Resolute Advisors LLC Sells 1,413 Shares of Strategy Incorporated (NASDAQ:MSTR)

Resolute Advisors LLC cut its stake in Strategy Incorporated (NASDAQ:MSTR - Free Report) by 47.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,587 shares of the software maker's stock after selling 1,413 shares during the quarter. Resolute Advisors LLC's holdings in Strategy were worth $460,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Geode Capital Management LLC lifted its holdings in Strategy by 10.2% during the fourth quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker's stock worth $881,470,000 after acquiring an additional 281,342 shares in the last quarter. Norges Bank acquired a new stake in Strategy during the 4th quarter worth approximately $523,981,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Strategy by 14.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker's stock valued at $220,626,000 after buying an additional 97,515 shares during the period. Amundi raised its holdings in shares of Strategy by 262.8% during the fourth quarter. Amundi now owns 570,217 shares of the software maker's stock worth $165,146,000 after acquiring an additional 413,028 shares during the period. Finally, Swiss National Bank lifted its position in Strategy by 10.4% in the 4th quarter. Swiss National Bank now owns 517,000 shares of the software maker's stock valued at $149,734,000 after acquiring an additional 48,800 shares in the last quarter. 59.84% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

MSTR has been the subject of a number of research reports. Cantor Fitzgerald increased their target price on Strategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Compass Point raised Strategy to a "strong-buy" rating in a research report on Wednesday, January 29th. Mizuho initiated coverage on shares of Strategy in a research note on Wednesday, January 29th. They set an "outperform" rating and a $515.00 price target for the company. Keefe, Bruyette & Woods started coverage on shares of Strategy in a report on Friday, February 7th. They issued an "outperform" rating and a $560.00 price objective on the stock. Finally, Sanford C. Bernstein restated an "outperform" rating and set a $600.00 target price on shares of Strategy in a report on Thursday, December 12th. One equities research 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 company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $508.09.

Strategy Stock Performance

Shares of MSTR traded down $30.07 during midday trading on Monday, reaching $263.55. The stock had a trading volume of 15,190,075 shares, compared to its average volume of 17,839,206. The firm has a market cap of $67.82 billion, a PE ratio of -46.73 and a beta of 3.46. The firm has a 50 day simple moving average of $305.50 and a 200-day simple moving average of $301.77. Strategy Incorporated has a one year low of $101.00 and a one year high of $543.00. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

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 analysts' consensus estimates 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

In other Strategy news, Director Leslie J. Rechan sold 15,000 shares of the company's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total value of $5,038,500.00. Following the transaction, the director now directly owns 4,970 shares in the company, valued at $1,669,423. The trade was a 75.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Phong Le bought 6,000 shares of the business's stock in a transaction dated Thursday, March 20th. The shares were bought at an average price of $85.00 per share, with a total value of $510,000.00. Following the purchase, the chief executive officer now owns 6,000 shares in the company, valued at $510,000. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 8,000 shares of company stock valued at $680,000 and have sold 22,998 shares valued at $7,671,926. 9.16% of the stock is owned by insiders.

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.