Jarrod M. Patten, a director at Strategy Inc (NASDAQ: MSTR), sold 3,700 Class A common shares for approximately $460,964 over two trading days in August 2026, according to regulatory filings.
The sales occurred on August 24 and August 25, with shares transacted at prices ranging from $122.34 to $127.00 per share. The shares were acquired through the exercise of stock options granted to Patten, originally issued on May 31, 2019. He exercised options for 925 shares on August 24 and an additional 2,775 shares the following day, paying a total of $67,473 at an exercise price of $18.236 per share.
Strategy Inc’s Class A shares were trading at $123.19 at the time of the article, down 64% from the 52-week high of $365.21. InvestingPro estimates a fair value of $154.75, suggesting the stock may be undervalued at current levels.
Following the transaction, Patten retains 28,406 Class A common shares, 10,000 Series A Strife Perpetual Preferred shares, 29,335 Series A Stretch Perpetual Preferred shares, 5,000 Series A Stride Perpetual Preferred shares, and 28,600 Class A common stock purchase options.
The company has also taken steps to bolster its financial flexibility, including the creation of a $1.59 billion cash reserve designated for potential Bitcoin purchases and treasury operations. Additionally, Strategy Inc repurchased 288,930 preferred shares for $25 million at a 13.5% discount to par value.
Analysts have provided mixed outlooks on the stock. Canaccord raised its price target to $175, while Bernstein SocGen reduced its target to $350 but maintained an Outperform rating. Cantor Fitzgerald lowered its target to $186, and H.C. Wainwright reiterated a Buy rating with a $325 target following the company’s fiscal Q2 2026 earnings.
