Strategy (NASDAQ:MSTR) Trading Down 2.3% – What’s Next?

Shares of Strategy Inc (NASDAQ:MSTR) fell 2.3% during mid-day trading on Wednesday . The company traded as low as $182.20 and last traded at $184.64. 22,269,099 shares traded hands during trading, an increase of 48% from the average session volume of 15,090,631 shares. The stock had previously closed at $188.99.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Citigroup initiated coverage on shares of Strategy in a report on Tuesday, October 21st. They set a “buy” rating and a $485.00 price objective on the stock. Sanford C. Bernstein set a $450.00 target price on Strategy and gave the stock an “outperform” rating in a research report on Monday. Monness Crespi & Hardt raised shares of Strategy from a “sell” rating to a “neutral” rating in a research note on Monday, November 10th. China Renaissance began coverage on Strategy in a research report on Wednesday, October 15th. They set a “buy” rating and a $473.00 price target for the company. Finally, BTIG Research reduced their target price on Strategy from $700.00 to $630.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Strategy presently has a consensus rating of “Moderate Buy” and a consensus price target of $475.80.

Strategy Stock Down 3.7%

The company has a market cap of $50.70 billion, a P/E ratio of 8.21 and a beta of 3.40. The company’s 50-day moving average is $239.06 and its two-hundred day moving average is $325.97. 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 results on Thursday, October 30th. The software maker reported $8.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $8.52. The firm had revenue of $128.69 million for the quarter, compared to the consensus estimate of $116.65 million. Strategy had a return on equity of 20.98% and a net margin of 1,667.09%.The company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the company posted ($1.56) earnings per share. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Insider Buying and Selling at Strategy

In other news, Director Jane A. Dietze bought 1,100 shares of the stock in a transaction dated Friday, November 21st. The stock was purchased at an average price of $95.28 per share, for a total transaction of $104,808.00. Following the acquisition, the director owned 2,600 shares of the company’s stock, valued at $247,728. The trade was a 73.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Wei-Ming Shao sold 2,600 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $202.02, for a total value of $525,252.00. Following the transaction, the executive vice president owned 32,726 shares in the company, valued at $6,611,306.52. The trade was a 7.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders purchased 37,380 shares of company stock valued at $3,632,719 and sold 53,177 shares valued at $17,122,166. Insiders own 8.46% of the company’s stock.

Institutional Trading of Strategy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Strategic Investment Solutions Inc. IL raised its position in Strategy by 410.4% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 684 shares of the software maker’s stock worth $220,000 after buying an additional 550 shares during the last quarter. Allworth Financial LP raised its holdings in Strategy by 3.8% in the 3rd quarter. Allworth Financial LP now owns 2,807 shares of the software maker’s stock worth $905,000 after purchasing an additional 103 shares during the period. Swiss Life Asset Management Ltd boosted its position in Strategy by 17.0% during the third quarter. Swiss Life Asset Management Ltd now owns 27,547 shares of the software maker’s stock worth $8,876,000 after purchasing an additional 4,009 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new position in Strategy during the third quarter worth approximately $6,129,000. Finally, Centaurus Financial Inc. lifted its position in shares of Strategy by 15.0% during the 3rd quarter. Centaurus Financial Inc. now owns 6,719 shares of the software maker’s stock valued at $2,165,000 after buying an additional 877 shares in the last quarter. Hedge funds and other 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.