Strategy (NASDAQ:MSTR) Trading Down 2.3% – Time to Sell?

Shares of Strategy Inc (NASDAQ:MSTR) traded down 2.3% during trading on Wednesday . The company traded as low as $182.20 and last traded at $184.64. 22,269,099 shares changed hands during mid-day trading, an increase of 48% from the average session volume of 15,090,631 shares. The stock had previously closed at $188.99.

Analyst Ratings Changes

A number of analysts have recently weighed in on MSTR shares. China Renaissance started coverage on Strategy in a research report on Wednesday, October 15th. They set a “buy” rating and a $473.00 price target on the stock. Citigroup began coverage on Strategy in a research note on Tuesday, October 21st. They issued a “buy” rating and a $485.00 target price on the stock. TD Cowen lowered their price target on shares of Strategy from $620.00 to $535.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Strategy in a report on Friday, December 5th. Finally, BTIG Research cut their price objective on shares of Strategy from $700.00 to $630.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $475.80.

Strategy Price Performance

The business has a 50-day simple moving average of $249.02 and a two-hundred day simple moving average of $329.33. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $53.06 billion, a price-to-earnings ratio of 8.59 and a beta of 3.40.

Strategy (NASDAQ:MSTR) last posted its quarterly earnings data on Thursday, October 30th. The software maker reported $8.42 EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $8.52. Strategy had a return on equity of 20.98% and a net margin of 1,667.09%.The company had revenue of $128.69 million for the quarter, compared to the consensus estimate of $116.65 million. During the same quarter in the previous year, the business earned ($1.56) EPS. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Insider Activity

In other news, EVP Wei-Ming Shao sold 30,000 shares of Strategy stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $357.37, for a total value of $10,721,100.00. Following the transaction, the executive vice president owned 12,726 shares of the company’s stock, valued at $4,547,890.62. The trade was a 70.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jarrod M. Patten bought 12,000 shares of the company’s stock in a transaction that occurred on Friday, October 17th. The stock was acquired at an average price of $96.88 per share, for a total transaction of $1,162,560.00. Following the completion of the acquisition, the director directly owned 29,335 shares in the company, valued at approximately $2,841,974.80. This represents a 69.22% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders acquired 37,380 shares of company stock worth $3,632,719 and sold 53,177 shares worth $17,122,166. Insiders own 8.46% of the company’s stock.

Institutional Investors Weigh In On Strategy

Institutional investors and hedge funds have recently modified their holdings of the stock. Binnacle Investments Inc boosted its position in shares of Strategy by 492.9% in the 2nd quarter. Binnacle Investments Inc now owns 83 shares of the software maker’s stock valued at $34,000 after purchasing an additional 69 shares during the period. MCF Advisors LLC purchased a new stake in Strategy during the second quarter valued at about $35,000. Maseco LLP acquired a new position in shares of Strategy in the second quarter worth about $36,000. AllSquare Wealth Management LLC boosted its holdings in shares of Strategy by 100.0% in the second quarter. AllSquare Wealth Management LLC now owns 100 shares of the software maker’s stock worth $40,000 after buying an additional 50 shares during the period. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Strategy in the third quarter worth approximately $32,000. 59.84% of the stock is owned by institutional investors and hedge funds.

About Strategy

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.