Strategy Incorporated (NASDAQ:MSTR) CEO Sells $1,983,189.30 in Stock

Strategy Incorporated (NASDAQ:MSTR) CEO Phong Le sold 5,295 shares of the firm’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of $374.54, for a total transaction of $1,983,189.30. Following the transaction, the chief executive officer now directly owns 24,790 shares of the company’s stock, valued at $9,284,846.60. The trade was a 17.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Phong Le also recently made the following trade(s):

• On Thursday, June 5th, Phong Le purchased 4,500 shares of Strategy stock. The shares were acquired at an average cost of $85.00 per share, with a total value of $382,500.00.
• On Monday, March 24th, Phong Le sold 3,281 shares of Strategy stock. The stock was sold at an average price of $329.26, for a total transaction of $1,080,302.06.
• On Thursday, March 20th, Phong Le acquired 6,000 shares of Strategy stock. The shares were purchased at an average price of $85.00 per share, with a total value of $510,000.00.

Strategy Trading Down 0.2%

NASDAQ:MSTR opened at $391.18 on Wednesday. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $106.95 billion, a price-to-earnings ratio of -69.44 and a beta of 3.73. The firm has a fifty day simple moving average of $358.95 and a two-hundred day simple moving average of $341.80. Strategy Incorporated has a 12 month low of $102.40 and a 12 month high of $543.00.

Strategy (NASDAQ:MSTR) last released 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 business had revenue of $111.07 million during the quarter, compared to the consensus estimate of $116.66 million. During the same period last year, the business posted ($0.83) earnings per share. The firm’s quarterly revenue was down 3.6% on a year-over-year basis.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Geode Capital Management LLC lifted its stake in shares of Strategy by 10.2% in the fourth quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker’s stock valued at $881,470,000 after buying an additional 281,342 shares in the last quarter. Norges Bank bought a new position in shares of Strategy in the fourth quarter valued at $523,981,000. Northern Trust Corp lifted its stake in shares of Strategy by 24.4% in the fourth quarter. Northern Trust Corp now owns 1,076,185 shares of the software maker’s stock valued at $311,685,000 after buying an additional 210,997 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Strategy by 25.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 802,464 shares of the software maker’s stock valued at $232,410,000 after buying an additional 162,757 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Strategy by 14.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker’s stock valued at $220,626,000 after buying an additional 97,515 shares in the last quarter. 59.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

MSTR has been the subject of several recent analyst reports. Cantor Fitzgerald reiterated a “hold” rating on shares of Strategy in a research report on Monday, May 19th. UBS Group reiterated a “buy” rating on shares of Strategy in a research report on Friday, May 16th. Monness Crespi & Hardt cut shares of Strategy from a “neutral” rating to a “sell” rating and set a $220.00 price objective for the company. in a research report on Tuesday, April 1st. Canaccord Genuity Group reiterated a “buy” rating on shares of Strategy in a research report on Monday, May 19th. Finally, Barclays reiterated a “hold” rating on shares of Strategy in a research report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $514.42.

Strategy Company Profile

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.