Collar Capital Management LLC Acquires Shares of 22,684 Strategy Incorporated (NASDAQ:MSTR)

Collar Capital Management LLC purchased a new position in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,684 shares of the software maker's stock, valued at approximately $6,570,000. Strategy comprises about 5.5% of Collar Capital Management LLC's investment portfolio, making the stock its 2nd largest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MSTR. CoreCap Advisors LLC boosted its stake in shares of Strategy by 69.3% in the fourth quarter. CoreCap Advisors LLC now owns 1,244 shares of the software maker's stock worth $360,000 after acquiring an additional 509 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Strategy by 1.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 110,686 shares of the software maker's stock valued at $32,057,000 after purchasing an additional 1,125 shares in the last quarter. BOKF NA acquired a new stake in Strategy during the 4th quarter worth $782,000. Bramshill Investments LLC purchased a new stake in shares of Strategy during the fourth quarter worth $434,000. Finally, Bulltick Wealth Management LLC purchased a new position in shares of Strategy in the fourth quarter worth about $430,000. 59.84% of the stock is owned by hedge funds and other institutional investors.

Strategy Stock Performance

NASDAQ MSTR opened at $385.86 on Wednesday. The company has a market cap of $99.30 billion, a P/E ratio of -68.50 and a beta of 3.79. Strategy Incorporated has a 1-year low of $102.40 and a 1-year high of $543.00. 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 has a 50-day moving average of $309.58 and a two-hundred day moving average of $325.34.

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MSTR. Benchmark reissued a "buy" rating and issued a $650.00 target price on shares of Strategy in a research note on Tuesday, January 14th. HC Wainwright started coverage on Strategy in a research report on Tuesday, April 29th. They set a "buy" rating and a $480.00 price objective on the stock. Compass Point upgraded Strategy to a "strong-buy" rating in a report on Wednesday, January 29th. Canaccord Genuity Group lifted their price target on Strategy from $409.00 to $464.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Finally, Barclays upped their price objective on shares of Strategy from $421.00 to $475.00 and gave the company an "overweight" rating in a report on Monday. One analyst has rated the stock with a sell rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $514.42.

Insiders Place Their Bets

In other Strategy news, CFO Andrew Kang bought 1,500 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The shares were purchased at an average price of $85.00 per share, with a total value of $127,500.00. Following the completion of the acquisition, the chief financial officer now directly owns 1,500 shares of the company's stock, valued at $127,500. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jeanine Montgomery sold 481 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $329.27, for a total value of $158,378.87. Following the sale, the chief accounting officer now directly owns 7,805 shares in the company, valued at $2,569,952.35. This trade represents a 5.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 8,000 shares of company stock worth $680,000 and have sold 37,798 shares worth $12,535,866. 9.16% of the stock is owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.