Key Points
- Strategy Director Jarrod Patten sold 2,250 shares on May 20 at an average price of $166.37, totaling about $374,333. After the sale, he still held 28,000 shares valued at roughly $4.66 million.
- The stock has been under pressure and slipped 0.6%, opening Friday at $164.85. Strategy also remains highly volatile, with a 52-week range of $104.17 to $457.22 and a beta of 3.59.
- Sentiment around MSTR is mixed: some analysts and funds remain bullish, with TD Cowen lifting its target to $400 and BTIG setting $350, but bearish signals include recent insider selling and a Zacks downgrade to Strong Sell.
Strategy Inc (NASDAQ:MSTR - Get Free Report) Director Jarrod Patten sold 2,250 shares of the business's stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $166.37, for a total value of $374,332.50. Following the transaction, the director owned 28,000 shares of the company's stock, valued at approximately $4,658,360. This trade represents a 7.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Strategy Trading Down 0.6%
Shares of NASDAQ:MSTR opened at $164.85 on Friday. Strategy Inc has a 12-month low of $104.17 and a 12-month high of $457.22. The company has a current ratio of 6.05, a quick ratio of 6.05 and a debt-to-equity ratio of 0.22. The company has a market cap of $57.77 billion, a PE ratio of -4.10 and a beta of 3.59. The stock has a 50 day moving average of $152.34 and a 200 day moving average of $160.66.
Strategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The software maker reported ($38.25) earnings per share for the quarter, missing the consensus estimate of ($0.86) by ($37.39). Strategy had a negative return on equity of 26.97% and a negative net margin of 2,482.01%.The business had revenue of $124.30 million during the quarter, compared to the consensus estimate of $120.75 million. During the same quarter in the previous year, the company earned ($16.49) earnings per share. The company's revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, equities research analysts expect that Strategy Inc will post 116.7 EPS for the current year.
More Strategy News
Here are the key news stories impacting Strategy this week:
- Positive Sentiment: TD Cowen raised its price target on Strategy Inc. (MSTR) to $400 and reiterated a Buy rating, citing continued Bitcoin accumulation and substantial upside potential. Article Title
- Positive Sentiment: Strategy’s aggressive Bitcoin buying continues to support the bull case, with reports saying the company added to its BTC holdings using capital raised from securities sales. Article Title
- Neutral Sentiment: Michael Saylor’s public comments this week reinforced Strategy’s long-term Bitcoin thesis and its evolving capital-markets approach, but they did not provide a near-term operating catalyst. Article Title
- Negative Sentiment: Investor concern has risen after reports that Strategy may pause Bitcoin purchases and could even sell Bitcoin to support capital-management moves, raising questions about the durability of the company’s accumulation strategy. Article Title
- Negative Sentiment: Zacks Research downgraded Strategy Inc. (MSTR) from Hold to Strong Sell, adding to bearish sentiment around the shares. Article Title
- Negative Sentiment: New insider selling also weighed on sentiment, including CFO Andrew Kang’s share sale and director Jarrod M. Patten’s recent disposals. Article Title
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on MSTR shares. Mizuho set a $320.00 price target on Strategy and gave the stock an "outperform" rating in a research note on Tuesday, February 17th. Weiss Ratings restated a "hold (c)" rating on shares of Strategy in a research note on Friday, March 27th. BTIG Research restated a "buy" rating and issued a $350.00 price target (up from $250.00) on shares of Strategy in a research note on Wednesday, May 6th. Wall Street Zen downgraded Strategy from a "hold" rating to a "sell" rating in a research note on Sunday, February 8th. Finally, Zacks Research downgraded Strategy from a "hold" rating to a "strong sell" rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $322.21.
Get Our Latest Research Report on MSTR
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of MSTR. Federated Hermes Inc. bought a new position in shares of Strategy during the 2nd quarter valued at approximately $396,000. Cary Street Partners Financial LLC bought a new position in shares of Strategy during the 2nd quarter valued at approximately $202,000. Sei Investments Co. boosted its position in shares of Strategy by 136.0% during the 2nd quarter. Sei Investments Co. now owns 39,905 shares of the software maker's stock valued at $16,125,000 after acquiring an additional 22,999 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Strategy by 59.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,215 shares of the software maker's stock valued at $7,767,000 after acquiring an additional 7,158 shares during the last quarter. Finally, Peapack Gladstone Financial Corp boosted its position in shares of Strategy by 22.0% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 3,055 shares of the software maker's stock valued at $1,235,000 after acquiring an additional 550 shares during the last quarter. 59.84% of the stock is currently owned by institutional investors.
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.
Further Reading
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