Strategy Incorporated (NASDAQ:MSTR - Get Free Report)'s stock price shot up 0.2% on Thursday . The company traded as high as $320.00 and last traded at $312.41. 5,002,814 shares traded hands during trading, a decline of 72% from the average session volume of 17,935,310 shares. The stock had previously closed at $311.66.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on MSTR shares. Barclays decreased their price target on Strategy from $515.00 to $421.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Canaccord Genuity Group decreased their target price on shares of Strategy from $510.00 to $409.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Compass Point upgraded shares of Strategy to a "strong-buy" rating in a research report on Wednesday, January 29th. Mizuho began coverage on shares of Strategy in a research report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 price target on the stock. Finally, 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. One equities research 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's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $508.09.
Check Out Our Latest Report on Strategy
Strategy Trading Up 1.8 %
The business has a fifty day simple moving average of $294.28 and a 200-day simple moving average of $310.74. The firm has a market cap of $81.63 billion, a price-to-earnings ratio of -56.31 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) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 related news, EVP Wei-Ming Shao purchased 500 shares of Strategy stock in a transaction on Thursday, March 20th. The shares were purchased at an average price of $85.00 per share, for a total transaction of $42,500.00. Following the transaction, the executive vice president now owns 500 shares of the company's stock, valued at approximately $42,500. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Leslie J. Rechan sold 15,000 shares of the firm's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $335.90, for a total value of $5,038,500.00. Following the transaction, the director now owns 4,970 shares of the company's stock, valued at $1,669,423. This trade represents a 75.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 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 company insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of MSTR. FNY Investment Advisers LLC acquired a new position in Strategy in the first quarter valued at $854,000. Janney Montgomery Scott LLC boosted its position in shares of Strategy by 3.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 27,905 shares of the software maker's stock valued at $8,044,000 after purchasing an additional 881 shares in the last quarter. First United Bank & Trust acquired a new stake in Strategy during the first quarter worth approximately $29,000. Handelsbanken Fonder AB increased its holdings in Strategy by 4.2% in the first quarter. Handelsbanken Fonder AB now owns 50,060 shares of the software maker's stock worth $14,431,000 after purchasing an additional 2,000 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Strategy by 47.7% during the 1st quarter. GAMMA Investing LLC now owns 830 shares of the software maker's stock worth $239,000 after buying an additional 268 shares in the last quarter. Institutional investors and hedge funds own 59.84% of the company's stock.
About Strategy
(
Get Free Report)
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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