9% on Wednesday . The stock traded as high as $355.83 and last traded at $346.00. Approximately 6,901,428 shares traded hands during trading, a decline of 62% from the average daily volume of 17,940,700 shares. The stock had previously closed at $343.03.

Analyst Ratings Changes

MSTR has been the subject of a number of recent research reports. Benchmark reiterated a "buy" rating and issued a $650.00 target price on shares of Strategy in a report on Tuesday, January 14th. Keefe, Bruyette & Woods assumed coverage on Strategy in a research note on Friday, February 7th. They set an "outperform" rating and a $560.00 target price for the company. Cantor Fitzgerald raised their price objective on shares of Strategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Canaccord Genuity Group dropped their target price on shares of Strategy from $510.00 to $409.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Finally, Barclays dropped their price objective on Strategy from $515.00 to $421.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Strategy has an average rating of "Moderate Buy" and an average price target of $508.09.

Strategy Trading Up 2.0 %

The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The business has a 50 day moving average of $294.47 and a 200-day moving average of $312.97. The stock has a market cap of $90.01 billion, a PE ratio of -62.09 and a beta of 3.46.

Strategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) 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%.

Insider Transactions at Strategy

In other Strategy news, Director Leslie J. Rechan sold 15,000 shares of the company's stock in a transaction dated 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 directly owns 4,970 shares of the company's stock, valued at $1,669,423. This represents a 75.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Wei-Ming Shao sold 10,000 shares of the business's stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 10,597 shares in the company, valued at approximately $3,338,055. This trade represents a 48.55 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have bought 8,000 shares of company stock valued at $680,000 and have sold 32,998 shares valued at $10,821,926. Corporate insiders own 9.16% of the company's stock.

Hedge Funds Weigh In On Strategy

A number of large investors have recently bought and sold shares of the business. Garden State Investment Advisory Services LLC lifted its position in Strategy by 1,005.0% in 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 purchasing an additional 2,392 shares during the last quarter. Virtu Financial LLC increased its holdings in shares of Strategy by 10,398.4% in the third quarter. Virtu Financial LLC now owns 224,245 shares of the software maker's stock valued at $37,808,000 after buying an additional 222,109 shares in the last quarter. Peapack Gladstone Financial Corp lifted its holdings in shares of Strategy by 900.0% during the third quarter. Peapack Gladstone Financial Corp now owns 2,350 shares of the software maker's stock valued at $396,000 after purchasing an additional 2,115 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Strategy by 3.3% in the third quarter. Franklin Resources Inc. now owns 4,248 shares of the software maker's stock valued at $716,000 after purchasing an additional 135 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC grew its holdings in shares of Strategy by 1,105.2% during the third quarter. Beaird Harris Wealth Management LLC now owns 4,640 shares of the software maker's stock valued at $782,000 after buying an additional 4,255 shares in the last quarter. Institutional investors 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.

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