Arete Wealth Advisors LLC Reduces Position in Strategy Incorporated (NASDAQ:MSTR)

Arete Wealth Advisors LLC cut its stake in Strategy Incorporated (NASDAQ:MSTR - Free Report) by 44.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,999 shares of the software maker's stock after selling 4,741 shares during the quarter. Arete Wealth Advisors LLC's holdings in Strategy were worth $1,743,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in MSTR. National Bank of Canada FI boosted its stake in shares of Strategy by 746.2% in the 3rd quarter. National Bank of Canada FI now owns 20,647 shares of the software maker's stock valued at $3,481,000 after purchasing an additional 18,207 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Strategy during the fourth quarter valued at about $81,783,000. Clarity Capital Partners LLC lifted its stake in shares of Strategy by 122.3% in the 4th quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker's stock valued at $7,274,000 after acquiring an additional 13,817 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of Strategy in the third quarter worth approximately $254,000. Finally, Wellington Management Group LLP raised its position in Strategy by 979.8% during the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker's stock valued at $1,134,000 after purchasing an additional 6,104 shares during the last quarter. Hedge funds and other institutional investors own 59.84% of the company's stock.

Strategy Price Performance

Shares of NASDAQ MSTR traded down $29.19 during midday trading on Monday, reaching $264.42. 15,190,075 shares of the stock traded hands, compared to its average volume of 17,839,206. The stock has a market capitalization of $68.05 billion, a PE ratio of -46.73 and a beta of 3.46. The company's 50 day moving average is $305.50 and its 200 day moving average is $301.77. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. Strategy Incorporated has a one year low of $101.00 and a one year high of $543.00.

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Strategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share 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%.

Insider Buying and Selling at Strategy

In related news, EVP Wei-Ming Shao bought 500 shares of the business's stock in a transaction on Thursday, March 20th. The shares were bought at an average price of $85.00 per share, for a total transaction of $42,500.00. Following the completion of the purchase, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leslie J. Rechan sold 15,000 shares of the firm's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the completion of the sale, the director now owns 4,970 shares in the company, valued at $1,669,423. This represents a 75.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders purchased 8,000 shares of company stock valued at $680,000 and sold 22,998 shares valued at $7,671,926. 9.16% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on MSTR shares. Barclays cut their price target on Strategy from $515.00 to $421.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Canaccord Genuity Group dropped their target price on shares of Strategy from $510.00 to $409.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Cantor Fitzgerald upped their price objective on Strategy from $613.00 to $619.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Sanford C. Bernstein reissued an "outperform" rating and set a $600.00 price objective on shares of Strategy in a report on Thursday, December 12th. Finally, Mizuho began coverage on Strategy in a research note on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 price target on the stock. One equities research 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's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $508.09.

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.