Kovitz Investment Group Partners LLC Buys 838 Shares of Strategy Incorporated (NASDAQ:MSTR)

Kovitz Investment Group Partners LLC increased its position in Strategy Incorporated (NASDAQ:MSTR) by 32.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,388 shares of the software maker’s stock after purchasing an additional 838 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Strategy were worth $981,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new position in shares of Strategy during the 4th quarter worth $81,783,000. Clarity Capital Partners LLC grew its holdings in Strategy by 122.3% during the 4th quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker’s stock worth $7,274,000 after acquiring an additional 13,817 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in Strategy during the 3rd quarter valued at about $254,000. Virtu Financial LLC raised its holdings in shares of Strategy by 10,398.4% in the 3rd quarter. Virtu Financial LLC now owns 224,245 shares of the software maker’s stock valued at $37,808,000 after purchasing an additional 222,109 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position 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 worth $220,626,000 after purchasing an additional 97,515 shares during the period. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Strategy Stock Performance

Shares of MSTR stock opened at $381.45 on Wednesday. The business has a fifty day moving average of $297.73 and a 200 day moving average of $318.89. Strategy Incorporated has a 1 year low of $101.00 and a 1 year high of $543.00. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The firm has a market capitalization of $98.17 billion, a price-to-earnings ratio of -67.72 and a beta of 3.46.

Strategy (NASDAQ:MSTR) last announced its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($3.07). Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Analysts Set New Price Targets

MSTR has been the subject of a number of recent research reports. Monness Crespi & Hardt downgraded shares of Strategy from a “neutral” rating to a “sell” rating and set a $220.00 price objective for the company. in a research note on Tuesday, April 1st. Compass Point upgraded Strategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Canaccord Genuity Group cut their target price on Strategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Barclays decreased their price target on shares of Strategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Finally, Keefe, Bruyette & Woods started coverage on shares of Strategy in a research report on Friday, February 7th. They issued an “outperform” rating and a $560.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Strategy has a consensus rating of “Moderate Buy” and an average price target of $505.75.

Insider Activity

In related news, CFO Andrew Kang bought 1,500 shares of the stock in a transaction dated Thursday, March 20th. The shares were 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 of the company’s stock, valued at $127,500. This represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Leslie J. Rechan sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total value of $5,038,500.00. Following the completion of the transaction, the director now directly owns 4,970 shares of the company’s stock, 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 ninety days, insiders have acquired 8,000 shares of company stock valued at $680,000 and have sold 37,798 shares valued at $12,535,866. Insiders own 9.16% of the company’s stock.

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.