Tradition Wealth Management LLC Buys New Shares in Strategy Incorporated (NASDAQ:MSTR)

Tradition Wealth Management LLC acquired a new stake in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,298 shares of the software maker's stock, valued at approximately $376,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in Strategy by 10.2% in the fourth quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker's stock worth $881,470,000 after purchasing an additional 281,342 shares in the last quarter. Norges Bank bought a new stake in shares of Strategy during the 4th quarter worth about $523,981,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Strategy by 14.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker's stock worth $220,626,000 after acquiring an additional 97,515 shares in the last quarter. Amundi increased its holdings in shares of 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 acquiring an additional 413,028 shares during the last quarter. Finally, Swiss National Bank raised its stake in shares of Strategy by 10.4% in the 4th quarter. Swiss National Bank now owns 517,000 shares of the software maker's stock valued at $149,734,000 after acquiring an additional 48,800 shares in the last quarter. Hedge funds and other institutional investors own 59.84% of the company's stock.

Strategy Price Performance

Shares of NASDAQ:MSTR traded up $18.37 on Friday, hitting $368.71. The stock had a trading volume of 19,291,754 shares, compared to its average volume of 18,058,637. The firm's 50 day moving average price is $295.57 and its 200-day moving average price is $315.54. 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 company has a market capitalization of $94.89 billion, a price-to-earnings ratio of -65.46 and a beta of 3.46.

Strategy (NASDAQ:MSTR - Get Free Report) last announced its earnings results on Wednesday, February 5th. The software maker reported ($3.20) EPS 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%.

Insider Activity

In other news, EVP Wei-Ming Shao purchased 500 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was bought 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 of the company's stock, valued at approximately $42,500. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Andrew Kang purchased 1,500 shares of the stock in a transaction on Thursday, March 20th. The stock was acquired at an average price of $85.00 per share, with a total value of $127,500.00. Following the completion of the acquisition, the chief financial officer now directly owns 1,500 shares of the company's stock, valued at approximately $127,500. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 8,000 shares of company stock valued at $680,000 and have sold 34,698 shares valued at $11,403,343. Insiders own 9.16% of the company's stock.

Wall Street Analyst Weigh In

MSTR has been the subject of a number of analyst reports. Benchmark restated a "buy" rating and issued a $650.00 price objective on shares of Strategy in a research note on Tuesday, January 14th. Canaccord Genuity Group cut their target price on shares of Strategy from $510.00 to $409.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Maxim Group raised their price target on Strategy from $480.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Mizuho began coverage on Strategy in a research report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 price objective for the company. Finally, Monness Crespi & Hardt lowered Strategy from a "neutral" rating to a "sell" rating and set a $220.00 target price on the stock. in a report on Tuesday, April 1st. One investment 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. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $508.09.

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.