Strategy Incorporated (NASDAQ:MSTR) Stake Cut by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S reduced its holdings in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) by 54.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,428 shares of the software maker's stock after selling 35,523 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Strategy were worth $8,523,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MSTR. Maryland State Retirement & Pension System grew its position in Strategy by 0.3% during the fourth 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. GPS Wealth Strategies Group LLC lifted its stake in Strategy by 3.2% in 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 in the last quarter. Oder Investment Management LLC boosted its holdings in Strategy by 3.1% in the 4th quarter. Oder Investment Management LLC now owns 1,268 shares of the software maker's stock valued at $367,000 after purchasing an additional 38 shares during the period. Versant Capital Management Inc grew its position in Strategy by 38.2% during the fourth quarter. Versant Capital Management Inc now owns 141 shares of the software maker's stock worth $41,000 after buying an additional 39 shares in the last quarter. Finally, WR Wealth Planners LLC increased its position in shares of Strategy by 22.6% in the fourth 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 last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MSTR has been the topic of several recent research reports. Monness Crespi & Hardt lowered Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price target on the stock. in a research report on Tuesday, April 1st. Compass Point raised shares of Strategy to a "strong-buy" rating in a research note on Wednesday, January 29th. Canaccord Genuity Group reduced their price target on Strategy from $510.00 to $409.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Keefe, Bruyette & Woods initiated coverage on Strategy in a research report on Friday, February 7th. They issued an "outperform" rating and a $560.00 price objective on the stock. Finally, Benchmark reaffirmed a "buy" rating and set a $650.00 price target on shares of Strategy in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $508.09.

Insiders Place Their Bets

In related news, CFO Andrew Kang purchased 1,500 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was acquired 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 trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Wei-Ming Shao sold 10,000 shares of the stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $315.00, for a total transaction of $3,150,000.00. Following the completion of the transaction, the executive vice president now owns 10,597 shares of the company's stock, valued at $3,338,055. This represents a 48.55 % decrease in their position. 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. 9.16% of the stock is owned by company insiders.

Strategy Price Performance

Shares of MSTR stock traded down $0.49 during trading hours on Thursday, reaching $345.24. The company had a trading volume of 6,066,906 shares, compared to its average volume of 17,961,337. 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 $88.85 billion, a price-to-earnings ratio of -61.50 and a beta of 3.46. The stock has a fifty day moving average of $294.63 and a 200-day moving average of $313.19. Strategy Incorporated has a 12-month low of $101.00 and a 12-month high of $543.00.

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

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.