Strive Asset Management LLC Purchases New Position in Strategy Incorporated (NASDAQ:MSTR)

Strive Asset Management LLC acquired a new position in Strategy Incorporated (NASDAQ:MSTR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,157 shares of the software maker's stock, valued at approximately $8,444,000. Strategy makes up 6.4% of Strive Asset Management LLC's portfolio, making the stock its 2nd largest holding.

Several other large investors also recently made changes to their positions in the business. Proficio Capital Partners LLC acquired a new position in Strategy during the 4th quarter worth $81,783,000. Clarity Capital Partners LLC lifted its position in Strategy by 122.3% in the 4th quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker's stock valued at $7,274,000 after purchasing an additional 13,817 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Strategy by 14.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker's stock valued at $220,626,000 after purchasing an additional 97,515 shares during the last quarter. Chung Wu Investment Group LLC bought a new stake in Strategy in the 4th quarter valued at about $850,000. Finally, Crew Capital Management Ltd. bought a new stake in shares of Strategy during the 4th quarter worth about $333,000. Institutional investors and hedge funds own 59.84% of the company's stock.

Strategy Stock Performance

NASDAQ:MSTR traded up $3.50 during trading hours on Tuesday, hitting $416.92. 11,421,774 shares of the company traded hands, compared to its average volume of 18,058,372. The stock has a market capitalization of $113.99 billion, a price-to-earnings ratio of -74.01 and a beta of 3.79. Strategy Incorporated has a twelve month low of $102.40 and a twelve month high of $543.00. The firm has a 50-day moving average of $334.23 and a 200 day moving average of $336.83. 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 (NASDAQ:MSTR - Get Free Report) last announced 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 business had revenue of $111.07 million during the quarter, compared to the consensus estimate 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 period last year, the firm earned ($0.83) EPS.

Insider Transactions at Strategy

In other Strategy news, CAO Jeanine Montgomery sold 481 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $329.27, for a total transaction of $158,378.87. Following the sale, the chief accounting officer now owns 7,805 shares of the company's stock, valued at $2,569,952.35. This represents a 5.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jarrod M. Patten sold 1,100 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $427.00, for a total transaction of $469,700.00. Following the transaction, the director now owns 9,170 shares in the company, valued at approximately $3,915,590. The trade was a 10.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have bought 8,000 shares of company stock valued at $680,000 and have sold 41,198 shares valued at $13,901,970. 9.16% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on MSTR. Compass Point upgraded shares of Strategy to a "strong-buy" rating in a research report on Wednesday, January 29th. HC Wainwright began coverage on shares of Strategy in a research report on Tuesday, April 29th. They set a "buy" rating and a $480.00 price target on the stock. UBS Group restated a "buy" rating on shares of Strategy in a research report on Friday. Maxim Group boosted their target price on shares of Strategy from $480.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Finally, Canaccord Genuity Group reiterated a "buy" rating on shares of Strategy in a report on Monday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $514.42.

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.