Traders Purchase High Volume of Strategy Call Options (NASDAQ:MSTR)

Strategy Incorporated (NASDAQ:MSTR) was the recipient of unusually large options trading on Friday. Investors acquired 764,660 call options on the company. This is an increase of approximately 31% compared to the typical daily volume of 581,731 call options.

Insiders Place Their Bets

In related news, EVP Wei-Ming Shao acquired 500 shares of the company’s stock in a transaction dated Thursday, March 20th. The shares were bought at an average cost of $85.00 per share, with a total value of $42,500.00. Following the completion of the transaction, the executive vice president now directly owns 500 shares of the company’s stock, valued at $42,500. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Leslie J. Rechan sold 15,000 shares of Strategy stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the sale, the director now directly owns 4,970 shares of the company’s stock, valued at $1,669,423. The trade was a 75.11 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 8,000 shares of company stock valued at $680,000 and have sold 40,098 shares valued at $13,432,270. Company insiders own 9.16% of the company’s stock.

Hedge Funds Weigh In On Strategy

Institutional investors have recently added to or reduced their stakes in the stock. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of Strategy during the first quarter worth $13,795,000. Strategic Advocates LLC increased its holdings in Strategy by 5.4% in the 1st quarter. Strategic Advocates LLC now owns 7,853 shares of the software maker’s stock worth $2,264,000 after purchasing an additional 403 shares in the last quarter. Arkadios Wealth Advisors increased its holdings in Strategy by 14.3% in the 1st quarter. Arkadios Wealth Advisors now owns 5,433 shares of the software maker’s stock worth $1,566,000 after purchasing an additional 679 shares in the last quarter. Pin Oak Investment Advisors Inc. raised its position in Strategy by 95.9% in the first quarter. Pin Oak Investment Advisors Inc. now owns 568 shares of the software maker’s stock valued at $164,000 after purchasing an additional 278 shares during the last quarter. Finally, Navellier & Associates Inc. boosted its stake in shares of Strategy by 28.3% during the first quarter. Navellier & Associates Inc. now owns 6,156 shares of the software maker’s stock valued at $1,775,000 after purchasing an additional 1,358 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Strategy Trading Up 0.4 %

Shares of MSTR opened at $415.93 on Friday. 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 has a 52-week low of $102.40 and a 52-week high of $543.00. The firm has a market cap of $107.04 billion, a price-to-earnings ratio of -73.84 and a beta of 3.79. The business’s fifty day moving average is $318.40 and its 200-day moving average is $328.50.

Strategy (NASDAQ:MSTR) last released its earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($16.47). The business had revenue of $111.07 million during the quarter, compared to the consensus estimate of $116.66 million. Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%. The business’s revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.83) EPS.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Maxim Group boosted their price target on Strategy from $480.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Canaccord Genuity Group upped their price target on shares of Strategy from $409.00 to $464.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Keefe, Bruyette & Woods started coverage on shares of Strategy in a research note on Friday, February 7th. They issued an “outperform” rating and a $560.00 price objective for the company. Monness Crespi & Hardt cut shares of Strategy from a “neutral” rating to a “sell” rating and set a $220.00 target price on the stock. in a report on Tuesday, April 1st. Finally, Compass Point upgraded Strategy to a “strong-buy” rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $514.42.

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.