Strategy (NASDAQ:MSTR) Stock Price Down 1.8% Following Analyst Downgrade

Strategy Incorporated (NASDAQ:MSTR)’s share price fell 1.8% during trading on Tuesday after Cantor Fitzgerald lowered their price target on the stock from $619.00 to $614.00. Cantor Fitzgerald currently has an overweight rating on the stock. Strategy traded as low as $377.77 and last traded at $379.39. 3,679,573 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 17,968,494 shares. The stock had previously closed at $386.53.

Several other equities analysts have also recently issued reports on MSTR. Keefe, Bruyette & Woods assumed coverage on Strategy in a report on Friday, February 7th. They issued an “outperform” rating and a $560.00 price objective for the company. Maxim Group boosted their price target on Strategy from $480.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Canaccord Genuity Group raised their price objective on shares of Strategy from $409.00 to $464.00 and gave the stock a “buy” rating in a research note on Friday. Compass Point upgraded shares of Strategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Finally, HC Wainwright assumed coverage on shares of Strategy in a research report on Tuesday, April 29th. They set a “buy” rating and a $480.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $514.42.

Insider Transactions at Strategy

In related news, Director Leslie J. Rechan sold 15,000 shares of Strategy stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the sale, the director now owns 4,970 shares of the company’s stock, valued at $1,669,423. The trade was a 75.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jarrod M. Patten sold 3,100 shares of the company’s stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $365.33, for a total transaction of $1,132,523.00. Following the completion of the transaction, the director now directly owns 4,970 shares of the company’s stock, valued at approximately $1,815,690.10. The trade was a 38.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders bought 8,000 shares of company stock worth $680,000 and sold 37,798 shares worth $12,535,866. Insiders own 9.16% of the company’s stock.

Institutional Trading of Strategy

Hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. increased its position in shares of Strategy by 3.3% in the 3rd quarter. Franklin Resources Inc. now owns 4,248 shares of the software maker’s stock worth $716,000 after purchasing an additional 135 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in Strategy during the 3rd quarter worth approximately $254,000. Versant Capital Management Inc grew its position in shares of Strategy by 38.2% in the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock worth $41,000 after acquiring an additional 39 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Strategy by 56.5% in the 4th quarter. GAMMA Investing LLC now owns 562 shares of the software maker’s stock valued at $163,000 after acquiring an additional 203 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Strategy by 28.9% during the 4th quarter. Nordea Investment Management AB now owns 14,505 shares of the software maker’s stock valued at $4,395,000 after acquiring an additional 3,255 shares in the last quarter. Institutional investors and hedge funds own 59.84% of the company’s stock.

Strategy Trading Down 1.2 %

The stock has a market cap of $98.25 billion, a price-to-earnings ratio of -67.71 and a beta of 3.79. The business’s fifty day simple moving average is $306.66 and its 200 day simple moving average is $324.92. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65.

Strategy (NASDAQ:MSTR) last issued its earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($16.47). Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%. The business had revenue of $111.07 million during the quarter, compared to the consensus estimate of $116.66 million. During the same period in the prior year, the business earned ($0.83) EPS. The business’s revenue was down 3.6% on a year-over-year basis.

Strategy Company Profile

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.