Strategy (NASDAQ:MSTR) Shares Up 4.6% – Here’s Why

Strategy Incorporated (NASDAQ:MSTR) shares were up 4.6% on Tuesday . The company traded as high as $390.70 and last traded at $389.49. Approximately 4,679,454 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 18,044,880 shares. The stock had previously closed at $372.27.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MSTR shares. BTIG Research reiterated a “buy” rating on shares of Strategy in a report on Wednesday, May 14th. HC Wainwright started coverage on shares of Strategy in a research note on Tuesday, April 29th. They issued a “buy” rating and a $480.00 price objective on the stock. Maxim Group increased their price objective on Strategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Canaccord Genuity Group reaffirmed a “buy” rating on shares of Strategy in a research note on Monday, May 19th. Finally, Keefe, Bruyette & Woods assumed coverage on shares of Strategy in a report on Friday, February 7th. They set an “outperform” rating and a $560.00 price target for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Strategy has a consensus rating of “Moderate Buy” and an average price target of $514.42.

Strategy Price Performance

The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The business’s fifty day simple moving average is $349.17 and its 200 day simple moving average is $342.84. The stock has a market cap of $106.40 billion, a price-to-earnings ratio of -69.09 and a beta of 3.79.

Strategy (NASDAQ:MSTR) last announced its quarterly earnings data on Thursday, May 1st. The software maker reported ($16.49) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($16.47). Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%. The firm had revenue of $111.07 million during the quarter, compared to the consensus estimate of $116.66 million. During the same period in the prior year, the firm earned ($0.83) earnings per share. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year.

Insider Buying and Selling at Strategy

In other news, Director Jarrod M. Patten sold 1,100 shares of the company’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $427.00, for a total transaction of $469,700.00. Following the completion of the sale, the director now directly owns 9,170 shares of the company’s stock, valued at $3,915,590. This represents a 10.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Wei-Ming Shao acquired 500 shares of the stock in a transaction on Thursday, March 20th. The shares were purchased at an average price of $85.00 per share, for a total transaction of $42,500.00. Following the completion of the transaction, the executive vice president now owns 500 shares in the company, valued at approximately $42,500. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 18,000 shares of company stock worth $1,693,800 and sold 57,036 shares worth $19,957,882. 9.16% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Strategy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MSTR. Quadrant Capital Group LLC lifted its position in Strategy by 855.6% during the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock worth $25,000 after acquiring an additional 77 shares during the last quarter. Riverview Trust Co bought a new position in shares of Strategy in the fourth quarter worth about $25,000. IAG Wealth Partners LLC bought a new stake in shares of Strategy during the fourth quarter worth approximately $25,000. Dunhill Financial LLC acquired a new position in shares of Strategy during the 4th quarter worth about $26,000. Finally, Safe Harbor Fiduciary LLC increased its holdings in shares of Strategy by 820.0% in the fourth quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker’s stock worth $27,000 after acquiring an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Strategy Company Profile

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.