AlTi Global Inc. Makes New $811,000 Investment in Strategy Incorporated (NASDAQ:MSTR)

AlTi Global Inc. bought a new position in Strategy Incorporated (NASDAQ:MSTR - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 2,800 shares of the software maker's stock, valued at approximately $811,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Maryland State Retirement & Pension System grew its position in Strategy by 0.3% in the 4th quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker's stock valued at $2,604,000 after acquiring an additional 30 shares in the last quarter. GPS Wealth Strategies Group LLC grew its holdings in shares of Strategy by 3.2% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker's stock valued at $324,000 after purchasing an additional 35 shares in the last quarter. Oder Investment Management LLC increased its stake in Strategy by 3.1% during the 4th quarter. Oder Investment Management LLC now owns 1,268 shares of the software maker's stock worth $367,000 after buying an additional 38 shares during the period. Versant Capital Management Inc raised its stake in shares of Strategy by 38.2% in the fourth quarter. Versant Capital Management Inc now owns 141 shares of the software maker's stock valued at $41,000 after acquiring an additional 39 shares in the last quarter. Finally, WR Wealth Planners LLC grew its position in shares of Strategy by 22.6% during the fourth quarter. WR Wealth Planners LLC now owns 260 shares of the software maker's stock worth $75,000 after buying an additional 48 shares in the last quarter. Institutional investors and hedge funds own 59.84% of the company's stock.

Strategy Stock Performance

MSTR traded down $0.67 during trading on Tuesday, reaching $385.86. The company's stock had a trading volume of 9,411,527 shares, compared to its average volume of 17,991,107. Strategy Incorporated has a 52-week low of $102.40 and a 52-week high of $543.00. The company has a market capitalization of $99.30 billion, a price-to-earnings ratio of -68.50 and a beta of 3.79. The company's fifty day moving average price is $306.66 and its 200-day moving average price is $324.92. 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 issued its quarterly earnings data on Thursday, May 1st. The software maker reported ($16.49) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($16.47). The business had revenue of $111.07 million for the quarter, compared to analysts' expectations of $116.66 million. Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%. The company's revenue for the quarter was down 3.6% on a year-over-year basis. During the same period last year, the business earned ($0.83) earnings per share.

Insider Activity at Strategy

In other news, EVP Wei-Ming Shao bought 500 shares of Strategy stock in a transaction that occurred on Thursday, March 20th. The shares were purchased 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 of the company's stock, valued at $42,500. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jarrod M. Patten sold 3,100 shares of the stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $365.33, for a total transaction of $1,132,523.00. Following the sale, the director now directly owns 4,970 shares of the company's stock, valued at approximately $1,815,690.10. This trade represents a 38.41 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 8,000 shares of company stock worth $680,000 and sold 37,798 shares worth $12,535,866. Insiders own 9.16% of the company's stock.

Analyst Upgrades and Downgrades

MSTR has been the subject of several analyst reports. HC Wainwright began coverage on Strategy in a research report on Tuesday, April 29th. They set a "buy" rating and a $480.00 price objective for the company. Cantor Fitzgerald cut their price objective on shares of Strategy from $619.00 to $614.00 and set an "overweight" rating on the stock in a report on Monday. Benchmark restated a "buy" rating and issued a $650.00 target price on shares of Strategy in a report on Tuesday, January 14th. Keefe, Bruyette & Woods initiated coverage on shares of Strategy in a research note on Friday, February 7th. They set an "outperform" rating and a $560.00 price target on the stock. Finally, Barclays raised their price objective on Strategy from $421.00 to $475.00 and gave the stock an "overweight" rating in a report on Monday. One investment analyst has rated the stock with a sell rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $514.42.

About Strategy

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.