Strategy (NASDAQ:MSTR) Shares Down 1.4% Following Insider Selling

Strategy Incorporated (NASDAQ:MSTR)’s stock price traded down 1.4% during trading on Friday following insider selling activity. The company traded as low as $363.04 and last traded at $365.60. 2,823,098 shares traded hands during trading, a decline of 84% from the average session volume of 17,475,678 shares. The stock had previously closed at $370.63.

Specifically, Director Jarrod M. Patten sold 650 shares of the company’s stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $371.23, for a total transaction of $241,299.50. Following the sale, the director now directly owns 21,770 shares of the company’s stock, valued at $8,081,677.10. This represents a 2.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on MSTR shares. Canaccord Genuity Group reaffirmed a “buy” rating on shares of Strategy in a report on Monday, May 19th. BTIG Research restated a “buy” rating on shares of Strategy in a report on Wednesday, May 14th. UBS Group restated a “buy” rating on shares of Strategy in a report on Friday, May 16th. Barclays restated a “hold” rating on shares of Strategy in a report on Monday, May 19th. Finally, HC Wainwright assumed coverage on Strategy in a report on Tuesday, April 29th. They set a “buy” rating and a $480.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $514.42.

Strategy Stock Performance

The business has a 50-day moving average of $348.31 and a two-hundred day moving average of $342.52. The company has a market cap of $99.73 billion, a P/E ratio of -64.76 and a beta of 3.79. 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) last issued its quarterly earnings data on Thursday, May 1st. The software maker reported ($16.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($16.47). Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%. The company had revenue of $111.07 million for the quarter, compared to the consensus estimate of $116.66 million. During the same period in the previous year, the business earned ($0.83) EPS. Strategy’s revenue for the quarter was down 3.6% compared to the same quarter last year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Strs Ohio acquired a new stake in shares of Strategy during the first quarter worth about $905,000. Titleist Asset Management LLC lifted its holdings in shares of Strategy by 208.9% during the first quarter. Titleist Asset Management LLC now owns 19,720 shares of the software maker’s stock worth $5,685,000 after purchasing an additional 13,337 shares during the period. Gordian Capital Singapore Pte Ltd lifted its holdings in shares of Strategy by 11.0% during the first quarter. Gordian Capital Singapore Pte Ltd now owns 1,010 shares of the software maker’s stock worth $292,000 after purchasing an additional 100 shares during the period. Wealth Preservation Advisors LLC acquired a new stake in shares of Strategy during the first quarter worth about $375,000. Finally, Corebridge Financial Inc. lifted its holdings in shares of Strategy by 26.8% during the first quarter. Corebridge Financial Inc. now owns 16,691 shares of the software maker’s stock worth $4,812,000 after purchasing an additional 3,527 shares during the period. 59.84% of the stock is currently owned by hedge funds and other 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.