Strategy (NASDAQ:MSTR) Trading 1.1% Higher – Here’s Why

Strategy Incorporated (NASDAQ:MSTR) was up 1.1% during mid-day trading on Wednesday . The stock traded as high as $317.30 and last traded at $314.00. Approximately 3,807,671 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 17,948,269 shares. The stock had previously closed at $310.72.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Canaccord Genuity Group dropped their price target on shares of Strategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Mizuho assumed coverage on Strategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price target for the company. Compass Point raised Strategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Cantor Fitzgerald lifted their price target on Strategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Monness Crespi & Hardt lowered shares of Strategy from a “neutral” rating to a “sell” rating and set a $220.00 price objective for the company. in a report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $508.09.

Strategy Trading Up 1.8 %

The business has a 50-day simple moving average of $294.33 and a 200-day simple moving average of $308.67. The company has a market cap of $81.63 billion, a PE ratio of -56.31 and a beta of 3.46. 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) last announced its earnings results on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

Insider Activity at Strategy

In related news, Director Leslie J. Rechan sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total value of $5,038,500.00. Following the sale, the director now owns 4,970 shares of the company’s stock, valued at $1,669,423. This trade represents a 75.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jeanine Montgomery sold 481 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $329.27, for a total transaction of $158,378.87. Following the transaction, the chief accounting officer now owns 7,805 shares of the company’s stock, valued at $2,569,952.35. This trade represents a 5.80 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 8,000 shares of company stock worth $680,000 and sold 32,998 shares worth $10,821,926. Company insiders own 9.16% of the company’s stock.

Hedge Funds Weigh In On Strategy

A number of institutional investors and hedge funds have recently modified their holdings of the company. Riverview Trust Co purchased a new position in shares of Strategy in the 4th quarter valued at about $25,000. IAG Wealth Partners LLC purchased a new stake in shares of Strategy during the 4th quarter worth approximately $25,000. Quadrant Capital Group LLC boosted its holdings in shares of Strategy by 855.6% in the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock valued at $25,000 after buying an additional 77 shares in the last quarter. Dunhill Financial LLC purchased a new position in shares of Strategy in the 4th quarter valued at $26,000. Finally, Parkside Financial Bank & Trust lifted its position in Strategy by 422.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock valued at $27,000 after acquiring an additional 76 shares during the last quarter. Institutional investors and hedge funds own 59.84% of the company’s stock.

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.