Townsquare Capital LLC Has $1.72 Million Stock Position in Strategy Incorporated (NASDAQ:MSTR)
Townsquare Capital LLC increased its stake in Strategy Incorporated (NASDAQ:MSTR) by 53.6% in Q4, owning 5,950 shares valued at $1.72 million. Other institutional investors also raised their positions. MSTR stock opened at $311.66, with a market cap of $80.21 billion. The company reported a loss of ($3.20) EPS, missing estimates. Insider trading included significant sales by CAO Jeanine Montgomery and Director Leslie J. Rechan. Analysts have mixed ratings, with price targets ranging from $409 to $650.
Townsquare Capital LLC grew its stake in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) by 53.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,950 shares of the software maker's stock after acquiring an additional 2,076 shares during the period. Townsquare Capital LLC's holdings in Strategy were worth $1,723,000 at the end of the most recent quarter.
- Strategy’s $5 Million Bitcoin Target: Beacon or Bagholder?
A number of other institutional investors also recently made changes to their positions in MSTR. Geode Capital Management LLC lifted its holdings in Strategy by 10.2% during the 4th quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker's stock worth $881,470,000 after purchasing an additional 281,342 shares during the last quarter. Norges Bank acquired a new stake in shares of Strategy during the fourth quarter worth $523,981,000. Charles Schwab Investment Management Inc. boosted its position in shares of Strategy by 14.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker's stock valued at $220,626,000 after acquiring an additional 97,515 shares during the period. Amundi grew its stake in shares of Strategy by 262.8% in the fourth quarter. Amundi now owns 570,217 shares of the software maker's stock valued at $165,146,000 after acquiring an additional 413,028 shares in the last quarter. Finally, Swiss National Bank increased its position in Strategy by 10.4% during the fourth quarter. Swiss National Bank now owns 517,000 shares of the software maker's stock worth $149,734,000 after acquiring an additional 48,800 shares during the period. Institutional investors own 59.84% of the company's stock.
Strategy Stock Up 0.3 %
MSTR stock opened at $311.66 on Thursday. The stock has a market capitalization of $80.21 billion, a P/E ratio of -55.33 and a beta of 3.46. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average price of $294.68 and a 200-day moving average price of $307.64. Strategy Incorporated has a 12 month low of $101.00 and a 12 month high of $543.00.
- 3 No-Brainer Stock Buys for the Second Quarter
Strategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($3.07). Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.
Insider Activity at Strategy
In related news, CAO Jeanine Montgomery sold 481 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $329.27, for a total value of $158,378.87. Following the completion of the transaction, the chief accounting officer now owns 7,805 shares in the company, valued at $2,569,952.35. This trade represents a 5.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Leslie J. Rechan sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the sale, the director now directly owns 4,970 shares in the company, valued at $1,669,423. The trade was a 75.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 8,000 shares of company stock valued at $680,000 and have sold 32,998 shares valued at $10,821,926. 9.16% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
- Meme Stock Mania 2.0: Retail Investors Fuel the Comeback
MSTR has been the subject of a number of recent research reports. Canaccord Genuity Group cut their price objective on shares of Strategy from $510.00 to $409.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Keefe, Bruyette & Woods initiated coverage on Strategy in a research report on Friday, February 7th. They set an "outperform" rating and a $560.00 price target on the stock. Maxim Group lifted their price objective on Strategy from $480.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Compass Point raised Strategy to a "strong-buy" rating in a report on Wednesday, January 29th. Finally, Benchmark reaffirmed a "buy" rating and issued a $650.00 price target on shares of Strategy in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $508.09.
Get Our Latest Report on MSTR
Strategy Company Profile
(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.
Further Reading
- Five stocks we like better than Strategy
- What Are Some of the Best Large-Cap Stocks to Buy?
- Viking Therapeutics Stock Pops But Struggles to Hold Gains
- What Are Growth Stocks and Investing in Them
- Qualcomm Stock Just Earned a Fresh Buy Rating—Get Excited
- What Are Treasury Bonds?
- Meta Stock Holds Upside Potential as Analysts Cut Price Targets
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Strategy Right Now?
Before you consider Strategy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Strategy wasn't on the list.
While Strategy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
