Strategy Incorporated (NASDAQ:MSTR) is Eschler Asset Management LLP's 4th Largest Position

Eschler Asset Management LLP cut its holdings in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) by 83.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,750 shares of the software maker's stock after selling 50,250 shares during the period. Strategy accounts for approximately 6.6% of Eschler Asset Management LLP's holdings, making the stock its 4th biggest holding. Eschler Asset Management LLP's holdings in Strategy were worth $2,824,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Franklin Resources Inc. lifted its stake in Strategy by 3.3% in the third quarter. Franklin Resources Inc. now owns 4,248 shares of the software maker's stock valued at $716,000 after buying an additional 135 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in Strategy during the 3rd quarter worth about $254,000. GAMMA Investing LLC lifted its holdings in shares of Strategy by 56.5% in the fourth quarter. GAMMA Investing LLC now owns 562 shares of the software maker's stock valued at $163,000 after purchasing an additional 203 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Strategy by 28.9% during the fourth quarter. Nordea Investment Management AB now owns 14,505 shares of the software maker's stock worth $4,395,000 after buying an additional 3,255 shares in the last quarter. Finally, CWA Asset Management Group LLC acquired a new stake in Strategy in the 4th quarter valued at approximately $417,000. 59.84% of the stock is owned by institutional investors.

Insider Activity at Strategy

In other news, CFO Andrew Kang bought 1,500 shares of the company's stock in a transaction on Thursday, March 20th. The shares were acquired at an average cost of $85.00 per share, with a total value of $127,500.00. Following the completion of the transaction, the chief financial officer now owns 1,500 shares of the company's stock, valued at approximately $127,500. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Leslie J. Rechan sold 15,000 shares of the company's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the sale, the director now directly owns 4,970 shares of the company's stock, valued at $1,669,423. The trade was a 75.11 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 8,000 shares of company stock valued at $680,000 and have sold 40,098 shares valued at $13,432,270. 9.16% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently commented on MSTR. Benchmark reissued a "buy" rating and issued a $650.00 price objective on shares of Strategy in a report on Tuesday, January 14th. HC Wainwright initiated coverage on shares of Strategy in a research note on Tuesday, April 29th. They set a "buy" rating and a $480.00 price objective on the stock. Compass Point upgraded shares of Strategy to a "strong-buy" rating in a research note on Wednesday, January 29th. Canaccord Genuity Group boosted their price target on Strategy from $409.00 to $464.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Finally, Barclays lifted their target price on Strategy from $421.00 to $475.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. One equities research 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 stock. According to data from MarketBeat.com, Strategy presently has a consensus rating of "Moderate Buy" and an average target price of $514.42.

Strategy Stock Up 0.4 %

MSTR stock traded up $1.55 during midday trading on Friday, hitting $415.93. The stock had a trading volume of 17,117,928 shares, compared to its average volume of 18,107,323. The business has a 50-day moving average of $318.40 and a two-hundred day moving average of $329.30. 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 firm has a market cap of $107.04 billion, a price-to-earnings ratio of -73.84 and a beta of 3.79. Strategy Incorporated has a 52-week low of $102.40 and a 52-week high of $543.00.

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). The company had revenue of $111.07 million during the quarter, compared to analysts' expectations of $116.66 million. Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%. Strategy's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.83) EPS.

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.