1,765 Shares in Strategy Incorporated (NASDAQ:MSTR) Purchased by Castle Rock Wealth Management LLC

Castle Rock Wealth Management LLC purchased a new position in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,765 shares of the software maker's stock, valued at approximately $511,000.

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

Strategy Price Performance

MSTR stock traded up $6.38 during midday trading on Thursday, hitting $370.63. 10,172,094 shares of the stock were exchanged, compared to its average volume of 18,118,444. The stock's 50-day moving average price is $347.15 and its 200-day moving average price is $342.15. 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 stock has a market cap of $101.33 billion, a price-to-earnings ratio of -65.80 and a beta of 3.79. Strategy Incorporated has a fifty-two week low of $102.40 and a fifty-two week high of $543.00.

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

Wall Street Analysts Forecast Growth

MSTR has been the topic of a number of recent analyst reports. 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 note on Tuesday, April 1st. Barclays reaffirmed a "hold" rating on shares of Strategy in a report on Monday, May 19th. Cantor Fitzgerald reiterated a "hold" rating on shares of Strategy in a research report on Monday, May 19th. BTIG Research reissued a "buy" rating on shares of Strategy in a research note on Wednesday, May 14th. Finally, Canaccord Genuity Group restated a "buy" rating on shares of Strategy in a research note on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $514.42.

Insider Activity at Strategy

In other Strategy news, Director Jarrod M. Patten sold 1,100 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $427.00, for a total transaction of $469,700.00. Following the completion of the transaction, the director now owns 9,170 shares of the company's stock, valued at approximately $3,915,590. This trade represents a 10.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 value of $158,378.87. Following the completion of the transaction, the chief accounting officer now directly owns 7,805 shares of the company's stock, valued at approximately $2,569,952.35. This trade represents a 5.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have acquired 18,000 shares of company stock valued at $1,693,800 and have sold 47,486 shares valued at $16,456,090. 9.16% of the stock is owned by corporate insiders.

Strategy Company 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.