Wedbush Securities Inc. Buys 928 Shares of Strategy Incorporated (NASDAQ:MSTR)

Wedbush Securities Inc. boosted its position in Strategy Incorporated (NASDAQ:MSTR - Free Report) by 12.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,673 shares of the software maker's stock after acquiring an additional 928 shares during the period. Wedbush Securities Inc.'s holdings in Strategy were worth $2,512,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in shares of Strategy by 990.6% during the third quarter. Geode Capital Management LLC now owns 2,766,283 shares of the software maker's stock valued at $465,573,000 after acquiring an additional 2,512,645 shares in the last quarter. Norges Bank purchased a new position in shares of Strategy in the 4th quarter worth about $523,981,000. Amundi lifted its stake in shares of Strategy by 262.8% in the fourth quarter. Amundi now owns 570,217 shares of the software maker's stock worth $165,146,000 after buying an additional 413,028 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Strategy in the 4th quarter valued at approximately $81,783,000. Finally, Virtu Financial LLC boosted its position in shares of Strategy by 10,398.4% during the third quarter. Virtu Financial LLC now owns 224,245 shares of the software maker's stock valued at $37,808,000 after buying an additional 222,109 shares during the last quarter. Hedge funds and other institutional investors own 59.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MSTR shares. Cantor Fitzgerald raised their target price on shares of Strategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Benchmark reiterated a "buy" rating and set a $650.00 target price on shares of Strategy in a research report on Tuesday, January 14th. 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. Sanford C. Bernstein reiterated an "outperform" rating and set a $600.00 price objective on shares of Strategy in a research note on Thursday, December 12th. Finally, Canaccord Genuity Group reduced their target price 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 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $508.09.

Insider Activity at Strategy

In other Strategy news, Director Leslie J. Rechan sold 15,000 shares of the stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the completion of the transaction, the director now owns 4,970 shares in the company, valued at $1,669,423. This trade represents a 75.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Wei-Ming Shao acquired 500 shares of the company's stock in a transaction on 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 completion of the purchase, the executive vice president now directly owns 500 shares in the company, valued at approximately $42,500. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders bought 8,000 shares of company stock valued at $680,000 and sold 22,998 shares valued at $7,671,926. 9.16% of the stock is owned by corporate insiders.

Strategy Price Performance

Shares of MSTR stock traded up $8.33 during mid-day trading on Wednesday, hitting $246.28. The company had a trading volume of 11,145,969 shares, compared to its average volume of 17,873,236. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The stock's 50 day moving average price is $299.88 and its 200-day moving average price is $302.84. Strategy Incorporated has a 52-week low of $101.00 and a 52-week high of $543.00. The company has a market capitalization of $63.38 billion, a P/E ratio of -43.54 and a beta of 3.46.

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

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.