Andrew Kang Sells 1,877 Shares of Strategy Incorporated (NASDAQ:MSTR) Stock

Strategy Incorporated (NASDAQ:MSTR) CFO Andrew Kang sold 1,877 shares of the firm’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $374.54, for a total value of $703,011.58. Following the completion of the sale, the chief financial officer now owns 24,460 shares of the company’s stock, valued at approximately $9,161,248.40. This represents a 7.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, June 5th, Andrew Kang bought 2,250 shares of Strategy stock. The stock was purchased at an average price of $85.00 per share, with a total value of $191,250.00.
• On Tuesday, May 20th, Andrew Kang sold 5,638 shares of Strategy stock. The shares were sold at an average price of $410.22, for a total value of $2,312,820.36.
• 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 value of $719,433.10.
• On Thursday, March 20th, Andrew Kang bought 1,500 shares of Strategy stock. The stock was purchased at an average price of $85.00 per share, with a total value of $127,500.00.

Strategy Price Performance

Shares of NASDAQ MSTR opened at $391.18 on Wednesday. Strategy Incorporated has a twelve month low of $102.40 and a twelve month high of $543.00. The stock’s 50 day moving average price is $358.95 and its 200-day moving average price is $341.80. The company has a market capitalization of $106.95 billion, a PE ratio of -69.44 and a beta of 3.73. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39.

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

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Cantor Fitzgerald reiterated a “hold” rating on shares of Strategy in a research note on Monday, May 19th. UBS Group reiterated a “buy” rating on shares of Strategy in a research note on Friday, May 16th. Monness Crespi & Hardt downgraded Strategy from a “neutral” rating to a “sell” rating and set a $220.00 price target for the company. in a research note on Tuesday, April 1st. Canaccord Genuity Group reiterated a “buy” rating on shares of Strategy in a research note on Monday, May 19th. Finally, Barclays reiterated a “hold” rating on shares of Strategy in a research note on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Strategy presently has a consensus rating of “Moderate Buy” and a consensus price target of $514.42.

Institutional Investors Weigh In On Strategy

Hedge funds have recently modified their holdings of the stock. Quadrant Capital Group LLC raised its holdings in shares of Strategy by 855.6% in the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock worth $25,000 after purchasing an additional 77 shares during the period. Riverview Trust Co bought a new stake in shares of Strategy in the 4th quarter worth approximately $25,000. IAG Wealth Partners LLC bought a new stake in shares of Strategy in the 4th quarter worth approximately $25,000. Dunhill Financial LLC bought a new stake in shares of Strategy in the 4th quarter worth approximately $26,000. Finally, Safe Harbor Fiduciary LLC raised its holdings in shares of Strategy by 820.0% in the 4th quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker’s stock worth $27,000 after purchasing an additional 82 shares during the period. 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.