MML Investors Services LLC Sells 28,642 Shares of Strategy Incorporated (NASDAQ:MSTR)

MML Investors Services LLC reduced its stake in Strategy Incorporated (NASDAQ:MSTR - Free Report) by 47.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,190 shares of the software maker's stock after selling 28,642 shares during the quarter. MML Investors Services LLC's holdings in Strategy were worth $9,323,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Garden State Investment Advisory Services LLC grew its stake in shares of Strategy by 1,005.0% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 2,630 shares of the software maker's stock worth $443,000 after acquiring an additional 2,392 shares in the last quarter. Virtu Financial LLC grew its position in Strategy by 10,398.4% in the third quarter. Virtu Financial LLC now owns 224,245 shares of the software maker's stock valued at $37,808,000 after purchasing an additional 222,109 shares in the last quarter. Peapack Gladstone Financial Corp increased its stake in Strategy by 900.0% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 2,350 shares of the software maker's stock valued at $396,000 after buying an additional 2,115 shares during the last quarter. Franklin Resources Inc. lifted its position in Strategy by 3.3% during the 3rd quarter. Franklin Resources Inc. now owns 4,248 shares of the software maker's stock worth $716,000 after buying an additional 135 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC boosted its stake in shares of Strategy by 1,105.2% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 4,640 shares of the software maker's stock worth $782,000 after buying an additional 4,255 shares during the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on MSTR shares. Barclays lowered their target price on Strategy from $515.00 to $421.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Maxim Group increased their price objective on Strategy from $480.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Mizuho initiated coverage on shares of Strategy in a report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 target price on the stock. Monness Crespi & Hardt cut Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price target on the stock. in a research note on Tuesday, April 1st. Finally, Compass Point upgraded shares of Strategy to a "strong-buy" rating in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $508.09.

Strategy Stock Performance

Shares of NASDAQ:MSTR traded up $18.37 on Friday, reaching $368.71. 19,291,754 shares of the company's stock were exchanged, compared to its average volume of 18,058,632. Strategy Incorporated has a twelve month low of $101.00 and a twelve month high of $543.00. The company has a fifty day moving average of $295.57 and a 200-day moving average of $315.54. The company has a market capitalization of $94.89 billion, a price-to-earnings ratio of -65.46 and a beta of 3.46. 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 issued its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (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 Transactions at Strategy

In related news, CFO Andrew Kang purchased 1,500 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were bought at an average cost of $85.00 per share, with a total value of $127,500.00. Following the acquisition, the chief financial officer now owns 1,500 shares of the company's stock, valued at $127,500. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jarrod M. Patten sold 1,700 shares of the company's stock in a transaction that occurred on Tuesday, April 22nd. The stock was sold at an average price of $342.01, for a total transaction of $581,417.00. Following the transaction, the director now owns 4,970 shares of the company's stock, valued at approximately $1,699,789.70. This represents a 25.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have purchased 8,000 shares of company stock valued at $680,000 and have sold 34,698 shares valued at $11,403,343. 9.16% of the stock is currently owned by 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.