Strategy Incorporated (NASDAQ:MSTR) Shares Purchased by Townsquare Capital LLC

Townsquare Capital LLC lifted its stake in Strategy Incorporated (NASDAQ:MSTR - Free Report) by 53.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,950 shares of the software maker's stock after purchasing an additional 2,076 shares during the period. Townsquare Capital LLC's holdings in Strategy were worth $1,723,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in shares of Strategy by 10.2% in 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 purchasing an additional 281,342 shares in the last quarter. Norges Bank bought a new stake in Strategy during the 4th quarter valued at $523,981,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Strategy by 14.7% in 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 acquiring an additional 97,515 shares during the period. Amundi lifted its stake in shares of Strategy by 262.8% during the 4th 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 last quarter. Finally, Swiss National Bank boosted its position in Strategy by 10.4% during the fourth quarter. Swiss National Bank now owns 517,000 shares of the software maker's stock valued at $149,734,000 after purchasing an additional 48,800 shares in the last quarter. Institutional investors own 59.84% of the company's stock.

Insider Activity at Strategy

In other news, CAO Jeanine Montgomery sold 481 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $329.27, for a total transaction of $158,378.87. Following the completion of the transaction, the chief accounting officer now directly owns 7,805 shares in the company, valued at approximately $2,569,952.35. This represents a 5.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Wei-Ming Shao acquired 500 shares of Strategy stock in a transaction that occurred on Thursday, March 20th. The stock was bought at an average price of $85.00 per share, for a total transaction of $42,500.00. Following the completion of the acquisition, the executive vice president now owns 500 shares in the company, valued at $42,500. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 8,000 shares of company stock valued at $680,000 and sold 32,998 shares valued at $10,821,926. 9.16% of the stock is currently owned by insiders.

Strategy Price Performance

NASDAQ MSTR traded up $5.54 during trading hours on Friday, hitting $317.20. 13,470,411 shares of the company's stock traded hands, compared to its average volume of 17,958,564. The company has a market capitalization of $81.63 billion, a PE ratio of -56.31 and a beta of 3.46. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. Strategy Incorporated has a 52-week low of $101.00 and a 52-week high of $543.00. The firm's 50-day moving average is $294.28 and its 200-day moving average is $309.73.

Strategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly earnings data 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%.

Analysts Set New Price Targets

MSTR has been the topic of a number of recent analyst reports. Barclays lowered their price target on shares of Strategy from $515.00 to $421.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Compass Point raised Strategy to a "strong-buy" rating in a research report on Wednesday, January 29th. Maxim Group boosted their target price on Strategy from $480.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Mizuho initiated coverage on Strategy in a research report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 target price on the stock. Finally, Keefe, Bruyette & Woods assumed coverage on Strategy in a research report on Friday, February 7th. They issued an "outperform" rating and a $560.00 target price on the stock. One 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's stock. According to MarketBeat, Strategy presently has a consensus rating of "Moderate Buy" and an average price target 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.