Treasurer of the State of North Carolina Increases Position in Strategy Incorporated (NASDAQ:MSTR)

Treasurer of the State of North Carolina raised its position in Strategy Incorporated (NASDAQ:MSTR - Free Report) by 8.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,640 shares of the software maker's stock after purchasing an additional 6,010 shares during the quarter. Treasurer of the State of North Carolina's holdings in Strategy were worth $22,196,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Garden State Investment Advisory Services LLC grew its position 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 buying an additional 2,392 shares in the last quarter. Janus Henderson Group PLC grew its stake in Strategy by 1,362.5% in the third quarter. Janus Henderson Group PLC now owns 11,700 shares of the software maker's stock valued at $1,973,000 after purchasing an additional 10,900 shares during the last quarter. Quantinno Capital Management LP bought a new position in Strategy in the third quarter worth about $282,000. Wellington Management Group LLP lifted its position in shares of Strategy by 979.8% during the third quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker's stock valued at $1,134,000 after buying an additional 6,104 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new stake in Strategy during the third quarter valued at approximately $447,000. Institutional investors own 59.84% of the company's stock.

Insider Activity at Strategy

In other Strategy news, EVP Wei-Ming Shao bought 500 shares of Strategy stock in a transaction dated Thursday, March 20th. The stock was acquired at an average cost of $85.00 per share, with a total value of $42,500.00. Following the purchase, the executive vice president now directly owns 500 shares in the company, valued at $42,500. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Jeanine Montgomery sold 481 shares of Strategy stock in a transaction on Monday, March 24th. The shares were sold at an average price of $329.27, for a total transaction of $158,378.87. Following the completion of the sale, the chief accounting officer now directly owns 7,805 shares in the company, valued at $2,569,952.35. This represents a 5.80 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 8,000 shares of company stock worth $680,000 and sold 22,998 shares worth $7,671,926. 9.16% of the stock is owned by company insiders.

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Strategy Stock Performance

Strategy stock traded up $12.24 during midday trading on Monday, hitting $312.22. 12,084,912 shares of the company were exchanged, compared to its average volume of 18,021,270. Strategy Incorporated has a fifty-two week low of $101.00 and a fifty-two week high of $543.00. The firm has a market capitalization of $80.35 billion, a PE ratio of -55.43 and a beta of 3.46. The business has a fifty day simple moving average of $295.80 and a two-hundred day simple moving average of $306.65. 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 (NASDAQ:MSTR - Get Free Report) last announced 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%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Maxim Group upped their price target on Strategy from $480.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Barclays decreased their price target on Strategy from $515.00 to $421.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Benchmark restated a "buy" rating and set a $650.00 price objective on shares of Strategy in a report on Tuesday, January 14th. Keefe, Bruyette & Woods started coverage on shares of Strategy in a research note on Friday, February 7th. They issued an "outperform" rating and a $560.00 target price for the company. Finally, Canaccord Genuity Group decreased their price target on shares of Strategy from $510.00 to $409.00 and set a "buy" rating for the company in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price 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.