Strategy Incorporated (NASDAQ:MSTR) CFO Andrew Kang Sells 5,638 Shares

Strategy Incorporated (NASDAQ:MSTR) CFO Andrew Kang sold 5,638 shares of the business’s stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $410.22, for a total transaction of $2,312,820.36. Following the transaction, the chief financial officer now directly owns 22,077 shares in the company, valued at approximately $9,056,426.94. The trade was a 20.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Andrew Kang also recently made the following trade(s):

• On Monday, March 24th, Andrew Kang sold 2,185 shares of Strategy stock. The shares were sold at an average price of $329.26, for a total transaction of $719,433.10.
• On Thursday, March 20th, Andrew Kang purchased 1,500 shares of Strategy stock. The stock was bought at an average cost of $85.00 per share, with a total value of $127,500.00.

Strategy Trading Down 3.4%

NASDAQ MSTR opened at $402.69 on Thursday. Strategy Incorporated has a 12 month low of $102.40 and a 12 month high of $543.00. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The stock’s fifty day moving average price is $339.41 and its 200-day moving average price is $337.84. The stock has a market cap of $110.10 billion, a P/E ratio of -71.49 and a beta of 3.79.

Strategy (NASDAQ:MSTR) last announced its quarterly earnings data on Thursday, May 1st. The software maker reported ($16.49) EPS for the quarter, missing the consensus estimate of ($0.02) by ($16.47). The firm had revenue of $111.07 million for the quarter, compared to analysts’ expectations of $116.66 million. Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period last year, the company posted ($0.83) earnings per share.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Strategy during the fourth quarter valued at approximately $523,981,000. Amundi lifted its position in Strategy by 262.8% in the 4th quarter. Amundi now owns 570,217 shares of the software maker’s stock valued at $165,146,000 after acquiring an additional 413,028 shares in the last quarter. First Trust Advisors LP boosted its stake in Strategy by 266.1% during the 4th quarter. First Trust Advisors LP now owns 417,574 shares of the software maker’s stock valued at $120,938,000 after purchasing an additional 303,517 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Strategy in the 4th quarter worth $81,783,000. Finally, Geode Capital Management LLC increased its holdings in shares of Strategy by 10.2% in the 4th quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker’s stock worth $881,470,000 after purchasing an additional 281,342 shares in the last quarter. Institutional investors own 59.84% of the company’s stock.

Wall Street Analysts Forecast Growth

MSTR has been the topic of several research reports. UBS Group reaffirmed a “buy” rating on shares of Strategy in a research report on Friday, May 16th. Barclays restated a “hold” rating on shares of Strategy in a research report on Monday. Maxim Group increased their price objective on Strategy from $480.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. HC Wainwright initiated coverage on Strategy in a research report on Tuesday, April 29th. They set a “buy” rating and a $480.00 price objective for the company. Finally, BTIG Research restated a “buy” rating on shares of Strategy in a report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $514.42.

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.