Strategy (NASDAQ:MSTR) Director Jarrod Patten Sells 3,000 Shares

Strategy Inc (NASDAQ:MSTR) Director Jarrod Patten sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $166.92, for a total value of $500,760.00. Following the sale, the director directly owned 28,000 shares in the company, valued at $4,673,760. The trade was a 9.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Strategy Trading Down 0.6%

Shares of NASDAQ MSTR opened at $164.85 on Friday. The business’s 50 day moving average is $152.34 and its two-hundred day moving average is $160.66. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.05 and a quick ratio of 6.05. Strategy Inc has a 1-year low of $104.17 and a 1-year high of $457.22. The stock has a market capitalization of $57.77 billion, a P/E ratio of -4.10 and a beta of 3.59.

Strategy (NASDAQ:MSTR) last posted its quarterly earnings data 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 net margin of 2,482.01% and a negative return on equity of 26.97%. The firm had revenue of $124.30 million for the quarter, compared to the consensus estimate of $120.75 million. During the same quarter last year, the firm earned ($16.49) EPS. The company’s revenue was up 11.9% on a year-over-year basis. As a group, research analysts expect that Strategy Inc will post 116.7 EPS for the current year.

Key Stories Impacting Strategy

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: TD Cowen raised its price target on Strategy Inc. (MSTR) to $400 and reiterated a Buy rating, citing continued Bitcoin accumulation and substantial upside potential. Article Title
• Positive Sentiment: Strategy’s aggressive Bitcoin buying continues to support the bull case, with reports saying the company added to its BTC holdings using capital raised from securities sales. Article Title
• Neutral Sentiment: Michael Saylor’s public comments this week reinforced Strategy’s long-term Bitcoin thesis and its evolving capital-markets approach, but they did not provide a near-term operating catalyst. Article Title
• Negative Sentiment: Investor concern has risen after reports that Strategy may pause Bitcoin purchases and could even sell Bitcoin to support capital-management moves, raising questions about the durability of the company’s accumulation strategy. Article Title
• Negative Sentiment: Zacks Research downgraded Strategy Inc. (MSTR) from Hold to Strong Sell, adding to bearish sentiment around the shares. Article Title
• Negative Sentiment: New insider selling also weighed on sentiment, including CFO Andrew Kang’s share sale and director Jarrod M. Patten’s recent disposals. Article Title

Analysts Set New Price Targets

MSTR has been the topic of a number of analyst reports. Cantor Fitzgerald reiterated an “overweight” rating on shares of Strategy in a research report on Monday, May 11th. HC Wainwright reaffirmed a “buy” rating on shares of Strategy in a research note on Friday, February 6th. B. Riley Financial upped their target price on Strategy from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Canaccord Genuity Group set a $224.00 target price on Strategy and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Wall Street Zen cut Strategy from a “hold” rating to a “sell” rating in a research note on Sunday, February 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $322.21.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MSTR. CTC Alternative Strategies Ltd. boosted its holdings in shares of Strategy by 14.7% in the 1st quarter. CTC Alternative Strategies Ltd. now owns 5,008 shares of the software maker’s stock valued at $625,000 after buying an additional 642 shares in the last quarter. J. Derek Lewis & Associates Inc. boosted its holdings in shares of Strategy by 23.0% in the 1st quarter. J. Derek Lewis & Associates Inc. now owns 8,303 shares of the software maker’s stock valued at $1,036,000 after buying an additional 1,550 shares in the last quarter. SOA Wealth Advisors LLC. boosted its holdings in shares of Strategy by 934.6% in the 1st quarter. SOA Wealth Advisors LLC. now owns 1,107 shares of the software maker’s stock valued at $138,000 after buying an additional 1,000 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Strategy by 3.1% in the 1st quarter. Bank of America Corp DE now owns 3,965,680 shares of the software maker’s stock valued at $494,917,000 after buying an additional 117,374 shares in the last quarter. Finally, SkyBridge Capital II LLC acquired a new stake in shares of Strategy in the 1st quarter worth $8,771,000. 59.84% of the stock is currently owned by institutional investors.

Strategy Company Profile

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.