Laird Norton Wetherby Wealth Management LLC acquired a new position in Strategy Incorporated (NASDAQ:MSTR – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,451 shares of the software maker’s stock, valued at approximately $420,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System boosted its stake in shares of Strategy by 0.3% during the 4th quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker’s stock valued at $2,604,000 after buying an additional 30 shares during the period. Family Management Corp raised its holdings in Strategy by 2.2% in the 4th quarter. Family Management Corp now owns 1,370 shares of the software maker’s stock worth $397,000 after acquiring an additional 30 shares during the period. GPS Wealth Strategies Group LLC increased its holdings in shares of Strategy by 3.2% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock worth $324,000 after purchasing an additional 35 shares during the period. Oder Investment Management LLC increased its holdings in shares of Strategy by 3.1% during the 4th quarter. Oder Investment Management LLC now owns 1,268 shares of the software maker’s stock worth $367,000 after purchasing an additional 38 shares during the period. Finally, WR Wealth Planners LLC increased its holdings in shares of Strategy by 22.6% during the 4th quarter. WR Wealth Planners LLC now owns 260 shares of the software maker’s stock worth $75,000 after purchasing an additional 48 shares during the period. Institutional investors and hedge funds own 59.84% of the company’s stock.
Insider Buying and Selling at Strategy
In other news, CFO Andrew Kang purchased 1,500 shares of the business’s stock in a transaction on Thursday, March 20th. The stock was purchased at an average price of $85.00 per share, for a total transaction of $127,500.00. Following the completion of the purchase, the chief financial officer now directly owns 1,500 shares in the company, valued at $127,500. The trade was a ? increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Phong Le bought 6,000 shares of the business’s stock in a transaction dated Thursday, March 20th. The shares were bought at an average price of $85.00 per share, with a total value of $510,000.00. Following the purchase, the chief executive officer now owns 6,000 shares in the company, valued at $510,000. The trade was a ? increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 8,000 shares of company stock worth $680,000 and have sold 41,198 shares worth $13,901,970. Company insiders own 9.16% of the company’s stock.
Analyst Upgrades and Downgrades
Strategy Stock Down 4.7%
Strategy stock opened at $397.03 on Friday. The stock has a market capitalization of $108.55 billion, a PE ratio of -70.48 and a beta of 3.79. Strategy Incorporated has a twelve month low of $102.40 and a twelve month high of $543.00. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The company has a 50 day moving average of $328.43 and a 200-day moving average of $333.34.
Strategy (NASDAQ:MSTR – Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share (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 business had revenue of $111.07 million during the quarter, compared to analyst estimates of $116.66 million. During the same quarter in the previous year, the firm posted ($0.83) earnings per share. The firm’s quarterly revenue was down 3.6% on a year-over-year basis.
Strategy Profile
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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