Capital Research Global Investors Lowers Stock Position in Strategy Incorporated (NASDAQ:MSTR)

Capital Research Global Investors lessened its position in Strategy Incorporated (NASDAQ:MSTR - Free Report) by 25.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 108,853 shares of the software maker's stock after selling 36,617 shares during the quarter. Capital Research Global Investors' holdings in Strategy were worth $31,526,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC purchased a new stake in shares of Strategy in the fourth quarter valued at approximately $81,783,000. Clarity Capital Partners LLC grew its position 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 worth $7,274,000 after buying an additional 13,817 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in Strategy in the third quarter worth $254,000. Virtu Financial LLC increased its holdings in shares of Strategy by 10,398.4% during the third quarter. Virtu Financial LLC now owns 224,245 shares of the software maker's stock valued at $37,808,000 after acquiring an additional 222,109 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Strategy by 14.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker's stock valued at $220,626,000 after purchasing an additional 97,515 shares in the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

Strategy Stock Up 0.8 %

Shares of NASDAQ MSTR traded up $2.70 during midday trading on Wednesday, hitting $345.73. The company's stock had a trading volume of 16,636,102 shares, compared to its average volume of 18,007,147. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The firm has a market capitalization of $88.97 billion, a price-to-earnings ratio of -61.38 and a beta of 3.46. The business's fifty day simple moving average is $294.47 and its two-hundred day simple moving average is $312.97. Strategy Incorporated has a 1 year low of $101.00 and a 1 year high of $543.00.

Strategy (NASDAQ:MSTR - Get Free Report) last posted 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%.

Insiders Place Their Bets

In other Strategy news, CFO Andrew Kang bought 1,500 shares of the business's stock in a transaction dated Thursday, March 20th. The shares were acquired at an average price of $85.00 per share, with a total value of $127,500.00. Following the transaction, the chief financial officer now owns 1,500 shares of the company's stock, valued at approximately $127,500. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Jeanine Montgomery sold 481 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $329.27, for a total transaction of $158,378.87. Following the completion of the transaction, 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 quarter, insiders have purchased 8,000 shares of company stock worth $680,000 and have sold 32,998 shares worth $10,821,926. 9.16% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MSTR has been the topic of a number of recent research reports. Benchmark reiterated a "buy" rating and issued a $650.00 target price on shares of Strategy in a research report on Tuesday, January 14th. Barclays cut their price target on shares of Strategy from $515.00 to $421.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Canaccord Genuity Group reduced their price objective on Strategy from $510.00 to $409.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Maxim Group raised their target price 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, Mizuho assumed coverage on Strategy in a report on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 target price for the company. 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 company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $508.09.

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.