Jarrod Patten Sells 1,500 Shares of Strategy (NASDAQ:MSTR) Stock

Strategy Inc (NASDAQ:MSTR) Director Jarrod Patten sold 1,500 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $190.85, for a total transaction of $286,275.00. Following the transaction, the director directly owned 28,000 shares in the company, valued at approximately $5,343,800. This trade represents a 5.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Strategy Stock Performance

NASDAQ:MSTR opened at $164.63 on Wednesday. The company has a quick ratio of 6.05, a current ratio of 6.05 and a debt-to-equity ratio of 0.22. Strategy Inc has a fifty-two week low of $104.17 and a fifty-two week high of $457.22. The stock has a market cap of $57.69 billion, a PE ratio of -4.10 and a beta of 3.59. The firm’s fifty day simple moving average is $151.27 and its 200-day simple moving average is $162.03.

Strategy (NASDAQ:MSTR) last posted its quarterly earnings results on Tuesday, May 5th. The software maker reported ($38.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.86) by ($37.39). Strategy had a negative return on equity of 26.97% and a negative net margin of 2,482.01%.The company had revenue of $124.30 million for the quarter, compared to analyst estimates of $120.75 million. During the same period last year, the company earned ($16.49) earnings per share. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. Analysts expect that Strategy Inc will post 116.7 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Strategy

Large investors have recently added to or reduced their stakes in the business. Federated Hermes Inc. acquired a new stake in shares of Strategy during the 2nd quarter worth about $396,000. Cary Street Partners Financial LLC acquired a new stake in shares of Strategy during the 2nd quarter worth about $202,000. Sei Investments Co. boosted its stake in shares of Strategy by 136.0% during the 2nd quarter. Sei Investments Co. now owns 39,905 shares of the software maker’s stock worth $16,125,000 after purchasing an additional 22,999 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Strategy by 59.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,215 shares of the software maker’s stock worth $7,767,000 after purchasing an additional 7,158 shares during the last quarter. Finally, Peapack Gladstone Financial Corp boosted its stake in shares of Strategy by 22.0% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 3,055 shares of the software maker’s stock worth $1,235,000 after purchasing an additional 550 shares during the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MSTR has been the topic of a number of research reports. Canaccord Genuity Group set a $224.00 price objective on shares of Strategy and gave the company a “buy” rating in a research note on Thursday, May 7th. B. Riley Financial increased their price objective on shares of Strategy from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Cantor Fitzgerald reissued an “overweight” rating on shares of Strategy in a research note on Monday, May 11th. Texas Capital raised shares of Strategy to a “strong-buy” rating in a research note on Thursday, March 19th. Finally, Wall Street Zen cut shares of Strategy from a “hold” rating to a “sell” rating in a research note on Sunday, February 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Strategy has a consensus rating of “Moderate Buy” and an average target price of $322.21.

Key Strategy News

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: TD Cowen raised its price target on Strategy to $400 from $395 and reiterated a Buy rating, citing continued Bitcoin accumulation and upside in the company’s treasury strategy. Article Title
• Positive Sentiment: Strategy disclosed a massive Bitcoin purchase of 24,869 BTC for about $2.01 billion, lifting holdings to 843,738 BTC and reinforcing its position as the largest public corporate Bitcoin holder. Article Title
• Positive Sentiment: Several reports highlighted strong investor interest in the company’s aggressive Bitcoin accumulation and the possibility that the strategy could support future share-price appreciation if Bitcoin rebounds. Article Title
• Neutral Sentiment: Jarrod Patten, a Strategy director, sold 1,500 shares, which adds a small insider-overhang headline but is not large enough on its own to change the core thesis. Article Title
• Neutral Sentiment: Management said it may repurchase $1.5 billion of convertible notes and could potentially fund that with Bitcoin sales, signaling a more flexible capital structure but also a shift away from the prior “never sell” stance. Article Title
• Negative Sentiment: Bitcoin fell sharply and crypto liquidations surged, weighing on Strategy because MSTR behaves like a leveraged proxy for BTC and tends to move with the coin. Article Title
• Negative Sentiment: Some investors view the convertible debt buyback and possible Bitcoin sales as adding balance-sheet risk, which is pressuring the stock in the near term. Article Title

About Strategy

Strategy, formerly known as MicroStrategy, Incorporated (NASDAQ: MSTR) is a global provider of enterprise analytics and mobility software. The company’s flagship platform offers business intelligence, data discovery, and advanced visualizations that enable organizations to analyze large volumes of data and deliver actionable insights. In addition to traditional on-premises deployments, Strategy provides a range of cloud-based services and managed offerings that allow customers to leverage the power of its analytics tools without managing complex infrastructure.

Founded in 1989 by Michael J.