Captrust Financial Advisors Boosts Stock Holdings in Strategy Incorporated (NASDAQ:MSTR)

Captrust Financial Advisors lifted its holdings in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) by 68.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,050 shares of the software maker's stock after buying an additional 3,279 shares during the period. Captrust Financial Advisors' holdings in Strategy were worth $2,331,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in shares of 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 buying an additional 281,342 shares during the period. Norges Bank acquired a new stake in Strategy in the 4th quarter worth approximately $523,981,000. Northern Trust Corp lifted its position in Strategy by 24.4% during the 4th quarter. Northern Trust Corp now owns 1,076,185 shares of the software maker's stock worth $311,685,000 after acquiring an additional 210,997 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position 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 purchasing an additional 97,515 shares during the last quarter. Finally, Amundi lifted its holdings in shares of Strategy by 262.8% during 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 during the last quarter. 59.84% of the stock is owned by institutional investors.

Strategy Price Performance

Shares of NASDAQ:MSTR traded up $16.71 during midday trading on Tuesday, hitting $421.61. The stock had a trading volume of 12,896,655 shares, compared to its average volume of 18,116,542. The company's 50-day moving average price is $320.33 and its 200-day moving average price is $331.14. The company has a market capitalization of $115.27 billion, a P/E ratio of -74.85 and a beta of 3.79. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. Strategy Incorporated has a fifty-two week low of $102.40 and a fifty-two week high of $543.00.

Strategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The software maker reported ($16.49) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($16.47). Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%. The company had revenue of $111.07 million for the quarter, compared to analyst estimates of $116.66 million. During the same quarter in the prior year, the company earned ($0.83) earnings per share. Strategy's revenue for the quarter was down 3.6% compared to the same quarter last year.

Analyst Ratings Changes

MSTR has been the subject of several recent research reports. Canaccord Genuity Group upped their price target on Strategy from $409.00 to $464.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Keefe, Bruyette & Woods began coverage on shares of Strategy in a research note on Friday, February 7th. They issued an "outperform" rating and a $560.00 price objective for the company. Barclays increased their price objective on shares of Strategy from $421.00 to $475.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. Maxim Group increased their price target on shares of Strategy from $480.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Finally, Benchmark reissued a "buy" rating and issued a $650.00 target price on shares of Strategy in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $514.42.

Insider Activity

In other news, CAO Jeanine Montgomery sold 481 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $329.27, for a total value of $158,378.87. Following the transaction, the chief accounting officer now owns 7,805 shares in the company, valued at $2,569,952.35. The trade was a 5.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Andrew Kang purchased 1,500 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The stock was bought at an average cost of $85.00 per share, for a total transaction of $127,500.00. Following the completion of the acquisition, 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 disclosure for this purchase can be found here. Over the last quarter, insiders purchased 8,000 shares of company stock valued at $680,000 and sold 41,198 shares valued at $13,901,970. Insiders own 9.16% of the company's stock.

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.