Canal Capital Management LLC Takes $329,000 Position in Strategy Incorporated (NASDAQ:MSTR)

Canal Capital Management LLC bought a new stake in Strategy Incorporated (NASDAQ:MSTR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,136 shares of the software maker's stock, valued at approximately $329,000.

A number of other institutional investors have also recently bought and sold shares of MSTR. OneDigital Investment Advisors LLC purchased a new stake in Strategy during the fourth quarter worth about $484,000. Stifel Financial Corp raised its holdings in shares of Strategy by 16.8% in the 4th quarter. Stifel Financial Corp now owns 226,310 shares of the software maker's stock worth $65,544,000 after purchasing an additional 32,470 shares during the period. Senator Investment Group LP purchased a new position in Strategy in the fourth quarter valued at approximately $2,693,000. Tower Research Capital LLC TRC grew its holdings in Strategy by 168.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 17,142 shares of the software maker's stock valued at $4,965,000 after purchasing an additional 10,755 shares during the period. Finally, Tradition Wealth Management LLC purchased a new stake in Strategy in the fourth quarter worth $376,000. Institutional investors own 59.84% of the company's stock.

Strategy Trading Up 1.3 %

Shares of Strategy stock traded up $4.61 during trading on Thursday, reaching $350.34. The company's stock had a trading volume of 10,688,932 shares, compared to its average volume of 17,978,240. The company has a market cap of $90.16 billion, a price-to-earnings ratio of -62.19 and a beta of 3.46. The firm's 50-day moving average is $294.63 and its two-hundred day moving average is $313.19. Strategy Incorporated has a 52-week low of $101.00 and a 52-week 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.

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

Wall Street Analyst Weigh In

MSTR has been the topic of a number of recent research reports. Cantor Fitzgerald upped their price target on Strategy from $613.00 to $619.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Maxim Group boosted their price target on shares of Strategy from $480.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Canaccord Genuity Group cut their price objective on shares of Strategy from $510.00 to $409.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Compass Point raised shares of Strategy to a "strong-buy" rating in a report on Wednesday, January 29th. Finally, Benchmark reissued a "buy" rating and set a $650.00 price objective on shares of Strategy in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $508.09.

Insiders Place Their Bets

In other Strategy news, Director Jarrod M. Patten sold 1,700 shares of the firm's stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of $342.01, for a total value of $581,417.00. Following the sale, the director now owns 4,970 shares of the company's stock, valued at $1,699,789.70. This trade represents a 25.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Wei-Ming Shao acquired 500 shares of the firm'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 $42,500.00. Following the transaction, the executive vice president now directly owns 500 shares of the company's stock, valued at approximately $42,500. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 8,000 shares of company stock valued at $680,000 and have sold 34,698 shares valued at $11,403,343. Insiders own 9.16% of the company's stock.

Strategy Company 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.