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

Strategy Inc (NASDAQ:MSTR) Director Jarrod Patten sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $121.31, for a total value of $181,965.00. Following the transaction, the director owned 28,406 shares of the company’s stock, valued at approximately $3,445,931.86. This represents a 5.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Strategy Stock Performance

Shares of MSTR stock opened at $112.53 on Friday. 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. The firm has a market capitalization of $39.44 billion, a price-to-earnings ratio of -2.80 and a beta of 3.49. The business has a 50 day simple moving average of $152.69 and a 200 day simple moving average of $150.03.

Strategy (NASDAQ:MSTR) last announced its earnings results 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 net margin of 2,482.01% and a negative return on equity of 26.97%. The business had revenue of $124.30 million for the quarter, compared to the consensus estimate of $120.75 million. During the same period in the previous year, the firm earned ($16.49) EPS. The firm’s revenue was up 11.9% on a year-over-year basis. On average, equities research analysts anticipate that Strategy Inc will post 116.7 EPS for the current year.

Institutional Trading of Strategy

A number of hedge funds have recently bought and sold shares of the company. Fideuram Asset Management Ireland dac acquired a new position in shares of Strategy in the fourth quarter worth about $25,000. Westfuller Advisors LLC acquired a new stake in shares of Strategy during the first quarter valued at approximately $25,000. Dogwood Wealth Management LLC raised its holdings in shares of Strategy by 280.0% during the fourth quarter. Dogwood Wealth Management LLC now owns 190 shares of the software maker’s stock valued at $29,000 after acquiring an additional 140 shares during the period. Wilkerson Advisory Group LLC purchased a new stake in shares of Strategy in the 4th quarter valued at approximately $30,000. Finally, Binnacle Investments Inc lifted its position in shares of Strategy by 492.9% in the 2nd quarter. Binnacle Investments Inc now owns 83 shares of the software maker’s stock valued at $34,000 after acquiring an additional 69 shares in the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

More Strategy News

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Mizuho lowered their target price on shares of Strategy from $320.00 to $265.00 and set an “outperform” rating on the stock in a research note on Monday, June 1st. Benchmark reissued a “buy” rating on shares of Strategy in a report on Tuesday, June 2nd. Canaccord Genuity Group set a $163.00 target price on Strategy and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. B. Riley Financial lifted their price target on Strategy from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Strategy in a report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $313.93.

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.