Strategy (NASDAQ:MSTR) CEO Phong Le Sells 5,522 Shares of Stock

Strategy Inc (NASDAQ:MSTR) CEO Phong Le sold 5,522 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $123.84, for a total transaction of $683,844.48. Following the completion of the transaction, the chief executive officer directly owned 126,323 shares in the company, valued at $15,643,840.32. This trade represents a 4.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Phong Le also recently made the following trade(s):

• On Friday, June 5th, Phong Le sold 93,738 shares of Strategy stock. The stock was sold at an average price of $118.73, for a total transaction of $11,129,512.74.
• On Friday, May 22nd, Phong Le purchased 55 shares of Strategy stock. The stock was bought at an average cost of $99.41 per share, for a total transaction of $5,467.55.
• On Tuesday, March 24th, Phong Le sold 3,299 shares of Strategy stock. The stock was sold at an average price of $138.33, for a total transaction of $456,350.67.
• On Thursday, March 19th, Phong Le purchased 2,509 shares of Strategy stock. The stock was bought at an average cost of $99.62 per share, for a total transaction of $249,946.58.
• On Thursday, March 12th, Phong Le sold 2,034 shares of Strategy stock. The stock was sold at an average price of $137.25, for a total transaction of $279,166.50.

Strategy Trading Down 8.0%

NASDAQ MSTR opened at $117.02 on Wednesday. Strategy Inc has a 1-year low of $104.17 and a 1-year high of $457.22. The company has a current ratio of 6.05, a quick ratio of 6.05 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $41.01 billion, a PE ratio of -2.91 and a beta of 3.49. The firm’s fifty day simple moving average is $153.36 and its 200-day simple moving average is $153.01.

Strategy (NASDAQ:MSTR) last posted its quarterly 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 company had revenue of $124.30 million during the quarter, compared to analyst estimates of $120.75 million. During the same period last year, the company posted ($16.49) earnings per share. The company’s revenue was up 11.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Strategy Inc will post 116.7 earnings per share for the current fiscal year.

Trending Headlines about Strategy

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Strategy restarted Bitcoin purchases, buying 1,550 BTC for roughly $101 million after selling a small amount the prior week, which reassured investors that the company is still committed to growing its Bitcoin holdings. Strategy (MSTR) Restarts Bitcoin Purchases After Selling, Buys 1,550 BTC for $101 Million
• Positive Sentiment: Shareholders approved changes to preferred dividends, helping support Strategy’s funding structure and easing concerns about how the company will manage payouts while continuing to accumulate Bitcoin. Strategy Shareholders Approve Changes to Preferred Dividends
• Positive Sentiment: Several bullish commentaries said the renewed buying and large Bitcoin treasury could support a rebound in MSTR if Bitcoin stabilizes, with some analysts arguing the latest purchase restores confidence after the selloff. Analyst predicts 214% surge for battered stock

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on MSTR shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Strategy in a research note on Friday, March 27th. Texas Capital raised shares of Strategy to a “strong-buy” rating in a research note on Thursday, March 19th. Benchmark reissued a “buy” rating on shares of Strategy in a research report on Tuesday, June 2nd. Monness Crespi & Hardt reissued a “neutral” rating on shares of Strategy in a research report on Tuesday, June 2nd. Finally, 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 report on Monday, June 1st. One 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $313.93.

Hedge Funds Weigh In On Strategy

Several hedge funds have recently bought and sold shares of the business. McIlrath & Eck LLC increased its position in Strategy by 3.8% during the second quarter. McIlrath & Eck LLC now owns 1,246 shares of the software maker’s stock worth $504,000 after buying an additional 46 shares during the last quarter. Mill Creek Capital Advisors LLC increased its position in Strategy by 2.8% during the third quarter. Mill Creek Capital Advisors LLC now owns 1,748 shares of the software maker’s stock worth $563,000 after buying an additional 48 shares during the last quarter. Angeles Wealth Management LLC increased its position in Strategy by 6.2% during the third quarter. Angeles Wealth Management LLC now owns 893 shares of the software maker’s stock worth $288,000 after buying an additional 52 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its position in Strategy by 0.6% during the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 9,533 shares of the software maker’s stock worth $3,061,000 after buying an additional 53 shares during the last quarter. Finally, Binnacle Investments Inc increased its position in Strategy by 492.9% during the second quarter. Binnacle Investments Inc now owns 83 shares of the software maker’s stock worth $34,000 after buying an additional 69 shares during the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

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.