Strategy (NASDAQ:MSTR) Director Jarrod Patten Sells 2,250 Shares

Strategy Inc (NASDAQ:MSTR) Director Jarrod Patten sold 2,250 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $166.37, for a total value of $374,332.50. Following the completion of the transaction, the director directly owned 28,000 shares of the company’s stock, valued at approximately $4,658,360. This trade represents a 7.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Strategy Price Performance

Shares of NASDAQ:MSTR opened at $164.85 on Friday. Strategy Inc has a fifty-two week low of $104.17 and a fifty-two week high of $457.22. The business has a 50-day simple moving average of $152.34 and a two-hundred day simple moving average of $160.66. The company has a debt-to-equity ratio of 0.22, a quick ratio of 6.05 and a current ratio of 6.05. The firm has a market cap of $57.77 billion, a price-to-earnings ratio of -4.10 and a beta of 3.59.

Strategy (NASDAQ:MSTR) last issued its earnings results on Tuesday, May 5th. The software maker reported ($38.25) earnings per share 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 business had revenue of $124.30 million during the quarter, compared to analysts’ expectations of $120.75 million. During the same period last year, the firm posted ($16.49) EPS. Strategy’s quarterly revenue was up 11.9% compared to the same quarter last year. On average, analysts expect that Strategy Inc will post 116.7 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Strategy in a research report on Friday, March 27th. BTIG Research reaffirmed a “buy” rating and set a $350.00 price target (up from $250.00) on shares of Strategy in a research report on Wednesday, May 6th. Zacks Research lowered shares of Strategy from a “hold” rating to a “strong sell” rating in a research report on Monday. Mizuho set a $320.00 price target on shares of Strategy and gave the company an “outperform” rating in a research report on Tuesday, February 17th. Finally, TD Cowen upped their price target on shares of Strategy from $395.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday. One research 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $322.21.

Strategy News Summary

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: TD Cowen raised its price target on Strategy Inc. (MSTR) to $400 and reiterated a Buy rating, citing continued Bitcoin accumulation and substantial upside potential. Article Title
• Positive Sentiment: Strategy’s aggressive Bitcoin buying continues to support the bull case, with reports saying the company added to its BTC holdings using capital raised from securities sales. Article Title
• Neutral Sentiment: Michael Saylor’s public comments this week reinforced Strategy’s long-term Bitcoin thesis and its evolving capital-markets approach, but they did not provide a near-term operating catalyst. Article Title
• Negative Sentiment: Investor concern has risen after reports that Strategy may pause Bitcoin purchases and could even sell Bitcoin to support capital-management moves, raising questions about the durability of the company’s accumulation strategy. Article Title
• Negative Sentiment: Zacks Research downgraded Strategy Inc. (MSTR) from Hold to Strong Sell, adding to bearish sentiment around the shares. Article Title
• Negative Sentiment: New insider selling also weighed on sentiment, including CFO Andrew Kang’s share sale and director Jarrod M. Patten’s recent disposals. Article Title

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Fideuram Asset Management Ireland dac bought a new position in shares of Strategy during the 4th quarter valued at approximately $25,000. Westfuller Advisors LLC bought a new position in shares of Strategy during the 1st quarter valued at approximately $25,000. Dogwood Wealth Management LLC grew its stake in shares of Strategy by 280.0% during the 4th 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 bought a new position in shares of Strategy during the 4th quarter valued at approximately $30,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in shares of Strategy during the 3rd quarter valued at approximately $32,000. 59.84% of the stock is currently owned by institutional investors.

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.