Strategy Incorporated (NASDAQ:MSTR) Shares Bought by Mariner LLC

Mariner LLC lifted its stake in Strategy Incorporated (NASDAQ:MSTR - Free Report) by 44.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 77,409 shares of the software maker's stock after buying an additional 23,989 shares during the quarter. Mariner LLC's holdings in Strategy were worth $22,421,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of MSTR. Proficio Capital Partners LLC bought a new stake in shares of Strategy in the 4th quarter valued at approximately $81,783,000. Clarity Capital Partners LLC grew its stake in Strategy by 122.3% in the fourth quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker's stock worth $7,274,000 after purchasing an additional 13,817 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in shares of Strategy during the third quarter valued at $254,000. Wellington Management Group LLP increased 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 period. Finally, Virtu Financial LLC raised its stake in Strategy by 10,398.4% in the third quarter. Virtu Financial LLC now owns 224,245 shares of the software maker's stock worth $37,808,000 after buying an additional 222,109 shares in the last quarter. Hedge funds and other institutional investors own 59.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MSTR. Canaccord Genuity Group reduced their target price 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. Monness Crespi & Hardt cut Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price target for the company. in a research report on Tuesday, April 1st. Keefe, Bruyette & Woods began coverage on shares of Strategy in a report on Friday, February 7th. They issued an "outperform" rating and a $560.00 price target for the company. Mizuho began coverage on Strategy in a report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 target price for the company. Finally, Maxim Group raised their price target 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. One analyst has rated the stock with a sell rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $508.09.

Strategy Trading Up 1.8 %

Shares of MSTR traded up $5.54 during midday trading on Friday, hitting $317.20. 13,470,411 shares of the stock were exchanged, compared to its average volume of 17,958,564. The stock has a fifty day simple moving average of $294.28 and a 200 day simple moving average of $309.73. Strategy Incorporated has a 52-week low of $101.00 and a 52-week high of $543.00. The firm has a market cap of $81.63 billion, a P/E ratio of -56.31 and a beta of 3.46. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71.

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%.

Insider Activity

In other Strategy news, CAO Jeanine Montgomery sold 481 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $329.27, for a total value of $158,378.87. Following the completion of the transaction, the chief accounting officer now owns 7,805 shares in the company, valued at approximately $2,569,952.35. This represents a 5.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 of the company's stock, valued at $1,669,423. This trade represents a 75.11 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 8,000 shares of company stock valued at $680,000 and sold 32,998 shares valued at $10,821,926. Corporate 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.