Sagespring Wealth Partners LLC Acquires New Shares in Strategy Incorporated (NASDAQ:MSTR)

Sagespring Wealth Partners LLC acquired a new position in Strategy Incorporated (NASDAQ:MSTR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,015 shares of the software maker's stock, valued at approximately $294,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MSTR. Townsquare Capital LLC raised its position in shares of Strategy by 53.6% during the fourth quarter. Townsquare Capital LLC now owns 5,950 shares of the software maker's stock worth $1,723,000 after purchasing an additional 2,076 shares during the period. Legacy Investment Solutions LLC acquired a new position in Strategy in the 4th quarter worth about $2,162,000. Rockefeller Capital Management L.P. grew its position in Strategy by 73.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 66,518 shares of the software maker's stock worth $19,265,000 after acquiring an additional 28,211 shares in the last quarter. Oder Investment Management LLC increased its stake in shares of Strategy by 3.1% during the 4th quarter. Oder Investment Management LLC now owns 1,268 shares of the software maker's stock worth $367,000 after purchasing an additional 38 shares during the last quarter. Finally, Sterling Capital Management LLC raised its holdings in shares of Strategy by 61.7% during the 4th quarter. Sterling Capital Management LLC now owns 9,331 shares of the software maker's stock valued at $2,702,000 after purchasing an additional 3,561 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MSTR has been the subject of a number of recent analyst reports. Maxim Group upped 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 upgraded Strategy to a "strong-buy" rating in a research note on Wednesday, January 29th. Benchmark reaffirmed a "buy" rating and issued a $650.00 price target on shares of Strategy in a report on Tuesday, January 14th. Monness Crespi & Hardt cut Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price objective on the stock. in a research report on Tuesday, April 1st. Finally, Cantor Fitzgerald increased their price objective on shares of Strategy from $613.00 to $619.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. One equities research 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 stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $508.09.

Insider Buying and Selling at Strategy

In other news, CAO Jeanine Montgomery sold 481 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $329.27, for a total value of $158,378.87. Following the sale, the chief accounting officer now directly owns 7,805 shares in the company, valued at $2,569,952.35. The trade was a 5.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Leslie J. Rechan sold 15,000 shares of the company's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $335.90, for a total value of $5,038,500.00. Following the sale, the director now owns 4,970 shares in the company, valued at $1,669,423. The trade was a 75.11 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 8,000 shares of company stock valued at $680,000 and have sold 32,998 shares valued at $10,821,926. Insiders own 9.16% of the company's stock.

Strategy Price Performance

Shares of NASDAQ MSTR traded up $5.54 during mid-day 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 company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The company has a market cap of $81.63 billion, a P/E ratio of -56.31 and a beta of 3.46. The stock's fifty day simple moving average is $294.28 and its two-hundred day simple moving average is $309.73. Strategy Incorporated has a twelve month low of $101.00 and a twelve month high of $543.00.

Strategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share 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%.

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.