Diligent Investors LLC Takes $735,000 Position in Strategy Incorporated (NASDAQ:MSTR)

Diligent Investors LLC purchased a new position in Strategy Incorporated (NASDAQ:MSTR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,539 shares of the software maker's stock, valued at approximately $735,000.

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Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in shares of Strategy by 10.2% in the 4th quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker's stock worth $881,470,000 after buying an additional 281,342 shares during the last quarter. Norges Bank purchased a new stake in Strategy during the fourth quarter valued at approximately $523,981,000. Northern Trust Corp raised its position in Strategy by 24.4% during the fourth quarter. Northern Trust Corp now owns 1,076,185 shares of the software maker's stock valued at $311,685,000 after purchasing an additional 210,997 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Strategy by 14.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker's stock valued at $220,626,000 after purchasing an additional 97,515 shares during the last quarter. Finally, Amundi boosted its holdings in shares of Strategy by 262.8% in the 4th quarter. Amundi now owns 570,217 shares of the software maker's stock worth $165,146,000 after purchasing an additional 413,028 shares during the period. Hedge funds and other institutional investors own 59.84% of the company's stock.

Strategy Stock Down 0.2 %

Shares of MSTR stock opened at $385.86 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. Strategy Incorporated has a fifty-two week low of $102.40 and a fifty-two week high of $543.00. The firm has a market capitalization of $99.30 billion, a PE ratio of -68.50 and a beta of 3.79. The stock's 50-day simple moving average is $309.58 and its 200-day simple moving average is $325.34.

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Strategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings results 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). Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%. The business had revenue of $111.07 million for the quarter, compared to analysts' expectations of $116.66 million. During the same period in the prior year, the business posted ($0.83) earnings per share. The business's quarterly revenue was down 3.6% compared to the same quarter last year.

Insiders Place Their Bets

In other news, CFO Andrew Kang purchased 1,500 shares of the 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 $127,500.00. Following the completion of the acquisition, the chief financial officer now owns 1,500 shares of the company's stock, valued at approximately $127,500. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jeanine Montgomery sold 481 shares of the firm's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $329.27, for a total transaction of $158,378.87. Following the sale, the chief accounting officer now owns 7,805 shares in the company, valued at approximately $2,569,952.35. This represents a 5.80 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have purchased 8,000 shares of company stock valued at $680,000 and have sold 37,798 shares valued at $12,535,866. 9.16% of the stock is owned by insiders.

Analysts Set New Price Targets

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A number of analysts recently issued reports on the company. Canaccord Genuity Group raised their price target on Strategy from $409.00 to $464.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Compass Point raised Strategy to a "strong-buy" rating in a research note on Wednesday, January 29th. Mizuho assumed coverage on Strategy in a research note on Wednesday, January 29th. They set an "outperform" rating and a $515.00 price target for the company. Barclays increased their target price on Strategy from $421.00 to $475.00 and gave the stock an "overweight" rating in a research note on Monday. Finally, Maxim Group boosted their target price on shares of Strategy from $480.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $514.42.

Get Our Latest Stock Analysis on MSTR

About Strategy

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.

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