Rossby Financial LCC Buys Shares of 1,450 Strategy Incorporated (NASDAQ:MSTR)

Rossby Financial LCC acquired a new position in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,450 shares of the software maker's stock, valued at approximately $420,000.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in Strategy by 10.2% during the 4th quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker's stock valued at $881,470,000 after acquiring an additional 281,342 shares during the period. Norges Bank purchased a new position in shares of Strategy in the fourth quarter worth $523,981,000. Charles Schwab Investment Management Inc. raised its holdings 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 buying an additional 97,515 shares during the last quarter. Amundi boosted its position in Strategy by 262.8% during the 4th quarter. Amundi now owns 570,217 shares of the software maker's stock valued at $165,146,000 after buying an additional 413,028 shares during the period. Finally, Swiss National Bank grew its holdings in Strategy by 10.4% in the 4th quarter. Swiss National Bank now owns 517,000 shares of the software maker's stock worth $149,734,000 after acquiring an additional 48,800 shares during the last quarter. Institutional investors own 59.84% of the company's stock.

Strategy Stock Up 1.8 %

NASDAQ:MSTR traded up $5.54 during trading hours on Friday, reaching $317.20. 13,470,411 shares of the company traded hands, compared to its average volume of 17,958,564. Strategy Incorporated has a 1 year low of $101.00 and a 1 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. The business's 50-day moving average price is $294.28 and its two-hundred day moving average price is $309.73. The stock has a market capitalization of $81.63 billion, a P/E ratio of -56.31 and a beta of 3.46.

Strategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing analysts' consensus estimates 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 at Strategy

In related news, EVP Wei-Ming Shao purchased 500 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were purchased at an average price of $85.00 per share, with a total value of $42,500.00. Following the acquisition, the executive vice president now directly owns 500 shares in the company, valued at $42,500. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Phong Le acquired 6,000 shares of the firm's stock in a transaction dated Thursday, March 20th. The shares were bought at an average cost of $85.00 per share, with a total value of $510,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 6,000 shares of the company's stock, valued at $510,000. The trade was a ∞ increase in their ownership of the stock. 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 32,998 shares valued at $10,821,926. 9.16% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MSTR shares. Benchmark reissued a "buy" rating and issued a $650.00 target price on shares of Strategy in a research note on Tuesday, January 14th. Canaccord Genuity Group decreased their target price on 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 report on Thursday, February 6th. Compass Point raised shares of Strategy to a "strong-buy" rating in a research report on Wednesday, January 29th. Finally, Mizuho initiated coverage on shares of Strategy in a research report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $508.09.

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.