Jarrod M. Patten Sells 1,100 Shares of Strategy Incorporated (NASDAQ:MSTR) Stock

Strategy Incorporated (NASDAQ:MSTR - Get Free Report) Director Jarrod M. Patten sold 1,100 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $395.00, for a total value of $434,500.00. Following the completion of the sale, the director now directly owns 9,170 shares of the company's stock, valued at $3,622,150. This represents a 10.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Strategy Price Performance

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Shares of MSTR traded up $1.55 during trading hours on Friday, reaching $415.93. 17,117,928 shares of the company traded hands, compared to its average volume of 18,091,099. The stock has a fifty day simple moving average of $318.40 and a 200 day simple moving average of $328.50. Strategy Incorporated has a fifty-two week low of $102.40 and a fifty-two week high of $543.00. The stock has a market capitalization of $107.04 billion, a PE ratio of -73.84 and a beta of 3.79. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39.

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

Institutional Inflows and Outflows

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A number of large investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its stake in 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 purchasing an additional 281,342 shares during the last quarter. Norges Bank purchased a new stake in Strategy in the 4th quarter valued at about $523,981,000. Northern Trust Corp increased its stake in shares of Strategy by 24.4% during the 4th quarter. Northern Trust Corp now owns 1,076,185 shares of the software maker's stock valued at $311,685,000 after acquiring an additional 210,997 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Strategy by 25.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 802,464 shares of the software maker's stock worth $232,410,000 after acquiring an additional 162,757 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position 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 worth $220,626,000 after acquiring an additional 97,515 shares during the last quarter. Hedge funds and other institutional investors own 59.84% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Compass Point raised Strategy to a "strong-buy" rating in a report on Wednesday, January 29th. Benchmark reissued a "buy" rating and set a $650.00 price objective on shares of Strategy in a report on Tuesday, January 14th. Keefe, Bruyette & Woods assumed coverage on shares of Strategy in a report on Friday, February 7th. They issued an "outperform" rating and a $560.00 target price for the company. Cantor Fitzgerald lowered their price target on Strategy from $619.00 to $614.00 and set an "overweight" rating on the stock in a report on Monday. Finally, Mizuho began coverage on Strategy in a research note on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 price objective for the company. 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's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $514.42.

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Read Our Latest Analysis on MSTR

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.

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