Strategy Incorporated (NASDAQ:MSTR) EVP Wei-Ming Shao Sells 10,000 Shares

Strategy Incorporated (NASDAQ:MSTR - Get Free Report) EVP Wei-Ming Shao sold 10,000 shares of the business's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $315.00, for a total transaction of $3,150,000.00. Following the completion of the sale, the executive vice president now directly owns 10,597 shares of the company's stock, valued at $3,338,055. This represents a 48.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Wei-Ming Shao also recently made the following trade(s):

• On Monday, March 24th, Wei-Ming Shao sold 2,051 shares of Strategy stock. The shares were sold at an average price of $329.26, for a total value of $675,312.26.
• On Thursday, March 20th, Wei-Ming Shao purchased 500 shares of Strategy stock. The stock was bought at an average price of $85.00 per share, for a total transaction of $42,500.00.

Strategy Trading Up 1.8 %

Shares of NASDAQ:MSTR traded up $5.54 during trading on Friday, hitting $317.20. The company had a trading volume of 13,470,411 shares, compared to its average volume of 17,957,472. The company has a fifty day simple moving average of $294.33 and a two-hundred day simple moving average of $308.67. Strategy Incorporated has a one year low of $101.00 and a one year high of $543.00. 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 debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65.

Strategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($3.07). Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Analyst Ratings Changes

Several research analysts have recently issued reports on MSTR shares. Barclays decreased their target price on Strategy from $515.00 to $421.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Benchmark reissued a "buy" rating and issued a $650.00 price target on shares of Strategy in a research report on Tuesday, January 14th. Compass Point raised Strategy to a "strong-buy" rating in a research report on Wednesday, January 29th. Mizuho initiated coverage on shares of Strategy in a report on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 price objective for the company. Finally, Monness Crespi & Hardt lowered Strategy from a "neutral" rating to a "sell" rating and set a $220.00 target price for the company. in a research report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $508.09.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank bought a new position in Strategy in the fourth quarter worth about $523,981,000. Amundi raised its position in shares of Strategy by 262.8% in the 4th quarter. Amundi now owns 570,217 shares of the software maker's stock valued at $165,146,000 after purchasing an additional 413,028 shares during the last quarter. First Trust Advisors LP grew its position in Strategy by 266.1% during the 4th quarter. First Trust Advisors LP now owns 417,574 shares of the software maker's stock worth $120,938,000 after purchasing an additional 303,517 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Strategy in the 4th quarter valued at $81,783,000. Finally, Geode Capital Management LLC grew its stake in 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 purchasing an additional 281,342 shares during the last quarter. 59.84% of the stock is currently owned by institutional investors.

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.