Diligent Investors LLC Takes $735,000 Position in Strategy Incorporated (NASDAQ:MSTR)

Diligent Investors LLC bought a new position in Strategy Incorporated (NASDAQ:MSTR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,539 shares of the software maker's stock, valued at approximately $735,000.

Several other hedge funds have also recently modified their holdings of MSTR. Riverview Trust Co purchased a new stake in shares of Strategy during the 4th quarter valued at about $25,000. IAG Wealth Partners LLC purchased a new stake in Strategy in the fourth quarter worth approximately $25,000. Quadrant Capital Group LLC grew its position in Strategy by 855.6% in the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock worth $25,000 after purchasing an additional 77 shares during the period. Dunhill Financial LLC purchased a new stake in Strategy during the 4th quarter valued at $26,000. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Strategy by 422.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker's stock valued at $27,000 after buying an additional 76 shares during the period. Hedge funds and other institutional investors own 59.84% of the company's stock.

Insider Buying and Selling at Strategy

In related news, EVP Wei-Ming Shao bought 500 shares of the business's stock in a transaction dated Thursday, March 20th. The shares were purchased at an average price of $85.00 per share, with a total value of $42,500.00. Following the transaction, the executive vice president now owns 500 shares in the company, valued at $42,500. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Phong Le purchased 6,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was bought at an average price of $85.00 per share, with a total value of $510,000.00. Following the completion of the transaction, the chief executive officer now owns 6,000 shares of the company's stock, valued at $510,000. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 8,000 shares of company stock worth $680,000 and sold 40,098 shares worth $13,432,270. 9.16% of the stock is owned by company insiders.

Strategy Price Performance

NASDAQ MSTR traded up $1.55 on Friday, reaching $415.93. The company had a trading volume of 17,117,928 shares, compared to its average volume of 18,091,048. The stock has a market capitalization of $107.04 billion, a PE ratio of -73.84 and a beta of 3.79. Strategy Incorporated has a 12 month low of $102.40 and a 12 month high of $543.00. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The firm's 50 day moving average price is $318.40 and its 200 day moving average price is $328.50.

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

Analysts Set New Price Targets

MSTR has been the topic of a number of recent research reports. Barclays increased their target price on Strategy from $421.00 to $475.00 and gave the company an "overweight" rating in a report on Monday, May 5th. HC Wainwright assumed coverage on shares of Strategy in a report on Tuesday, April 29th. They issued a "buy" rating and a $480.00 price objective on the stock. Maxim Group upped their target price on shares of Strategy from $480.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Compass Point upgraded Strategy to a "strong-buy" rating in a research note on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods started coverage on Strategy in a research report on Friday, February 7th. They set an "outperform" rating and a $560.00 target price on the stock. One investment analyst has rated the stock with a sell rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $514.42.

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.