Insider Selling: Strategy (NASDAQ:MSTR) Director Sells 15,050 Shares of Stock

Strategy Inc (NASDAQ:MSTR) Director Jarrod Patten sold 15,050 shares of Strategy stock in a transaction on Friday, May 29th. The stock was sold at an average price of $154.94, for a total transaction of $2,331,847.00. Following the completion of the sale, the director owned 28,000 shares of the company’s stock, valued at approximately $4,338,320. This trade represents a 34.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Strategy Stock Down 5.9%

Shares of NASDAQ:MSTR traded down $9.31 during midday trading on Monday, reaching $149.78. The company had a trading volume of 17,680,271 shares, compared to its average volume of 20,387,682. 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 stock’s fifty day moving average price is $154.16 and its 200-day moving average price is $156.86. The stock has a market capitalization of $52.49 billion, a P/E ratio of -3.73 and a beta of 3.59. Strategy Inc has a one year low of $104.17 and a one year high of $457.22.

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

Analyst Upgrades and Downgrades

MSTR has been the subject of a number of research reports. Zacks Research downgraded shares of Strategy from a “hold” rating to a “strong sell” rating in a report on Monday, May 18th. HC Wainwright reaffirmed a “buy” rating on shares of Strategy in a report on Friday, February 6th. BTIG Research reaffirmed a “buy” rating and issued a $350.00 price objective (up from $250.00) on shares of Strategy in a report on Wednesday, May 6th. Texas Capital raised shares of Strategy to a “strong-buy” rating in a report on Thursday, March 19th. Finally, TD Cowen lifted their price objective on shares of Strategy from $395.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $318.29.

Trending Headlines about Strategy

Here are the key news stories impacting Strategy this week:

• Negative Sentiment: Strategy sold 32 BTC for about $2.5 million between May 26 and May 31 to help fund preferred stock dividend payments, which raised concerns that the company may need to use Bitcoin more actively to support its capital structure. CNBC article
• Negative Sentiment: The sale challenged Michael Saylor’s long-held “never sell Bitcoin” narrative, which appears to have shaken confidence in Strategy’s treasury strategy and pressured the stock. MarketWatch article
• Negative Sentiment: Investors also reacted to ongoing at-the-market equity issuance, which adds dilution concerns on top of the Bitcoin sale and reinforces worries about financing preferred dividends and other obligations. Quiver Quantitative article
• Neutral Sentiment: Despite the selloff, the company still holds 843,706 BTC, so MSTR remains highly leveraged to Bitcoin’s price direction and broader crypto sentiment. Cointelegraph article

Hedge Funds Weigh In On Strategy

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

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.