Strategy (NASDAQ:MSTR) Director Jarrod Patten Sells 1,500 Shares

Strategy Inc (NASDAQ:MSTR) Director Jarrod Patten sold 1,500 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $190.85, for a total transaction of $286,275.00. Following the transaction, the director owned 28,000 shares of the company’s stock, valued at $5,343,800. This trade represents a 5.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Strategy Price Performance

NASDAQ:MSTR traded down $10.79 during mid-day trading on Monday, hitting $166.63. 19,235,337 shares of the company’s stock traded hands, compared to its average volume of 17,252,958. 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’s 50 day simple moving average is $150.65 and its 200 day simple moving average is $162.81. Strategy Inc has a 1 year low of $104.17 and a 1 year high of $457.22. The company has a market cap of $58.40 billion, a PE ratio of -4.15 and a beta of 3.59.

Strategy (NASDAQ:MSTR) last posted its earnings results on Tuesday, May 5th. The software maker reported ($38.25) earnings per share for the quarter, missing the consensus estimate of ($0.86) by ($37.39). Strategy had a negative net margin of 2,482.01% and a negative return on equity of 26.97%. The business had revenue of $124.30 million for the quarter, compared to analysts’ expectations of $120.75 million. During the same quarter last year, the business posted ($16.49) earnings per share. The business’s revenue was up 11.9% compared to the same quarter last year. Sell-side analysts expect that Strategy Inc will post 116.7 EPS for the current year.

Strategy News Summary

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Strategy continued expanding its Bitcoin position, buying 24,869 BTC for about $2.01 billion and bringing total holdings to 843,738 BTC, which keeps the company at the center of the corporate Bitcoin trade. Article Title
• Positive Sentiment: Shares may also be getting support from ongoing investor interest and analyst optimism tied to the company’s aggressive Bitcoin accumulation and balance-sheet strategy. Article Title
• Neutral Sentiment: Strategy is funding much of the Bitcoin buying through its STRC preferred stock, which appears to have strong trading demand, but also adds complexity to the capital structure. Article Title
• Neutral Sentiment: Michael Saylor has also floated the idea that Strategy could eventually sell some Bitcoin to meet dividend or debt obligations, a notable shift from the company’s earlier “never sell” stance. Article Title
• Negative Sentiment: Bitcoin itself weakened sharply and crypto liquidations rose, which weighs on Strategy because the stock trades as a leveraged proxy for BTC and is highly sensitive to swings in the coin’s price. Article Title
• Negative Sentiment: Some coverage framed the latest Bitcoin buying as adding balance-sheet risk, since the company is increasingly willing to use holdings to support dividend and debt payments. Article Title

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. B. Riley Financial raised their target price on shares of Strategy from $200.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Texas Capital raised shares of Strategy to a “strong-buy” rating in a research note on Thursday, March 19th. Canaccord Genuity Group set a $224.00 price target on shares of Strategy and gave the stock a “buy” rating in a research note on Thursday, May 7th. Mizuho set a $320.00 price target on shares of Strategy and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Finally, TD Cowen reaffirmed a “buy” rating and set a $395.00 price target (up from $385.00) on shares of Strategy in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $321.86.

Institutional Investors Weigh In On Strategy

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 second quarter. Binnacle Investments Inc now owns 83 shares of the software maker’s stock worth $34,000 after acquiring an additional 69 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Strategy during the third quarter worth $32,000. Quent Capital LLC acquired a new position in shares of Strategy during the third quarter worth $33,000. Cheviot Value Management LLC acquired a new position in shares of Strategy during the third quarter worth $39,000. Finally, Bessemer Group Inc. increased its stake in shares of Strategy by 356.7% in the third quarter. Bessemer Group Inc. now owns 137 shares of the software maker’s stock worth $44,000 after buying an additional 107 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.