Strategy (NASDAQ:MSTR) Shares Down 0.8% – Time to Sell?

Strategy Incorporated (NASDAQ:MSTR) traded down 0.8% during mid-day trading on Tuesday . The company traded as low as $408.77 and last traded at $410.11. 2,851,966 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 18,021,258 shares. The stock had previously closed at $413.42.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods initiated coverage on shares of Strategy in a report on Friday, February 7th. They set an “outperform” rating and a $560.00 target price for the company. Cantor Fitzgerald restated a “hold” rating on shares of Strategy in a research report on Monday. Monness Crespi & Hardt cut Strategy from a “neutral” rating to a “sell” rating and set a $220.00 price target for the company. in a report on Tuesday, April 1st. Mizuho started coverage on Strategy in a research report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 target price for the company. Finally, UBS Group restated a “buy” rating on shares of Strategy in a report on Friday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $514.42.

Strategy Trading Up 0.5%

The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The company has a market cap of $113.62 billion, a price-to-earnings ratio of -73.16 and a beta of 3.79. The business’s 50-day simple moving average is $334.23 and its 200-day simple moving average is $336.83.

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 return on equity of 19.01% and a negative net margin of 251.73%. The company had revenue of $111.07 million for the quarter, compared to analysts’ expectations of $116.66 million. During the same quarter in the previous year, the company earned ($0.83) earnings per share. The company’s revenue was down 3.6% on a year-over-year basis.

Insider Buying and Selling at Strategy

In other news, Director Leslie J. Rechan sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total value of $5,038,500.00. Following the completion of the sale, the director now directly owns 4,970 shares of the company’s stock, valued at approximately $1,669,423. This represents a 75.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Wei-Ming Shao purchased 500 shares of the company’s stock in a transaction on Thursday, March 20th. The stock was acquired 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 of the company’s stock, valued at $42,500. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 8,000 shares of company stock valued at $680,000 and sold 41,198 shares valued at $13,901,970. 9.16% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MSTR. Geode Capital Management LLC increased its holdings in Strategy by 10.2% in the fourth quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker’s stock worth $881,470,000 after buying an additional 281,342 shares during the last quarter. Norges Bank bought a new stake in Strategy during the fourth quarter valued at about $523,981,000. Northern Trust Corp grew its position in Strategy by 24.4% in the 4th quarter. Northern Trust Corp now owns 1,076,185 shares of the software maker’s stock worth $311,685,000 after purchasing an additional 210,997 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Strategy by 25.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 802,464 shares of the software maker’s stock valued at $232,410,000 after purchasing an additional 162,757 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Strategy by 14.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker’s stock worth $220,626,000 after buying an additional 97,515 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

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.