Ensign Peak Advisors Inc Buys 35,143 Shares of Strategy Incorporated (NASDAQ:MSTR)

Ensign Peak Advisors Inc lifted its stake in Strategy Incorporated (NASDAQ:MSTR - Free Report) by 55.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 98,403 shares of the software maker's stock after acquiring an additional 35,143 shares during the period. Ensign Peak Advisors Inc's holdings in Strategy were worth $28,499,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Riverview Trust Co acquired a new position in Strategy during the 4th quarter worth about $25,000. IAG Wealth Partners LLC acquired a new stake in Strategy in the 4th quarter valued at $25,000. Quadrant Capital Group LLC boosted its stake in shares of Strategy by 855.6% during the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock worth $25,000 after buying an additional 77 shares during the last quarter. Dunhill Financial LLC bought a new position in shares of Strategy in the 4th quarter valued at about $26,000. Finally, Parkside Financial Bank & Trust boosted its position in Strategy by 422.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker's stock valued at $27,000 after purchasing an additional 76 shares during the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MSTR has been the subject of several research analyst reports. BTIG Research reaffirmed a "buy" rating on shares of Strategy in a report on Wednesday. Keefe, Bruyette & Woods assumed coverage on Strategy in a report on Friday, February 7th. They issued an "outperform" rating and a $560.00 price objective on the stock. Maxim Group lifted their target price on Strategy from $480.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Canaccord Genuity Group boosted their target price on shares of Strategy from $409.00 to $464.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, Monness Crespi & Hardt lowered 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. 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $514.42.

Insider Activity

In related news, Director Jarrod M. Patten sold 1,100 shares of Strategy stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $427.00, for a total value of $469,700.00. Following the sale, the director now owns 9,170 shares of the company's stock, valued at approximately $3,915,590. The trade was a 10.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jeanine Montgomery sold 481 shares of the business's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $329.27, for a total transaction of $158,378.87. Following the transaction, the chief accounting officer now owns 7,805 shares in the company, valued at approximately $2,569,952.35. The trade was a 5.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 8,000 shares of company stock worth $680,000 and sold 41,198 shares worth $13,901,970. Corporate insiders own 9.16% of the company's stock.

Strategy Stock Performance

Shares of NASDAQ:MSTR traded down $17.68 on Thursday, hitting $399.07. The company's stock had a trading volume of 9,218,862 shares, compared to its average volume of 18,089,205. The stock's 50-day moving average is $325.27 and its two-hundred day moving average is $332.36. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The company has a market capitalization of $109.11 billion, a price-to-earnings ratio of -71.06 and a beta of 3.79. Strategy Incorporated has a 12 month low of $102.40 and a 12 month high of $543.00.

Strategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($16.47). The company had revenue of $111.07 million during 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 revenue for the quarter was down 3.6% on a year-over-year basis. During the same period last year, the company earned ($0.83) earnings per share.

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.