Pinnacle Wealth Management LLC Acquires New Stake in Strategy Incorporated (NASDAQ:MSTR)

Pinnacle Wealth Management LLC bought a new position in Strategy Incorporated (NASDAQ:MSTR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,140 shares of the software maker's stock, valued at approximately $2,068,000. Strategy comprises about 2.3% of Pinnacle Wealth Management LLC's investment portfolio, making the stock its 21st biggest holding.

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

Strategy Trading Down 0.2%

Shares of MSTR stock traded down $0.78 on Tuesday, reaching $368.73. The company had a trading volume of 7,350,087 shares, compared to its average volume of 18,128,112. The stock has a market cap of $100.81 billion, a PE ratio of -65.65 and a beta of 3.79. The company has a 50-day moving average of $344.54 and a 200-day moving average of $341.79. 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 Incorporated has a 12 month low of $102.40 and a 12 month high of $543.00.

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

Insider Activity at Strategy

In other Strategy news, Director Leslie J. Rechan sold 15,000 shares of the business's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $335.90, for a total value of $5,038,500.00. Following the completion of the transaction, the director now directly owns 4,970 shares of the company's stock, valued at approximately $1,669,423. The trade was a 75.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Andrew Kang sold 5,638 shares of the stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $410.22, for a total value of $2,312,820.36. Following the completion of the sale, the chief financial officer now owns 22,077 shares of the company's stock, valued at $9,056,426.94. This trade represents a 20.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders bought 8,000 shares of company stock worth $680,000 and sold 46,836 shares worth $16,214,791. 9.16% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on MSTR shares. Keefe, Bruyette & Woods began coverage on shares of Strategy in a research report on Friday, February 7th. They set an "outperform" rating and a $560.00 target price on the stock. Monness Crespi & Hardt downgraded Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price objective on the stock. in a report on Tuesday, April 1st. Mizuho assumed coverage on Strategy in a research note on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 target price for the company. BTIG Research restated a "buy" rating on shares of Strategy in a research report on Wednesday, May 14th. Finally, Canaccord Genuity Group reiterated a "buy" rating on shares of Strategy in a report on Monday, May 19th. One 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 given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average 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.