Strategy Incorporated (NASDAQ:MSTR - Get Free Report) Director Jarrod M. Patten sold 1,700 shares of the firm's stock in a transaction dated Tuesday, April 22nd. The stock was sold at an average price of $342.01, for a total value of $581,417.00. Following the sale, the director now directly owns 4,970 shares in the company, valued at approximately $1,699,789.70. This represents a 25.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Strategy Stock Performance
Shares of NASDAQ MSTR opened at $350.34 on Friday. The stock has a market capitalization of $90.16 billion, a PE ratio of -62.19 and a beta of 3.46. Strategy Incorporated has a 52 week low of $101.00 and a 52 week high of $543.00. The stock has a 50 day moving average price of $294.88 and a 200 day moving average price of $314.33. 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 (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($3.07). Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank acquired a new stake in Strategy in the 4th quarter valued at about $523,981,000. Amundi raised its stake in Strategy by 262.8% in the fourth quarter. Amundi now owns 570,217 shares of the software maker's stock valued at $165,146,000 after buying an additional 413,028 shares during the period. First Trust Advisors LP lifted its position in shares of Strategy by 266.1% in the fourth quarter. First Trust Advisors LP now owns 417,574 shares of the software maker's stock valued at $120,938,000 after buying an additional 303,517 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Strategy during the 4th quarter worth approximately $81,783,000. Finally, Geode Capital Management LLC increased its holdings in shares of Strategy by 10.2% during the 4th quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker's stock worth $881,470,000 after acquiring an additional 281,342 shares during the last quarter. Institutional investors own 59.84% of the company's stock.
Analyst Ratings Changes
Several analysts have commented on the stock. Monness Crespi & Hardt downgraded 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. Canaccord Genuity Group dropped their price objective on shares of Strategy from $510.00 to $409.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Maxim Group upped their target price on shares of Strategy from $480.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Cantor Fitzgerald lifted their price target on Strategy from $613.00 to $619.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Finally, Compass Point raised Strategy to a "strong-buy" rating in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Strategy has an average rating of "Moderate Buy" and a consensus target price of $508.09.
Get Our Latest Analysis on Strategy
About Strategy
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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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