Strategy Incorporated (NASDAQ:MSTR) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its stake in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) by 49.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,907 shares of the software maker's stock after selling 15,755 shares during the quarter. Envestnet Asset Management Inc.'s holdings in Strategy were worth $4,607,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Maryland State Retirement & Pension System increased its position in Strategy by 0.3% during the fourth quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker's stock worth $2,604,000 after buying an additional 30 shares during the period. GPS Wealth Strategies Group LLC increased its holdings in shares of Strategy by 3.2% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker's stock valued at $324,000 after acquiring an additional 35 shares during the period. Versant Capital Management Inc grew its position in Strategy by 38.2% during the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker's stock worth $41,000 after purchasing an additional 39 shares during the last quarter. WR Wealth Planners LLC grew its position in Strategy by 22.6% during the 4th quarter. WR Wealth Planners LLC now owns 260 shares of the software maker's stock worth $75,000 after purchasing an additional 48 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. increased its stake in Strategy by 0.9% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 5,380 shares of the software maker's stock valued at $1,558,000 after purchasing an additional 50 shares during the period. Hedge funds and other institutional investors own 59.84% of the company's stock.

Strategy Price Performance

Shares of MSTR stock traded up $18.37 during mid-day trading on Friday, reaching $368.71. The stock had a trading volume of 19,291,754 shares, compared to its average volume of 18,058,637. The company has a market cap of $94.89 billion, a P/E ratio of -65.46 and a beta of 3.46. 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 Incorporated has a 12-month low of $101.00 and a 12-month high of $543.00. The business has a 50-day simple moving average of $295.57 and a 200 day simple moving average of $315.54.

Strategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($3.07). Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Barclays dropped their price target on Strategy from $515.00 to $421.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Cantor Fitzgerald increased their price target on Strategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Benchmark restated a "buy" rating and set a $650.00 price objective on shares of Strategy in a research report on Tuesday, January 14th. Maxim Group lifted 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. Finally, Mizuho began coverage on shares of Strategy in a report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 price target for the company. One analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $508.09.

Insider Activity at Strategy

In related news, CFO Andrew Kang acquired 1,500 shares of the business's 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 $127,500.00. Following the acquisition, the chief financial officer now directly owns 1,500 shares in the company, valued at approximately $127,500. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Jeanine Montgomery sold 481 shares of the firm'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 transaction of $158,378.87. Following the completion of the sale, the chief accounting officer now directly owns 7,805 shares in the company, valued at $2,569,952.35. This represents a 5.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 8,000 shares of company stock valued at $680,000 and have sold 34,698 shares valued at $11,403,343. Insiders own 9.16% of the company's stock.

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.