Schonfeld Strategic Advisors LLC Has $471,000 Holdings in Strategy Incorporated (NASDAQ:MSTR)
Schonfeld Strategic Advisors LLC reduced its holdings in Strategy Incorporated (NASDAQ:MSTR) by 92.4% in Q4, owning 1,627 shares valued at $471,000. Other institutional investors also adjusted their stakes, with Geode Capital increasing its position by 10.2%. Analysts have mixed ratings on MSTR, with an average target price of $514.42. Insider trading activity included purchases and sales by executives. MSTR's stock opened at $415.93, with a market cap of $107.04 billion and a 52-week range of $102.40 to $543.00.
Schonfeld Strategic Advisors LLC trimmed its position in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) by 92.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,627 shares of the software maker's stock after selling 19,661 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Strategy were worth $471,000 as of its most recent filing with the Securities and Exchange Commission.
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Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in shares of 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 position in Strategy during the fourth quarter worth approximately $523,981,000. Northern Trust Corp raised its stake in Strategy by 24.4% in the fourth quarter. Northern Trust Corp now owns 1,076,185 shares of the software maker's stock valued at $311,685,000 after buying an additional 210,997 shares during the period. Charles Schwab Investment Management Inc. lifted 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 buying an additional 97,515 shares during the last quarter. Finally, Amundi boosted its stake in shares of Strategy by 262.8% during the 4th quarter. Amundi now owns 570,217 shares of the software maker's stock worth $165,146,000 after acquiring an additional 413,028 shares during the period. 59.84% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on MSTR shares. Mizuho started coverage on Strategy in a report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 price target for the company. Maxim Group lifted their target price on shares of Strategy from $480.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Keefe, Bruyette & Woods assumed coverage on shares of Strategy in a research note on Friday, February 7th. They issued an "outperform" rating and a $560.00 price target on the stock. Barclays boosted their price objective on Strategy from $421.00 to $475.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Finally, Compass Point upgraded Strategy to a "strong-buy" rating in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $514.42.
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Read Our Latest Analysis on MSTR
Insider Buying and Selling at Strategy
In related news, EVP Wei-Ming Shao purchased 500 shares of Strategy stock in a transaction dated Thursday, March 20th. The shares were bought at an average cost of $85.00 per share, for a total transaction of $42,500.00. Following the purchase, the executive vice president now owns 500 shares in the company, valued at approximately $42,500. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jeanine Montgomery sold 481 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $329.27, for a total transaction of $158,378.87. Following the transaction, the chief accounting officer now owns 7,805 shares of the company's stock, valued at approximately $2,569,952.35. This represents a 5.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders bought 8,000 shares of company stock worth $680,000 and sold 40,098 shares worth $13,432,270. Company insiders own 9.16% of the company's stock.
Strategy Stock Performance
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MSTR opened at $415.93 on Friday. 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 52-week low of $102.40 and a 52-week high of $543.00. The firm has a market cap of $107.04 billion, a P/E ratio of -73.84 and a beta of 3.79. The business's fifty day moving average is $318.40 and its 200-day moving average is $329.30.
Strategy (NASDAQ:MSTR - Get Free Report) last released its earnings results on Thursday, May 1st. The software maker reported ($16.49) EPS for the quarter, missing the consensus estimate of ($0.02) by ($16.47). Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%. The firm had revenue of $111.07 million during the quarter, compared to the consensus estimate of $116.66 million. During the same period in the prior year, the business earned ($0.83) earnings per share. Strategy's quarterly revenue was down 3.6% compared to the same quarter last year.
About Strategy
(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.
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