Insider Selling: Strategy (NASDAQ:MSTR) Director Sells $200,955.00 in Stock

Strategy Inc (NASDAQ:MSTR) Director Jarrod Patten sold 1,500 shares of Strategy stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $133.97, for a total value of $200,955.00. Following the completion of the sale, the director owned 28,406 shares in the company, valued at approximately $3,805,551.82. The trade was a 5.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Strategy Price Performance

Shares of Strategy stock opened at $112.53 on Friday. The stock has a market capitalization of $39.44 billion, a P/E ratio of -2.80 and a beta of 3.49. The business has a 50 day simple moving average of $152.69 and a two-hundred day simple moving average of $150.03. Strategy Inc has a 12 month low of $104.17 and a 12 month high of $457.22. 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 (NASDAQ:MSTR) last issued its quarterly earnings results on Tuesday, May 5th. The software maker reported ($38.25) earnings per share (EPS) 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 firm had revenue of $124.30 million during the quarter, compared to analyst estimates of $120.75 million. During the same period in the prior year, the firm earned ($16.49) earnings per share. The business’s revenue was up 11.9% on a year-over-year basis. As a group, analysts predict that Strategy Inc will post 116.7 EPS for the current fiscal year.

Hedge Funds Weigh In On Strategy

Several large investors have recently made changes to their positions in the stock. Federated Hermes Inc. purchased a new stake in Strategy in the second quarter valued at approximately $396,000. Cary Street Partners Financial LLC acquired a new stake in shares of Strategy in the second quarter valued at $202,000. Sei Investments Co. grew its stake in shares of Strategy by 136.0% in the second quarter. Sei Investments Co. now owns 39,905 shares of the software maker’s stock valued at $16,125,000 after buying an additional 22,999 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Strategy by 59.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,215 shares of the software maker’s stock valued at $7,767,000 after buying an additional 7,158 shares during the period. Finally, Peapack Gladstone Financial Corp lifted its stake in 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 acquiring an additional 550 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. B. Riley Financial increased their target price on shares of Strategy from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Monness Crespi & Hardt restated a “neutral” rating on shares of Strategy in a research report on Tuesday, June 2nd. Canaccord Genuity Group set a $163.00 price objective on shares of Strategy and gave the company a “buy” rating in a report on Wednesday, June 3rd. TD Cowen raised their target price on shares of Strategy from $395.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, May 19th. Finally, Benchmark restated a “buy” rating on shares of Strategy in a report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $313.93.

Strategy News Roundup

Here are the key news stories impacting Strategy this week:

• Negative Sentiment: Director Jarrod Patten sold 1,500 shares of Strategy, a move that can weigh on sentiment when investors are already worried about the stock’s recent volatility and the company’s financing strategy. Article Title
• Negative Sentiment: Strategy’s preferred stock, STRC, fell to record lows, renewing fears that the company may have a harder time funding future Bitcoin purchases without more dilution or pressure on dividend obligations. Article Title
• Negative Sentiment: Multiple reports said weak STRC pricing is raising concerns about Strategy’s monthly dividend burden and whether its Bitcoin-buying engine can keep operating at the same pace. Article Title
• Negative Sentiment: Bitcoin’s broader weakness, including a large options expiry and hawkish macro fears, is adding to pressure on MSTR because the stock trades as a leveraged proxy for Bitcoin sentiment. Article Title
• Neutral Sentiment: Michael Saylor continued defending Strategy’s Bitcoin model, but his comments have not yet eased market worries about funding, leverage, and dilution. Article Title
• Neutral Sentiment: Strategy also disclosed a modest Bitcoin purchase, which supports its treasury narrative but has been overshadowed by concerns around financing and preferred-share weakness. Article Title

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.