Insider Buying: Strategy (NASDAQ:MSTR) CEO Acquires $998,800.00 in Stock

Strategy Inc (NASDAQ:MSTR) CEO Phong Le acquired 11,000 shares of Strategy stock in a transaction that occurred on Monday, June 22nd. The stock was bought at an average price of $90.80 per share, for a total transaction of $998,800.00. Following the completion of the acquisition, the chief executive officer owned 11,000 shares in the company, valued at $998,800. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Phong Le also recently made the following trade(s):

• On Tuesday, June 9th, Phong Le sold 5,522 shares of Strategy stock. The shares were sold at an average price of $123.84, for a total transaction of $683,844.48.
• On Friday, June 5th, Phong Le sold 93,738 shares of Strategy stock. The stock was sold at an average price of $118.73, for a total transaction of $11,129,512.74.
• On Friday, May 22nd, Phong Le purchased 55 shares of Strategy stock. The stock was bought at an average cost of $99.41 per share, for a total transaction of $5,467.55.
• On Tuesday, March 24th, Phong Le sold 3,299 shares of Strategy stock. The shares were sold at an average price of $138.33, for a total transaction of $456,350.67.

Strategy Stock Performance

Shares of MSTR stock opened at $94.26 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 6.05 and a current ratio of 6.05. The firm has a market cap of $33.03 billion, a P/E ratio of -2.35 and a beta of 3.49. The firm’s 50 day moving average price is $151.04 and its 200-day moving average price is $148.13. Strategy Inc has a one year low of $92.28 and a one year high of $457.22.

Strategy (NASDAQ:MSTR) last posted its earnings results on Tuesday, May 5th. The software maker reported ($38.25) earnings per share for the quarter, missing the consensus estimate of ($0.86) by ($37.39). The company had revenue of $124.30 million during the quarter, compared to analyst estimates of $120.75 million. Strategy had a negative net margin of 2,482.01% and a negative return on equity of 26.97%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the business posted ($16.49) EPS. As a group, equities research analysts predict that Strategy Inc will post 116.7 EPS for the current year.

Key Strategy News

Here are the key news stories impacting Strategy this week:

• Negative Sentiment: Bitcoin’s drop below the $60,000 area triggered a broad crypto selloff, and Strategy’s shares fell in tandem as traders reacted to the company’s large Bitcoin holdings and high sensitivity to BTC price moves. Article Title
• Negative Sentiment: Several reports warned that Strategy’s financing model is under stress, with analysts and crypto commentators saying the company should pause Bitcoin purchases, rebuild cash reserves, and address rising dividend obligations tied to its preferred stock. Article Title
• Negative Sentiment: Investor concern is also rising around STRC preferred stock, which has traded below par and fueled worries about dividend coverage, potential dilution, and whether Strategy may need to sell Bitcoin or slow its accumulation strategy. Article Title
• Negative Sentiment: Commentary today also focused on Strategy’s paper losses on its Bitcoin stack and the possibility that the company’s “Bitcoin machine” is weakening as MSTR, BTC, and STRC all come under pressure at the same time. Article Title
• Neutral Sentiment: Some market watchers noted that Strategy recently continued buying Bitcoin and boosted its dollar reserves, but that has not been enough to offset the selloff in crypto-related sentiment. Article Title

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Strategy by 21.0% during the 4th quarter. Vanguard Group Inc. now owns 24,062,886 shares of the software maker’s stock worth $3,656,356,000 after purchasing an additional 4,178,611 shares during the period. Capital International Investors boosted its stake in shares of Strategy by 37.3% in the 4th quarter. Capital International Investors now owns 20,614,868 shares of the software maker’s stock valued at $3,132,460,000 after buying an additional 5,600,573 shares during the period. Capital Research Global Investors boosted its stake in shares of Strategy by 66.7% in the 4th quarter. Capital Research Global Investors now owns 7,008,535 shares of the software maker’s stock valued at $1,064,963,000 after buying an additional 2,803,277 shares during the period. State Street Corp grew its position in shares of Strategy by 2.3% during the fourth quarter. State Street Corp now owns 6,127,301 shares of the software maker’s stock worth $931,043,000 after buying an additional 138,253 shares in the last quarter. Finally, Amundi grew its position in shares of Strategy by 373.7% during the fourth quarter. Amundi now owns 4,790,702 shares of the software maker’s stock worth $727,947,000 after buying an additional 3,779,340 shares in the last quarter. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MSTR has been the topic of several research analyst reports. TD Cowen boosted their price objective on Strategy from $395.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, May 19th. Cantor Fitzgerald restated an “overweight” rating on shares of Strategy in a report on Monday, June 15th. BTIG Research reaffirmed a “buy” rating and issued a $350.00 target price (up from $250.00) on shares of Strategy in a research report on Wednesday, May 6th. B. Riley Financial boosted their price target on shares of Strategy from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, Benchmark reissued a “buy” rating on shares of Strategy in a research note on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $313.93.

About Strategy

Strategy, formerly known as MicroStrategy, Incorporated (NASDAQ: MSTR) is a global provider of enterprise analytics and mobility software. The company’s flagship platform offers business intelligence, data discovery, and advanced visualizations that enable organizations to analyze large volumes of data and deliver actionable insights. In addition to traditional on-premises deployments, Strategy provides a range of cloud-based services and managed offerings that allow customers to leverage the power of its analytics tools without managing complex infrastructure.

Founded in 1989 by Michael J.