Investors Purchase Large Volume of Call Options on Strategy (NASDAQ:MSTR)

Strategy Incorporated (NASDAQ:MSTR) was the recipient of unusually large options trading on Friday. Stock investors bought 764,660 call options on the stock. This is an increase of 31% compared to the typical volume of 581,731 call options.

Strategy Trading Up 0.4 %

Shares of NASDAQ:MSTR opened at $415.93 on Friday. The firm has a market cap of $107.04 billion, a price-to-earnings ratio of -73.84 and a beta of 3.79. Strategy has a 12 month low of $102.40 and a 12 month high of $543.00. The company’s fifty day simple moving average is $318.40 and its 200 day simple moving average is $328.50. 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 data on Thursday, May 1st. The software maker reported ($16.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($16.47). The firm had revenue of $111.07 million for 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 firm’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.83) earnings per share.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MSTR. Monness Crespi & Hardt lowered Strategy from a “neutral” rating to a “sell” rating and set a $220.00 target price for the company. in a research note on Tuesday, April 1st. Compass Point raised shares of Strategy to a “strong-buy” rating in a research note on Wednesday, January 29th. HC Wainwright started coverage on shares of Strategy in a report on Tuesday, April 29th. They issued a “buy” rating and a $480.00 price target for the company. Mizuho initiated coverage on Strategy in a research report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective on the stock. Finally, Benchmark restated a “buy” rating and set a $650.00 target price on shares of Strategy in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $514.42.

Insider Buying and Selling

In other news, EVP Wei-Ming Shao bought 500 shares of the stock in a transaction dated Thursday, March 20th. The shares were acquired at an average price of $85.00 per share, with a total value of $42,500.00. Following the acquisition, the executive vice president now owns 500 shares in the company, valued at $42,500. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Phong Le purchased 6,000 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The shares were purchased at an average cost of $85.00 per share, with a total value of $510,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 6,000 shares in the company, valued at $510,000. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 8,000 shares of company stock valued at $680,000 and sold 40,098 shares valued at $13,432,270. 9.16% of the stock is owned by company insiders.

Institutional Investors Weigh In On Strategy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Riverview Trust Co acquired a new stake in shares of Strategy in the fourth quarter valued at about $25,000. IAG Wealth Partners LLC acquired a new stake in shares of Strategy in the 4th quarter valued at approximately $25,000. Quadrant Capital Group LLC boosted 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 valued at $25,000 after buying an additional 77 shares during the last quarter. Dunhill Financial LLC bought a new position in shares of Strategy in the fourth quarter valued at $26,000. Finally, Parkside Financial Bank & Trust increased its holdings in Strategy by 422.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock worth $27,000 after buying an additional 76 shares during the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Strategy Company Profile

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.