Strategy Incorporated (NASDAQ:MSTR) Director Jarrod M. Patten Sells 3,100 Shares of Stock

Strategy Incorporated (NASDAQ:MSTR) Director Jarrod M. Patten sold 3,100 shares of the company’s stock in a transaction on Friday, April 25th. The stock was sold at an average price of $365.33, for a total transaction of $1,132,523.00. Following the sale, the director now directly owns 4,970 shares in the company, valued at $1,815,690.10. This trade represents a 38.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Strategy Trading Up 3.3 %

MSTR stock opened at $381.45 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The company’s 50-day simple moving average is $297.73 and its 200 day simple moving average is $318.89. Strategy Incorporated has a 52 week low of $101.00 and a 52 week high of $543.00. The company has a market capitalization of $98.17 billion, a PE ratio of -67.72 and a beta of 3.46.

Strategy (NASDAQ:MSTR) last posted its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($3.07). Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MSTR. Barclays dropped their price target on shares of Strategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Cantor Fitzgerald upped their price target on shares of Strategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Benchmark reaffirmed a “buy” rating and set a $650.00 price target on shares of Strategy in a research report on Tuesday, January 14th. Canaccord Genuity Group decreased their price objective on shares of Strategy from $510.00 to $409.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Finally, Mizuho began coverage on shares of Strategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $505.75.

Institutional Investors Weigh In On Strategy

Several institutional investors and hedge funds have recently bought and sold shares of MSTR. Garden State Investment Advisory Services LLC lifted its position in Strategy by 1,005.0% during the third quarter. Garden State Investment Advisory Services LLC now owns 2,630 shares of the software maker’s stock worth $443,000 after purchasing an additional 2,392 shares during the period. Virtu Financial LLC lifted its position in Strategy by 10,398.4% during the third quarter. Virtu Financial LLC now owns 224,245 shares of the software maker’s stock worth $37,808,000 after purchasing an additional 222,109 shares during the period. Peapack Gladstone Financial Corp lifted its holdings in shares of Strategy by 900.0% in the third quarter. Peapack Gladstone Financial Corp now owns 2,350 shares of the software maker’s stock worth $396,000 after acquiring an additional 2,115 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Strategy by 3.3% in the third quarter. Franklin Resources Inc. now owns 4,248 shares of the software maker’s stock worth $716,000 after acquiring an additional 135 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC lifted its holdings in shares of Strategy by 1,105.2% in the third quarter. Beaird Harris Wealth Management LLC now owns 4,640 shares of the software maker’s stock worth $782,000 after acquiring an additional 4,255 shares during the last quarter. Institutional investors own 59.84% of the company’s stock.

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.