Strategy (NASDAQ:MSTR) Shares Down 6.4% After Insider Selling
Strategy Inc (NASDAQ:MSTR) shares fell 6.4% after EVP Wei-Ming Shao sold shares, reducing his position by 7.36% and 14.01% in separate transactions. The stock traded as low as $197.09, with a significant drop in trading volume. Analysts have mixed ratings, with a consensus "Moderate Buy" and a price target of $485.80. The company's recent earnings exceeded expectations, with a net margin of 1,036.61% and revenue up 10.9% year-over-year.
Strategy Inc (NASDAQ:MSTR - Get Free Report) shares traded down 6.4% on Wednesday after an insider sold shares in the company. The company traded as low as $197.09 and last traded at $193.56. 3,558,348 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 14,413,474 shares. The stock had previously closed at $206.80.
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Specifically, EVP Wei-Ming Shao sold 2,600 shares of the firm's stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $200.00, for a total value of $520,000.00. Following the transaction, the executive vice president directly owned 32,726 shares in the company, valued at $6,545,200. This trade represents a 7.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Wei-Ming Shao sold 5,334 shares of the business's stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $226.36, for a total value of $1,207,404.24. Following the sale, the executive vice president owned 32,726 shares of the company's stock, valued at $7,407,857.36. The trade was a 14.01% decrease in their position. The SEC filing for this sale provides additional information. In related news, EVP Wei-Ming Shao sold 2,600 shares of the firm's stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $223.67, for a total value of $581,542.00. Following the transaction, the executive vice president owned 32,726 shares in the company, valued at approximately $7,319,824.42. This trade represents a 7.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on MSTR shares. Mizuho boosted their price objective on shares of Strategy from $563.00 to $586.00 and gave the stock an "outperform" rating in a research note on Monday, August 11th. TD Cowen decreased their price target on shares of Strategy from $620.00 to $535.00 and set a "buy" rating for the company in a research report on Friday, October 31st. Canaccord Genuity Group increased their price target on Strategy from $464.00 to $474.00 and gave the company a "buy" rating in a report on Monday, November 3rd. Weiss Ratings restated a "hold (c)" rating on shares of Strategy in a research note on Wednesday, October 8th. Finally, Monness Crespi & Hardt upgraded Strategy from a "sell" rating to a "neutral" rating in a research note on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $485.80.
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Check Out Our Latest Stock Report on Strategy
Strategy Price Performance
The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.68 and a current ratio of 0.68. The business's fifty day simple moving average is $293.47 and its 200 day simple moving average is $352.88. The stock has a market cap of $55.62 billion, a price-to-earnings ratio of 17.05 and a beta of 3.87.
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Strategy (NASDAQ:MSTR - Get Free Report) last announced its earnings results on Thursday, October 30th. The software maker reported $8.42 earnings per share for the quarter, beating the consensus estimate of ($0.10) by $8.52. Strategy had a return on equity of 18.83% and a net margin of 1,036.61%.The company had revenue of $128.69 million during the quarter, compared to the consensus estimate of $116.65 million. During the same period last year, the firm earned ($1.56) earnings per share. The company's revenue was up 10.9% on a year-over-year basis. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.
Institutional Investors Weigh In On Strategy
Several hedge funds and other institutional investors have recently bought and sold shares of MSTR. Binnacle Investments Inc grew its position in shares of Strategy by 492.9% during the second quarter. Binnacle Investments Inc now owns 83 shares of the software maker's stock worth $34,000 after buying an additional 69 shares in the last quarter. MCF Advisors LLC acquired a new stake in Strategy in the second quarter valued at $35,000. Maseco LLP bought a new position in Strategy during the 2nd quarter valued at $36,000. AllSquare Wealth Management LLC boosted its stake in Strategy by 100.0% during the 2nd quarter. AllSquare Wealth Management LLC now owns 100 shares of the software maker's stock valued at $40,000 after acquiring an additional 50 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in Strategy during the 3rd quarter worth $32,000. 59.84% of the stock is currently owned by hedge funds and other institutional investors.
Strategy Company Profile
(Get Free Report)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.
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