Armis Advisers LLC Buys New Holdings in Strategy Incorporated (NASDAQ:MSTR)

Armis Advisers LLC bought a new position in Strategy Incorporated (NASDAQ:MSTR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,588 shares of the software maker's stock, valued at approximately $460,000.

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

Analyst Ratings Changes

Several brokerages have recently issued reports on MSTR. Keefe, Bruyette & Woods initiated coverage on shares of Strategy in a report on Friday, February 7th. They issued an "outperform" rating and a $560.00 target price on the stock. Compass Point raised shares of Strategy to a "strong-buy" rating in a research note on Wednesday, January 29th. BTIG Research reaffirmed a "buy" rating on shares of Strategy in a research note on Wednesday, May 14th. Monness Crespi & Hardt downgraded shares of Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price objective for the company. in a research note on Tuesday, April 1st. Finally, Cantor Fitzgerald reaffirmed a "hold" rating on shares of Strategy in a research note on Monday, May 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $514.42.

Insiders Place Their Bets

In other Strategy news, CEO Phong Le bought 6,000 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were bought at an average price of $85.00 per share, with a total value of $510,000.00. Following the purchase, the chief executive officer now owns 6,000 shares of the company's stock, valued at $510,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Wei-Ming Shao bought 500 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were 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 disclosure for this purchase can be found here. Over the last three months, insiders have bought 8,000 shares of company stock valued at $680,000 and have sold 46,836 shares valued at $16,214,791. Insiders own 9.16% of the company's stock.

Strategy Stock Up 2.2%

Shares of NASDAQ:MSTR traded up $8.19 on Thursday, hitting $372.44. 5,658,497 shares of the company traded hands, compared to its average volume of 18,102,814. 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 $347.15 and a 200-day simple moving average of $342.15. The company has a market cap of $101.83 billion, a PE ratio of -65.95 and a beta of 3.79.

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

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.