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

Strategy Inc (NASDAQ:MSTR) Director Jarrod Patten sold 3,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $166.92, for a total transaction of $500,760.00. Following the completion of the transaction, the director owned 28,000 shares in the company, valued at $4,673,760. This trade represents a 9.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Strategy Price Performance

Shares of NASDAQ:MSTR opened at $159.89 on Friday. The firm’s 50 day moving average price is $152.77 and its 200-day moving average price is $160.66. Strategy Inc has a twelve month low of $104.17 and a twelve month high of $457.22. The company has a quick ratio of 6.05, a current ratio of 6.05 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $56.03 billion, a PE ratio of -3.98 and a beta of 3.59.

Strategy (NASDAQ:MSTR) last issued its quarterly earnings data on Tuesday, May 5th. The software maker reported ($38.25) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $124.30 million during the quarter, compared to the consensus estimate of $120.75 million. During the same quarter last year, the company earned ($16.49) EPS. Strategy’s revenue for the quarter was up 11.9% on a year-over-year basis. Equities research analysts expect that Strategy Inc will post 116.7 EPS for the current year.

More Strategy News

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: TD Cowen reiterated a Buy rating and lifted its price target on Strategy, citing continued Bitcoin accumulation and potential upside from the company’s BTC-focused model.
• Positive Sentiment: Reports that Strategy continued buying Bitcoin with capital raised from securities sales reinforce the core bull case that BTC holdings remain the main value driver for MSTR.
• Neutral Sentiment: Michael Saylor’s CNBC comments on tokenization and Strategy’s evolving capital-markets approach support the long-term Bitcoin thesis, but do not create an immediate operating catalyst.
• Negative Sentiment: Investor concern has increased after reports that Strategy may pause Bitcoin buying and could even sell some BTC to support capital-management moves or debt repurchases.
• Negative Sentiment: Zacks Research downgraded Strategy to Strong Sell, adding to bearish sentiment around the stock.
• Negative Sentiment: New insider selling, including CFO Andrew Kang’s stock sale and director Jarrod M. Patten’s disposals, is weighing on confidence in the shares.

Institutional Investors Weigh In On Strategy

Institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers grew its holdings in Strategy by 16.1% during the 3rd quarter. Rhumbline Advisers now owns 313,565 shares of the software maker’s stock valued at $101,034,000 after buying an additional 43,509 shares in the last quarter. Schroder Investment Management Group grew its holdings in Strategy by 21.0% during the 3rd quarter. Schroder Investment Management Group now owns 118,478 shares of the software maker’s stock valued at $38,175,000 after buying an additional 20,536 shares in the last quarter. Van ECK Associates Corp grew its holdings in Strategy by 46.1% during the 3rd quarter. Van ECK Associates Corp now owns 204,506 shares of the software maker’s stock valued at $65,894,000 after buying an additional 64,482 shares in the last quarter. Harvest Portfolios Group Inc. grew its holdings in Strategy by 119.0% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 1,550,520 shares of the software maker’s stock valued at $499,593,000 after buying an additional 842,480 shares in the last quarter. Finally, Shariaportfolio Inc. grew its holdings in Strategy by 18.1% during the 3rd quarter. Shariaportfolio Inc. now owns 106,492 shares of the software maker’s stock valued at $34,313,000 after buying an additional 16,354 shares in the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Wall Street Zen cut shares of Strategy from a “hold” rating to a “sell” rating in a research note on Sunday, February 8th. Mizuho set a $320.00 target price on shares of Strategy and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Benchmark decreased their target price on shares of Strategy from $705.00 to $570.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. BTIG Research restated a “buy” rating and set a $350.00 target price (up from $250.00) on shares of Strategy in a research note on Wednesday, May 6th. Finally, B. Riley Financial raised their target price on shares of Strategy from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $322.21.

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.