Insider Selling: Strategy (NASDAQ:MSTR) Director Sells 1,350 Shares of Stock

Strategy Inc (NASDAQ:MSTR) Director Jarrod Patten sold 1,350 shares of the company’s stock in a transaction on Friday, October 9th. The shares were sold at an average price of $156.16, for a total transaction of $210,816.00. Following the completion of the transaction, the director owned 28,406 shares in the company, valued at approximately $4,435,880.96. This represents a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Strategy Stock Performance

Shares of MSTR traded down $0.50 during trading hours on Tuesday, hitting $152.18. The company had a trading volume of 12,266,545 shares, compared to its average volume of 21,654,254. The firm has a market cap of $58.47 billion, a price-to-earnings ratio of -1.57 and a beta of 3.56. The business has a fifty day moving average of $131.97 and a 200-day moving average of $130.88. Strategy Inc has a 12 month low of $81.81 and a 12 month high of $312.71. The company has a quick ratio of 5.39, a current ratio of 5.39 and a debt-to-equity ratio of 0.22.

Strategy (NASDAQ:MSTR) last announced its earnings results on Friday, July 31st. The software maker reported ($24.45) EPS for the quarter, missing the consensus estimate of ($2.19) by ($22.26). Strategy had a negative return on equity of 74.18% and a negative net margin of 6,102.95%. The company had revenue of $122.37 million for the quarter, compared to the consensus estimate of $122.90 million. During the same period in the previous year, the firm posted $32.52 EPS. The business’s quarterly revenue was up 6.9% on a year-over-year basis. Equities analysts anticipate that Strategy Inc will post -23.74 EPS for the current fiscal year.

Hedge Funds Weigh In On Strategy

A number of hedge funds have recently bought and sold shares of MSTR. State Street Corp boosted its holdings in Strategy by 7.2% in the 2nd quarter. State Street Corp now owns 7,527,561 shares of the software maker’s stock valued at $654,371,000 after purchasing an additional 506,635 shares during the period. Bank of America Corp DE grew its position in shares of Strategy by 3.1% during the 1st quarter. Bank of America Corp DE now owns 3,965,680 shares of the software maker’s stock worth $494,917,000 after purchasing an additional 117,374 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Strategy by 122.6% during the 1st quarter. Renaissance Technologies LLC now owns 2,130,881 shares of the software maker’s stock worth $265,934,000 after purchasing an additional 1,173,549 shares in the last quarter. Swiss National Bank increased its holdings in shares of Strategy by 7.1% during the first quarter. Swiss National Bank now owns 766,100 shares of the software maker’s stock worth $95,609,000 after purchasing an additional 50,720 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of Strategy by 24.3% during the first quarter. First Trust Advisors LP now owns 755,890 shares of the software maker’s stock worth $94,335,000 after purchasing an additional 147,562 shares during the period. 59.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MSTR shares. TD Cowen reduced their price objective on Strategy from $400.00 to $260.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Benchmark reaffirmed a “buy” rating and issued a $435.00 target price (down from $570.00) on shares of Strategy in a research report on Monday, July 27th. Sanford C. Bernstein reiterated an “outperform” rating and set a $350.00 target price (down from $450.00) on shares of Strategy in a research note on Wednesday, August 26th. UBS Group reissued a “buy” rating on shares of Strategy in a report on Friday, July 31st. Finally, Citigroup reissued a “buy” rating and set a $240.00 price target (up from $136.00) on shares of Strategy in a report on Friday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Strategy presently has a consensus rating of “Moderate Buy” and an average target price of $258.94.

Strategy News Roundup

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Strategy added 250 BTC and repurchased $192.4 million of STRC preferred stock. The purchases lifted its Bitcoin holdings to 848,250 BTC, while the preferred buyback reduced shares outstanding and may support STRC’s market price. Strategy also retained substantial cash and USD reserves. Strategy Buys 250 Bitcoin and Repurchases Preferred Stock
• Positive Sentiment: Executive Chairman Michael Saylor maintained a bullish long-term outlook for Bitcoin, citing favorable regulation and growing bank adoption. This reinforces the core investment thesis behind MSTR if Bitcoin enters another sustained bull market. Bitcoin Is at Beginning a Bull Market, Says Strategy’s Saylor
• Positive Sentiment: Wall Street analysts now rate Strategy “Moderate Buy,” indicating that analyst sentiment remains constructive despite the stock’s volatility and financing risks. Strategy Stock Now Rated Moderate Buy
• Neutral Sentiment: The company’s capital-markets activity remains active. Strategy sold approximately $21 million of common stock through its at-the-market program to fund Bitcoin purchases, while about $354.8 million remained under its STRC repurchase authorization. This provides flexibility but also highlights continued dependence on equity and preferred financing. Strategy Highlights Bitcoin-Focused Capital Markets Activity
• Neutral Sentiment: Strategy’s preferred shares offer yields of roughly 10% to 12%, attracting income-focused investors but increasing the cost of capital supporting its Bitcoin strategy. Strategy’s Bitcoin-Backed Preferred Shares
• Negative Sentiment: The 250-BTC purchase was Strategy’s smallest reported Bitcoin acquisition of 2026. Investors viewed the slowdown as evidence that the company’s formerly aggressive accumulation pace may be moderating, particularly as competitor Strive purchased 3,311 BTC for approximately $280 million. Strategy Stock Slips as Bitcoin Buying Slows
• Negative Sentiment: Strategy spent nearly nine times more on STRC buybacks than on Bitcoin. That shift raises questions about whether management is prioritizing support for its preferred securities over expanding Bitcoin exposure. Strategy Spends $192 Million Buying Back Preferred Stock
• Negative Sentiment: Critics highlighted a negative year-to-date Bitcoin yield and ongoing dilution risk. Strategy’s high preferred dividends and common-stock issuance can pressure shareholder returns if Bitcoin appreciation fails to offset financing costs. Peter Schiff Criticizes Strategy’s Performance

About Strategy

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.