Jarrod Patten Sells 1,500 Shares of Strategy (NASDAQ:MSTR) Stock

22 Apr 2026, 21:16 by Kim Johansen · The Markets Daily

Strategy Inc (NASDAQ:MSTR – Get Free Report) Director Jarrod Patten sold 1,500 shares of the business’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $166.95, for a total transaction of $250,425.00. Following the completion of the transaction, the director owned 28,000 shares in the company, valued at $4,674,600. The trade was a 5.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Strategy Trading Up 9.4%

Shares of MSTR stock traded up $15.39 during mid-day trading on Wednesday, reaching $179.36. The stock had a trading volume of 31,755,301 shares, compared to its average volume of 22,257,602. The stock’s 50-day moving average price is $135.10 and its two-hundred day moving average price is $177.96. Strategy Inc has a 52-week low of $104.17 and a 52-week high of $457.22. The firm has a market capitalization of $59.86 billion, a PE ratio of -9.75 and a beta of 3.55. The company has a current ratio of 5.62, a quick ratio of 5.62 and a debt-to-equity ratio of 0.18.

Strategy (NASDAQ:MSTR – Get Free Report) last released its quarterly earnings data on Thursday, February 5th. The software maker reported ($42.93) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $46.02 by ($88.95). Strategy had a negative net margin of 806.34% and a negative return on equity of 8.74%. The firm had revenue of $122.99 million during the quarter, compared to analysts’ expectations of $117.42 million. During the same quarter in the previous year, the firm posted ($3.03) EPS. Strategy’s revenue was up 1.9% compared to the same quarter last year. Equities analysts expect that Strategy Inc will post 80.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Strategy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Citrine Capital LLC boosted its stake in Strategy by 5.0% during the first quarter. Citrine Capital LLC now owns 1,658 shares of the software maker’s stock worth $207,000 after acquiring an additional 79 shares in the last quarter. Realta Investment Advisors boosted its stake in Strategy by 13.4% during the first quarter. Realta Investment Advisors now owns 18,832 shares of the software maker’s stock worth $2,350,000 after acquiring an additional 2,232 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in Strategy by 188.7% during the first quarter. Venturi Wealth Management LLC now owns 12,878 shares of the software maker’s stock worth $1,607,000 after acquiring an additional 8,418 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in Strategy during the first quarter worth about $2,571,000. Finally, Fiduciary Alliance LLC boosted its stake in Strategy by 6.4% during the first quarter. Fiduciary Alliance LLC now owns 49,518 shares of the software maker’s stock worth $6,180,000 after acquiring an additional 2,991 shares in the last quarter. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Strategy News Summary

Here are the key news stories impacting Strategy this week:

Positive Sentiment: Bitcoin rally lifts crypto stocks — Bitcoin reached recent multi‑week highs (around the $78k area), sparking broad risk‑on flows that helped crypto‑exposed names including Strategy gain. MSTR Stock Leads Crypto Rally Stocks on Bitcoin Surge
Positive Sentiment: Record Bitcoin purchase and dominant treasury position — Strategy disclosed a $2.54B purchase (34,164 BTC) that brought its holdings to ~815,061 BTC, making it the largest corporate bitcoin holder and reinforcing its core investment thesis. That sizable balance sheet exposure is a clear valuation driver for MSTR. ‘Think Even Bigger’: Michael Saylor Drops $2.54 Billion On Bitcoin
Positive Sentiment: Institutional buying validates the thesis — Large outside purchases (Capital Group $747M; Vanguard expanding exposure) and heavy STRC preferred inflows have drawn demand into MSTR shares, supporting the rally and signaling durable institutional interest. Strategy (MSTR) Stock Surges 5% on $747M Capital Group Investment
Neutral Sentiment: ETF flows and macro risk‑on backdrop — Large spot‑ETF inflows into Bitcoin and easing geopolitical risk (ceasefire headlines) are supporting BTC price momentum; this is a market tailwind but not unique to Strategy. Bitcoin Set For Stronger Week, Eyes $88K
Negative Sentiment: Preferred‑stock and funding scrutiny — Critics and some coverage note risks around STRC preferred share mechanics (costs, payout structure) and the way new issuances fund BTC purchases; concerns about rising interest/financing costs and capital‑structure complexity could weigh on sentiment if sustained. Bitcoin risks losing $70K as Strategy’s STRC slips below $100
Negative Sentiment: Public criticism and profitability questions — High‑profile critics (e.g., Peter Schiff) and Strategy’s continued GAAP losses / rising interest expenses create narrative risk; negative commentary can amplify volatility in a stock that’s tightly correlated to BTC moves. Peter Schiff: Strategy’s Bitcoin Yield Is ‘The Largest Ponzi’

Analysts Set New Price Targets

Several equities analysts recently issued reports on MSTR shares. TD Cowen reduced their price target on shares of Strategy from $440.00 to $350.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Strategy in a research report on Friday, March 27th. Texas Capital upgraded shares of Strategy to a “strong-buy” rating in a research report on Thursday, March 19th. BTIG Research reiterated a “buy” rating on shares of Strategy in a research report on Wednesday, April 8th. Finally, Zacks Research cut shares of Strategy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Strategy presently has a consensus rating of “Moderate Buy” and an average target price of $327.00.

Check Out Our Latest Research Report on MSTR

About Strategy

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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.