Thoroughbred Financial Services LLC Acquires Shares of 1,014 Strategy Incorporated (NASDAQ:MSTR)

Thoroughbred Financial Services LLC acquired a new position in Strategy Incorporated (NASDAQ:MSTR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,014 shares of the software maker's stock, valued at approximately $293,000.

Other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of Strategy by 990.6% in the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker's stock worth $465,573,000 after buying an additional 2,512,645 shares during the last quarter. Norges Bank acquired a new stake in Strategy in the 4th quarter worth approximately $523,981,000. Amundi boosted its position in 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 purchasing an additional 413,028 shares during the period. Proficio Capital Partners LLC acquired a new position in Strategy during the fourth quarter valued at approximately $81,783,000. Finally, Virtu Financial LLC lifted its stake in shares of 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 during the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MSTR has been the subject of several recent analyst reports. Keefe, Bruyette & Woods initiated coverage on Strategy in a research note on Friday, February 7th. They set an "outperform" rating and a $560.00 target price for the company. Monness Crespi & Hardt lowered 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. Benchmark reiterated a "buy" rating and issued a $650.00 price objective on shares of Strategy in a research report on Tuesday, January 14th. Canaccord Genuity Group lowered their price objective on Strategy from $510.00 to $409.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Finally, Barclays reduced their target price on Strategy from $515.00 to $421.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. 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 stock. Based on data from MarketBeat, Strategy has an average rating of "Moderate Buy" and an average price target of $508.09.

Insider Buying and Selling at Strategy

In other news, EVP Wei-Ming Shao bought 500 shares of the stock in a transaction dated Thursday, March 20th. The shares were bought at an average price of $85.00 per share, for a total transaction of $42,500.00. Following the completion of the purchase, the executive vice president now owns 500 shares in the company, valued at approximately $42,500. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the transaction, the director now directly owns 4,970 shares in the company, valued at approximately $1,669,423. This represents a 75.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 8,000 shares of company stock worth $680,000 and sold 22,998 shares worth $7,671,926. Corporate insiders own 9.16% of the company's stock.

Strategy Price Performance

Shares of NASDAQ MSTR traded down $26.23 during mid-day trading on Thursday, hitting $270.63. 10,318,774 shares of the stock were exchanged, compared to its average volume of 17,956,825. The company has a market cap of $69.65 billion, a P/E ratio of -48.75 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 Incorporated has a twelve month low of $101.00 and a twelve month high of $543.00. The stock's fifty day simple moving average is $298.26 and its two-hundred day simple moving average is $303.82.

Strategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings results 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 return on equity of 19.01% and a negative net margin of 251.73%.

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.