Townsquare Capital LLC Buys 2,076 Shares of Strategy Incorporated (NASDAQ:MSTR)

Townsquare Capital LLC boosted its stake in Strategy Incorporated (NASDAQ:MSTR) by 53.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 5,950 shares of the software maker’s stock after acquiring an additional 2,076 shares during the period. Townsquare Capital LLC’s holdings in Strategy were worth $1,723,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Strategy in the 4th quarter valued at about $523,981,000. Amundi increased its holdings in Strategy by 262.8% in the fourth quarter. Amundi now owns 570,217 shares of the software maker’s stock worth $165,146,000 after purchasing an additional 413,028 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Strategy in the fourth quarter worth approximately $81,783,000. Geode Capital Management LLC lifted its stake in Strategy by 10.2% in the fourth quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker’s stock valued at $881,470,000 after buying an additional 281,342 shares during the period. Finally, Virtu Financial LLC boosted its holdings in shares of Strategy by 10,398.4% during the 3rd quarter. Virtu Financial LLC now owns 224,245 shares of the software maker’s stock worth $37,808,000 after buying an additional 222,109 shares in the last quarter. Institutional investors and hedge funds own 59.84% of the company’s stock.

Insider Activity

In other news, CFO Andrew Kang purchased 1,500 shares of the business’s stock in a transaction dated Thursday, March 20th. The stock was bought at an average price of $85.00 per share, for a total transaction of $127,500.00. Following the purchase, the chief financial officer now owns 1,500 shares of the company’s stock, valued at $127,500. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jeanine Montgomery sold 481 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $329.27, for a total value of $158,378.87. Following the completion of the sale, the chief accounting officer now owns 7,805 shares in the company, valued at $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. In the last ninety days, insiders acquired 8,000 shares of company stock valued at $680,000 and sold 32,998 shares valued at $10,821,926. Insiders own 9.16% of the company’s stock.

Analysts Set New Price Targets

MSTR has been the subject of several research analyst reports. Barclays lowered their price objective on shares of Strategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Monness Crespi & Hardt lowered shares of Strategy from a “neutral” rating to a “sell” rating and set a $220.00 price objective on the stock. in a report on Tuesday, April 1st. Compass Point upgraded Strategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Benchmark reaffirmed a “buy” rating and issued a $650.00 target price on shares of Strategy in a research report on Tuesday, January 14th. Finally, Maxim Group increased their price target on Strategy from $480.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $508.09.

Strategy Trading Up 0.3 %

Shares of MSTR stock opened at $311.66 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The company has a market capitalization of $80.21 billion, a price-to-earnings ratio of -55.33 and a beta of 3.46. Strategy Incorporated has a 52-week low of $101.00 and a 52-week high of $543.00. The company has a 50-day simple moving average of $294.68 and a two-hundred day simple moving average of $307.64.

Strategy (NASDAQ:MSTR) last released its earnings results 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 net margin of 251.73% and a negative return on equity of 19.01%.

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.