BlueCrest Capital Management Ltd Takes $1.43 Million Position in Strategy Incorporated (NASDAQ:MSTR)

BlueCrest Capital Management Ltd acquired a new stake in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,942 shares of the software maker's stock, valued at approximately $1,431,000.

Several other hedge funds have also recently made changes to their positions in the stock. Norges Bank purchased a new stake in Strategy during the 4th quarter valued at $523,981,000. Amundi grew its holdings 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 acquiring an additional 413,028 shares during the period. First Trust Advisors LP increased its position in Strategy by 266.1% during the fourth quarter. First Trust Advisors LP now owns 417,574 shares of the software maker's stock valued at $120,938,000 after acquiring an additional 303,517 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Strategy in the fourth quarter valued at about $81,783,000. Finally, Geode Capital Management LLC boosted its position 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 during the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

Strategy Price Performance

MSTR traded up $12.77 during trading on Friday, reaching $394.37. 15,899,263 shares of the company traded hands, compared to its average volume of 18,029,235. The company has a market cap of $101.49 billion, a P/E ratio of -70.01 and a beta of 3.79. 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 12-month low of $102.40 and a 12-month high of $543.00. The firm has a fifty day simple moving average of $304.20 and a 200 day simple moving average of $321.93.

Strategy (NASDAQ:MSTR - Get Free Report) last posted its earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($16.47). The company had revenue of $111.07 million for the quarter, compared to analysts' expectations of $116.66 million. Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%. The business's revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.83) earnings per share.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MSTR. HC Wainwright assumed coverage on shares of Strategy in a research note on Tuesday. They issued a "buy" rating and a $480.00 price objective on the stock. Monness Crespi & Hardt downgraded shares of Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price target on the stock. in a research report on Tuesday, April 1st. Mizuho began coverage on shares of Strategy in a research report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 price objective for the company. Cantor Fitzgerald upped their price objective on Strategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Finally, Compass Point upgraded Strategy to a "strong-buy" rating in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $510.33.

Insider Transactions at Strategy

In other news, CFO Andrew Kang acquired 1,500 shares of Strategy stock in a transaction on Thursday, March 20th. The shares were acquired at an average price of $85.00 per share, with a total value of $127,500.00. Following the purchase, the chief financial officer now directly owns 1,500 shares in the company, valued at $127,500. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jarrod M. Patten sold 1,700 shares of the stock in a transaction that occurred on Tuesday, April 22nd. The shares were sold at an average price of $342.01, for a total value of $581,417.00. Following the transaction, the director now owns 4,970 shares of the company's stock, valued at $1,699,789.70. This represents a 25.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have bought 8,000 shares of company stock valued at $680,000 and have sold 37,798 shares valued at $12,535,866. Insiders own 9.16% of the company's stock.

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.