Cresset Asset Management LLC Sells 11,993 Shares of Strategy Incorporated (NASDAQ:MSTR)

Cresset Asset Management LLC trimmed its stake in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) by 29.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,159 shares of the software maker's stock after selling 11,993 shares during the quarter. Cresset Asset Management LLC's holdings in Strategy were worth $8,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. raised its stake in shares of Strategy by 1.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 110,686 shares of the software maker's stock valued at $32,057,000 after acquiring an additional 1,125 shares during the last quarter. BOKF NA purchased a new position in Strategy during the 4th quarter valued at about $782,000. Bramshill Investments LLC purchased a new stake in Strategy in the 4th quarter worth approximately $434,000. Bulltick Wealth Management LLC bought a new stake in shares of Strategy in the 4th quarter worth approximately $430,000. Finally, Captrust Financial Advisors increased its stake in shares of Strategy by 68.7% during the fourth quarter. Captrust Financial Advisors now owns 8,050 shares of the software maker's stock valued at $2,331,000 after buying an additional 3,279 shares during the period. 59.84% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Strategy

In other Strategy news, CFO Andrew Kang bought 1,500 shares of Strategy stock in a transaction on Thursday, March 20th. The stock was acquired at an average price of $85.00 per share, with a total value of $127,500.00. Following the acquisition, the chief financial officer now owns 1,500 shares in the company, valued at approximately $127,500. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Wei-Ming Shao purchased 500 shares of the stock in a transaction dated Thursday, March 20th. The shares were acquired at an average cost 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 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 90 days, insiders have bought 8,000 shares of company stock worth $680,000 and have sold 40,098 shares worth $13,432,270. Insiders own 9.16% of the company's stock.

Strategy Stock Up 0.4 %

NASDAQ:MSTR traded up $1.55 during trading hours on Friday, reaching $415.93. 17,117,928 shares of the company traded hands, compared to its average volume of 18,091,099. Strategy Incorporated has a 1 year low of $102.40 and a 1 year high of $543.00. The stock has a market capitalization of $107.04 billion, a P/E ratio of -73.84 and a beta of 3.79. The business's 50-day moving average price is $318.40 and its two-hundred day moving average price is $328.50. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

Strategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $116.66 million. During the same period in the prior year, the firm earned ($0.83) EPS. Strategy's revenue for the quarter was down 3.6% compared to the same quarter last year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MSTR. Benchmark reaffirmed a "buy" rating and issued a $650.00 price target on shares of Strategy in a research note on Tuesday, January 14th. Cantor Fitzgerald cut their target price on shares of Strategy from $619.00 to $614.00 and set an "overweight" rating on the stock in a research note on Monday. Barclays increased their price target on shares of Strategy from $421.00 to $475.00 and gave the stock an "overweight" rating in a research note on Monday. Maxim Group lifted their price objective on Strategy from $480.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Finally, Canaccord Genuity Group increased their target price on Strategy from $409.00 to $464.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $514.42.

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.