Legacy Investment Solutions LLC Buys Shares of 7,464 Strategy Incorporated (NASDAQ:MSTR)

Legacy Investment Solutions LLC bought a new position in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,464 shares of the software maker's stock, valued at approximately $2,162,000. Strategy makes up about 1.3% of Legacy Investment Solutions LLC's holdings, making the stock its 20th biggest holding.

A number of other hedge funds have also modified their holdings of MSTR. National Bank of Canada FI raised its holdings in 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 acquiring an additional 18,207 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Strategy during the fourth quarter worth approximately $81,783,000. Clarity Capital Partners LLC boosted its stake in Strategy by 122.3% during the fourth 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 stake in Strategy in the 3rd quarter valued at $254,000. Finally, Wellington Management Group LLP increased its stake in shares of Strategy by 979.8% in the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker's stock worth $1,134,000 after acquiring an additional 6,104 shares during the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Strategy Trading Up 3.8 %

NASDAQ:MSTR traded up $11.47 on Monday, reaching $311.45. 15,586,656 shares of the company's stock were exchanged, compared to its average volume of 18,022,067. Strategy Incorporated has a 52-week low of $101.00 and a 52-week high of $543.00. The business has a fifty day moving average of $295.29 and a 200-day moving average of $307.59. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $80.15 billion, a price-to-earnings ratio of -55.29 and a beta of 3.46.

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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 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%.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, Director Leslie J. Rechan sold 15,000 shares of the business's stock in a transaction that occurred on 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 approximately $1,669,423. The trade was a 75.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Wei-Ming Shao bought 500 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The stock was bought at an average cost of $85.00 per share, for a total transaction of $42,500.00. Following the completion of the transaction, the executive vice president now directly owns 500 shares in the company, valued at approximately $42,500. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 8,000 shares of company stock worth $680,000 and sold 22,998 shares worth $7,671,926. 9.16% of the stock is currently owned by company insiders.

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.