MSTR

Strategy Inc
NasdaqGSUSDEQUITY Technology DELAYED
Last price
164.90
▲ 0.47 (0.29%)
MARKET · —

Price

1D — H — L — Range — Vol —
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
163.30
Prev close
164.43
Day high
168.73
Day low
163.18
Volume
17.47M
Market cap
$65.61B
P/E (TTM)
—
52W range
81.81 – 336.36

Day trading desk

Current session · delayed
Gap from prior close
-0.69%
Prior close 164.43
VWAP
165.40
-0.30% from price
Relative volume
1.38×
Normal
Session range
3.41%
163.16 – 168.73
Position in range
31%
Mid range
ATR (14D)
9.40
5.70% of price
Prior day high
166.20
PDH
Prior day low
160.12
PDL
Bid / ask spread
—
Quote not published
Session volume
29.63M
Avg 21.54M

VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.

Trailing performance

Price return · vs SPY
Returnvs SPY
1W
+6.39% +4.4%
1M
+15.23% +14.1%
3M
+75.30% +70.8%
6M
+33.00% +14.8%
YTD
+8.29% -6.0%
1Y
-53.20% -69.6%
3Y
+401.25% +319.0%
5Y
— —

Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.

Unusual options activity

Account required
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
Free account required

Contracts trading at or above their open interest, ranked by notional and where the print landed.

Free account

5 more panels on MSTR open with an account.

Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.

Insider net activity

6m · Form 4 rollup
Net shares
+145.25K
Net buying
Buy transactions
34
363.47K shares
Sell transactions
30
218.22K shares
Net transactions
+64
Buys less sells
Sell : buy shares
0.6 : 1
Mixed
Insider-held shares
860.66K
Total on file
Bought 363.47KSold 218.22K

Insider transactions

Account required
DateInsiderAction SharesValueHeld
Sep 22, 26
PATTEN JARROD MICHAEL
Director
SELL 475 $81.22K Direct
Sep 22, 26
PATTEN JARROD MICHAEL
Director
CONVERSION 475 $8.66K Direct
Sep 21, 26
PATTEN JARROD MICHAEL
Director
SELL 1.43K $238.44K Direct
Sep 21, 26
PATTEN JARROD MICHAEL
Director
CONVERSION 1.43K $25.99K Direct
Aug 27, 26
PATTEN JARROD MICHAEL
Director
SELL 1.85K $240.50K Direct
Aug 27, 26
PATTEN JARROD MICHAEL
Director
CONVERSION 1.85K $33.74K Direct
Aug 25, 26
PATTEN JARROD MICHAEL
Director
SELL 3.70K $460.96K Direct
Aug 25, 26
PATTEN JARROD MICHAEL
Director
CONVERSION 3.70K $67.47K Direct
Aug 7, 26
PATTEN JARROD MICHAEL
Director
SELL 3.80K $389.15K Direct
Aug 7, 26
PATTEN JARROD MICHAEL
Director
CONVERSION 3.80K $69.30K Direct
Jul 27, 26
PATTEN JARROD MICHAEL
Director
SELL 3.90K $372.32K Direct
Jul 27, 26
PATTEN JARROD MICHAEL
Director
CONVERSION 3.90K $71.12K Direct
Jul 22, 26
PATTEN JARROD MICHAEL
Director
SELL 1.25K $125.00K Direct
Jul 22, 26
PATTEN JARROD MICHAEL
Director
CONVERSION 1.25K $22.80K Direct
What this is, and what it is not

These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.

A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.

This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.

Free account required

Officer and director trades in their own stock, straight from Form 4 filings.

Insider holders

10 reporting
NameRelationShares heldLatest
DIETZE JANE A
Director 1.09K Conversion of Exercise of derivative security
GRAHAM STEPHEN X
Director 8.36K Conversion of Exercise of derivative security
KANG ANDREW
Chief Financial Officer 71.04K Sale
LE PHONG QUOC
Chief Executive Officer 126.32K Sale
MONTGOMERY JEANINE J.
Officer 11.21K Sale
PATTEN JARROD MICHAEL
Director 28.41K Sale
RECHAN LESLIE JOSEPH
Director 25.95K Conversion of Exercise of derivative security
RICKERTSEN CARL JOHN
Director 5.41K Conversion of Exercise of derivative security
SHAO WEI-MING
General Counsel 32.73K Sale
WINIARSKI GREGG
Director 1.09K Conversion of Exercise of derivative security

Fundamentals

TTM · reported
Market cap$65.61B
Enterprise value$82.03B
Revenue (TTM)$498.35M
Gross profit$336.89M
EBITDA$-36.35B
Net income$-31.37B
EPS (TTM)$-99.15
Free cash flow$-22.59B
Total cash$2.45B
Total debt$6.77B
Book value / share$83.12
Shares outstanding379.11M
Float363.63M
Short % of float8.15%
Dividend yield0.00%
Beta (5Y)3.57

Valuation & profitability ratios

Account required
Trailing P/E—
Forward P/E3.32
PEG ratio2.85
Price / sales—
Price / book1.98
EV / revenue164.60
EV / EBITDA-2.26
Gross margin67.60%
Operating margin-6808.11%
Profit margin0.00%
Return on equity-63.56%
Return on assets-38.73%
Debt / equity14.94
Current ratio5.39
Free account required

Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.

Financial statements

As reported · 5 years · 5 quarters
Blank means not reported, not zero
Line item2025202420232022YoY
Total revenue $477.23M$463.46M$496.26M$499.26M +3.0%
Operating revenue $419.56M$399.15M$420.42M$413.76M +5.1%
Cost of revenue $149.42M$129.47M$109.94M$102.99M +15.4%
Gross profit $327.82M$333.99M$386.32M$396.27M -1.8%
Research & development $93.86M$118.49M$120.53M$127.43M -20.8%
Selling, general & admin $274.87M$278.62M$264.98M$258.30M -1.3%
Total operating expense $368.73M$397.10M$385.51M$385.73M -7.1%
Operating income -$40.91M-$63.12M$804.00K$10.54M +35.2%
Net interest income -$64.97M-$61.94M-$48.96M-$53.14M -4.9%
Pre-tax income -$5.53B-$1.93B-$124.53M-$1.32B -185.7%
Tax provision -$1.68B-$767.68M-$553.65M$147.33M -118.6%
Net income -$3.85B-$1.17B$429.12M-$1.47B -229.8%
Net income to common -$4.23B-$1.17B$429.12M-$1.47B -262.5%
Basic EPS -15.23-6.063.14-12.98 -151.3%
Diluted EPS -15.23-6.062.64-12.98 -151.3%
EBIT -$5.46B-$1.87B-$75.56M-$1.27B -191.7%
EBITDA -$5.44B-$1.85B-$61.04M-$1.26B -193.1%
Basic shares 277.66M192.55M136.71M113.21M +44.2%
Diluted shares 277.66M192.55M165.66M113.21M +44.2%

Options analytics

Account required
Put / call volume
0.49
Call-heavy session
Put / call open interest
0.73
Positioning, not flow
Max pain
155.00
-5.8% from spot
ATM implied vol
67.1%
Nearest strike to spot
Skew (10% OTM)
-12.0%
Calls bid over puts
Call volume
88.88K
Contracts, this expiry
Put volume
43.64K
Contracts, this expiry
Heaviest call OI
165.00
25.34K contracts
Heaviest put OI
95.00
36.38K contracts

Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.

Free account required

Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.

Earnings

History & consensus estimates
Reported vs expected · EPS
QuarterEst.ActualSurprise
Jun 2026 3.07-24.45 -895.3%
Mar 2026 -15.33-38.25 -149.6%
Dec 2025 -20.99-42.93 -104.5%
Sep 2025 9.678.42 -13.0%
Forward consensus
PeriodEPSAnalystsRevenueGrowth
Current quarter 13.13 9 $129.36M +0.5%
Next quarter 13.18 8 $126.79M +3.1%
Current year -23.30 11 $501.70M +5.1%
Next year 13.41 8 $512.86M +2.2%

Analyst targets & ownership

Account required
Mean target$236.80
High target$435.00
Low target$160.00
Implied upside43.60%
Analyst count15
ConsensusSTRONG BUY
Strong buy / Buy2 / 13
Hold1
Sell / Strong sell0 / 0
Held by insiders0.22%
Held by institutions60.46%
Institutions holding1.23K
Free account required

Price targets, consensus spread, insider and institutional ownership.

Moving averages & technicals

Computed from 2Y daily closes
SMA 10
159.68
+3.27% from price
SMA 20
150.19
+9.56% from price
SMA 50
126.38
+30.20% from price
SMA 100
122.68
+34.41% from price
SMA 200
136.00
+21.00% from price
EMA 12
157.23
+4.88% from price
EMA 26
147.02
+12.16% from price
EMA 50
135.90
+21.34% from price
RSI (14)
65.0
Neutral
MACD (12,26,9)
10.21
Hist -0.29
ATR (14)
9.40
5.71% of price
Realised vol 30D
90.4%
Annualised
Bollinger upper
179.58
20, 2σ
Bollinger lower
120.80
20, 2σ
50 / 200 cross
Death
126.38 vs 136.00
Trend bias
Above 200
+21.00%

Options chain

Account required
Expiry
Spot 164.90
Calls
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Puts
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Free account required

Every listed expiry, both sides of the book, with volume, open interest and implied volatility.

Risk profile

Daily returns · 1Y window
Beta vs SPY
3.08
More volatile than market
Correlation to SPY
0.49
Loosely linked
Realised vol 30D
90.4%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-77.1%
Peak to trough
Max drawdown 5Y
-84.1%
Peak to trough
ATR 14
9.40
5.71% of price
Beta (reported)
3.57
5Y monthly, from filing

Short interest

Semi-monthly exchange report · lags by ~2 weeks
Shares short
30.74M
Prior 31.88M
Change vs prior
-3.6%
Shorts covering
% of float
8.15%
Normal
% of shares out
7.74%
Against total outstanding
Days to cover
1.1
Liquid
Float
363.63M
Freely tradeable shares

Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.

Rating changes

175 on file
DateFirm ActionFromTo
Oct 2, 26 Citigroup MAINTAINED Buy Buy
Sep 22, 26 B. Riley Securities MAINTAINED Buy Buy
Sep 15, 26 Barclays MAINTAINED Overweight Overweight
Sep 8, 26 Canaccord Genuity MAINTAINED Buy Buy
Sep 3, 26 B. Riley Securities MAINTAINED Buy Buy
Sep 2, 26 Alliance Global Partners INITIATED — Buy
Aug 26, 26 Bernstein MAINTAINED Outperform Outperform
Aug 25, 26 Canaccord Genuity MAINTAINED Buy Buy
Aug 3, 26 B. Riley Securities MAINTAINED Buy Buy
Aug 3, 26 Cantor Fitzgerald MAINTAINED Overweight Overweight
Aug 3, 26 Barclays MAINTAINED Overweight Overweight
Jul 31, 26 Benchmark MAINTAINED Buy Buy

Dividends & splits

Declared · from the issuer
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay dateMay 22, 2025
Last split10:1
Split dateAug 8, 2024

PRIVATE STRATEGY · BY QUALIFICATION

The same data. A different seat.

The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.