Strategy (NASDAQ:MSTR) Trading Up 4.8% - What's Next?

Strategy Incorporated (NASDAQ:MSTR - Get Free Report)'s stock price traded up 4.8% during mid-day trading on Monday . The company traded as high as $314.60 and last traded at $314.34. 5,225,374 shares changed hands during trading, a decline of 71% from the average session volume of 17,983,125 shares. The stock had previously closed at $299.98.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Benchmark restated a "buy" rating and set a $650.00 price objective on shares of Strategy in a research note on Tuesday, January 14th. Barclays decreased their price target on Strategy from $515.00 to $421.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Canaccord Genuity Group cut their price objective on Strategy from $510.00 to $409.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Maxim Group raised their target price on shares of Strategy from $480.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Finally, Cantor Fitzgerald lifted their target price on shares of Strategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Strategy has a consensus rating of "Moderate Buy" and a consensus price target of $508.09.

Strategy Trading Up 1.8 %

The business has a 50-day moving average of $294.28 and a 200-day moving average of $309.73. The stock 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 quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39.

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 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 Buying and Selling

In other Strategy news, EVP Wei-Ming Shao bought 500 shares of Strategy stock in a transaction on Thursday, March 20th. The shares were purchased at an average cost of $85.00 per share, for a total transaction of $42,500.00. Following the completion of the acquisition, the executive vice president now owns 500 shares in the company, valued at approximately $42,500. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Andrew Kang purchased 1,500 shares of the company'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 purchase, the chief financial officer now directly owns 1,500 shares in the company, valued at approximately $127,500. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 8,000 shares of company stock worth $680,000 and sold 32,998 shares worth $10,821,926. 9.16% of the stock is currently owned by corporate insiders.

Institutional Trading of Strategy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new stake in Strategy in the fourth quarter valued at about $523,981,000. Amundi increased its holdings in Strategy by 262.8% during the 4th 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 lifted its position in shares of Strategy by 266.1% during the fourth quarter. First Trust Advisors LP now owns 417,574 shares of the software maker's stock valued at $120,938,000 after purchasing an additional 303,517 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Strategy in the fourth quarter worth $81,783,000. Finally, Geode Capital Management LLC grew its position in shares of Strategy by 10.2% during the 4th quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker's stock valued at $881,470,000 after acquiring an additional 281,342 shares during the period. Institutional investors own 59.84% of the company's stock.

About Strategy

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.