111 Capital Acquires New Position in Strategy Incorporated (NASDAQ:MSTR)

111 Capital acquired a new stake in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,130 shares of the software maker's stock, valued at approximately $907,000.

Several other institutional investors and hedge funds have also bought and sold shares of MSTR. Norges Bank bought a new position in Strategy during the 4th quarter worth approximately $523,981,000. Amundi grew its position in shares of Strategy by 262.8% in the 4th quarter. Amundi now owns 570,217 shares of the software maker's stock worth $165,146,000 after buying an additional 413,028 shares during the last quarter. First Trust Advisors LP grew its position in shares of Strategy by 266.1% in the 4th quarter. First Trust Advisors LP now owns 417,574 shares of the software maker's stock worth $120,938,000 after buying an additional 303,517 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Strategy in the 4th quarter worth approximately $81,783,000. Finally, Geode Capital Management LLC grew its position in shares of Strategy by 10.2% in the 4th quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker's stock worth $881,470,000 after buying an additional 281,342 shares during the last quarter. 59.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MSTR. Mizuho began coverage on Strategy in a research report on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 price objective on the stock. UBS Group reiterated a "buy" rating on shares of Strategy in a research report on Friday, May 16th. BTIG Research reiterated a "buy" rating on shares of Strategy in a research report on Wednesday, May 14th. Monness Crespi & Hardt cut Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price target on the stock. in a research note on Tuesday, April 1st. Finally, HC Wainwright initiated coverage on Strategy in a report on Tuesday, April 29th. They issued a "buy" rating and a $480.00 price objective for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $514.42.

Insiders Place Their Bets

In other news, EVP Wei-Ming Shao purchased 500 shares of the business's stock in a transaction on Thursday, March 20th. The stock was acquired at an average cost of $85.00 per share, for a total transaction of $42,500.00. Following the purchase, the executive vice president now directly owns 500 shares in the company, valued at $42,500. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Leslie J. Rechan sold 15,000 shares of the business's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total value of $5,038,500.00. Following the sale, the director now owns 4,970 shares of the company's stock, valued at approximately $1,669,423. This represents a 75.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 18,000 shares of company stock valued at $1,693,800 and sold 47,486 shares valued at $16,456,090. 9.16% of the stock is owned by insiders.

Strategy Stock Up 1.8%

Shares of NASDAQ:MSTR traded up $6.38 on Thursday, hitting $370.63. 10,172,094 shares of the company traded hands, compared to its average volume of 18,161,635. Strategy Incorporated has a 52 week low of $102.40 and a 52 week 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 stock has a 50 day simple moving average of $347.85 and a 200-day simple moving average of $342.36. The company has a market cap of $101.33 billion, a PE ratio of -65.80 and a beta of 3.79.

Strategy (NASDAQ:MSTR - Get Free Report) last issued its 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). Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%. The business had revenue of $111.07 million during the quarter, compared to analysts' expectations of $116.66 million. During the same period last year, the firm posted ($0.83) EPS. Strategy's quarterly revenue was down 3.6% compared to the same quarter last year.

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.