Laird Norton Wetherby Wealth Management LLC Makes New Investment in Strategy Incorporated (NASDAQ:MSTR)

Laird Norton Wetherby Wealth Management LLC acquired a new position in Strategy Incorporated (NASDAQ:MSTR) 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

MSTR has been the topic of several recent research reports. Monness Crespi & Hardt lowered shares of Strategy from a “neutral” rating to a “sell” rating and set a $220.00 target price on the stock. in a research report on Tuesday, April 1st. Cantor Fitzgerald dropped their target price on shares of Strategy from $619.00 to $614.00 and set an “overweight” rating for the company in a research note on Monday, May 5th. Mizuho initiated coverage on shares of Strategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 target price for the company. Maxim Group boosted their price target on shares of Strategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Finally, BTIG Research reissued a “buy” rating on shares of Strategy in a research note on Wednesday. One analyst has rated the stock with a sell rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $514.42.

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) 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.