Key Points
- Strategy director Jarrod Patten sold 2,750 shares on Monday, May 11 at an average price of $191.59, raising about $526,872.50. After the sale, he still held 28,000 shares valued at roughly $5.36 million.
- The sale comes amid a mixed backdrop for Strategy, with the stock recently trading at $184.42 and showing volatility, while the company continues to report weak profitability despite revenue growth.
- Investor sentiment remains split: Strategy has resumed buying bitcoin and analysts mostly keep bullish ratings, but some concern persists over possible bitcoin sales to fund dividends and the recent insider selling.
Strategy Inc (NASDAQ:MSTR - Get Free Report) Director Jarrod Patten sold 1,000 shares of Strategy stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $186.69, for a total value of $186,690.00. Following the completion of the transaction, the director owned 28,000 shares of the company's stock, valued at approximately $5,227,320. This trade represents a 3.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.
Strategy Price Performance
Shares of Strategy stock opened at $184.42 on Wednesday. The stock has a market cap of $61.55 billion, a price-to-earnings ratio of -4.59 and a beta of 3.59. The company has a debt-to-equity ratio of 0.22, a quick ratio of 5.62 and a current ratio of 6.05. The stock has a 50 day moving average price of $147.60 and a 200-day moving average price of $165.94. Strategy Inc has a one year low of $104.17 and a one year high of $457.22.
Strategy (NASDAQ:MSTR - Get Free Report) last announced its earnings results on Tuesday, May 5th. The software maker reported ($38.25) EPS for the quarter, missing analysts' consensus estimates of ($0.86) by ($37.39). The company had revenue of $124.30 million during the quarter, compared to analysts' expectations of $120.75 million. Strategy had a negative return on equity of 26.97% and a negative net margin of 2,482.01%.Strategy's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($16.49) EPS. Equities analysts expect that Strategy Inc will post 136.35 EPS for the current year.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. Benchmark decreased their price objective on shares of Strategy from $705.00 to $570.00 and set a "buy" rating for the company in a research note on Wednesday, May 6th. B. Riley Financial raised their price objective on shares of Strategy from $200.00 to $215.00 and gave the stock a "buy" rating in a research note on Thursday, May 7th. Texas Capital raised shares of Strategy to a "strong-buy" rating in a research note on Thursday, March 19th. Cantor Fitzgerald reissued an "overweight" rating on shares of Strategy in a research note on Monday. Finally, BTIG Research reissued a "buy" rating and issued a $350.00 price objective (up from $250.00) on shares of Strategy in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $321.86.
Read Our Latest Report on MSTR
Trending Headlines about Strategy
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Institutional Trading of Strategy
Several institutional investors and hedge funds have recently modified their holdings of MSTR. McIlrath & Eck LLC grew its holdings in shares of Strategy by 3.8% during the second quarter. McIlrath & Eck LLC now owns 1,246 shares of the software maker's stock valued at $504,000 after buying an additional 46 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Strategy by 45.6% during the third quarter. Meeder Asset Management Inc. now owns 150 shares of the software maker's stock valued at $48,000 after buying an additional 47 shares during the last quarter. Mill Creek Capital Advisors LLC grew its holdings in shares of Strategy by 2.8% during the third quarter. Mill Creek Capital Advisors LLC now owns 1,748 shares of the software maker's stock valued at $563,000 after buying an additional 48 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd grew its holdings in shares of Strategy by 31.3% during the third quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 210 shares of the software maker's stock valued at $68,000 after buying an additional 50 shares during the last quarter. Finally, Angeles Wealth Management LLC grew its holdings in shares of Strategy by 6.2% during the third quarter. Angeles Wealth Management LLC now owns 893 shares of the software maker's stock valued at $288,000 after buying an additional 52 shares during the last quarter. Institutional investors own 59.84% of the company's stock.
About Strategy
(
Get Free Report)
Strategy, formerly known as MicroStrategy, Incorporated (NASDAQ: MSTR) is a global provider of enterprise analytics and mobility software. The company’s flagship platform offers business intelligence, data discovery, and advanced visualizations that enable organizations to analyze large volumes of data and deliver actionable insights. In addition to traditional on-premises deployments, Strategy provides a range of cloud-based services and managed offerings that allow customers to leverage the power of its analytics tools without managing complex infrastructure.
Founded in 1989 by Michael J.
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