Strategy (NASDAQ:MSTR) Trading Down 1.3% – Here’s What Happened

Strategy Inc (NASDAQ:MSTR)’s stock price traded down 1.3% during mid-day trading on Thursday . The company traded as low as $182.35 and last traded at $186.01. 16,228,952 shares changed hands during trading, an increase of 8% from the average session volume of 14,989,190 shares. The stock had previously closed at $188.39.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company reiterated an “equal weight” rating and set a $54.00 target price (down previously from $65.00) on shares of Strategy in a research note on Tuesday, September 30th. Citigroup initiated coverage on Strategy in a research report on Tuesday, October 21st. They set a “buy” rating and a $485.00 price objective on the stock. Benchmark reissued a “buy” rating on shares of Strategy in a research report on Monday. TD Cowen lowered their price target on shares of Strategy from $620.00 to $535.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Finally, Canaccord Genuity Group lifted their price objective on shares of Strategy from $464.00 to $474.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $485.80.

Strategy Stock Down 1.3%

The company has a market cap of $53.45 billion, a P/E ratio of 8.65 and a beta of 3.40. The stock has a 50-day moving average of $259.44 and a 200 day moving average of $335.87. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.66 and a quick ratio of 0.66.

Strategy (NASDAQ:MSTR) last announced its quarterly earnings data on Thursday, October 30th. The software maker reported $8.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $8.52. Strategy had a net margin of 1,667.09% and a return on equity of 20.98%. The firm had revenue of $128.69 million for the quarter, compared to the consensus estimate of $116.65 million. During the same period in the prior year, the company posted ($1.56) earnings per share. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Insider Activity at Strategy

In other news, Director Jane A. Dietze acquired 1,100 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were acquired at an average cost of $95.28 per share, with a total value of $104,808.00. Following the completion of the purchase, the director directly owned 2,600 shares of the company’s stock, valued at $247,728. The trade was a 73.33% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jarrod M. Patten bought 12,000 shares of the business’s stock in a transaction on Friday, October 17th. The shares were acquired at an average price of $96.88 per share, with a total value of $1,162,560.00. Following the completion of the purchase, the director directly owned 29,335 shares of the company’s stock, valued at approximately $2,841,974.80. The trade was a 69.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have bought 37,380 shares of company stock valued at $3,632,719 and have sold 53,177 shares valued at $17,122,166. 8.46% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Binnacle Investments Inc boosted its stake in shares of Strategy by 492.9% in the 2nd quarter. Binnacle Investments Inc now owns 83 shares of the software maker’s stock valued at $34,000 after purchasing an additional 69 shares in the last quarter. MCF Advisors LLC bought a new position in Strategy in the 2nd quarter valued at approximately $35,000. Maseco LLP acquired a new stake in Strategy in the second quarter valued at approximately $36,000. AllSquare Wealth Management LLC grew its stake in shares of Strategy by 100.0% during the second quarter. AllSquare Wealth Management LLC now owns 100 shares of the software maker’s stock worth $40,000 after buying an additional 50 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Strategy during the third quarter worth $32,000. Institutional investors and hedge funds 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.