904 Shares in Strategy Incorporated (NASDAQ:MSTR) Bought by Novak & Powell Financial Services Inc.

Novak & Powell Financial Services Inc. purchased a new stake in Strategy Incorporated (NASDAQ:MSTR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 904 shares of the software maker's stock, valued at approximately $262,000.

A number of other hedge funds also recently bought and sold shares of the stock. Franklin Resources Inc. increased its stake in shares of Strategy by 3.3% during the third quarter. Franklin Resources Inc. now owns 4,248 shares of the software maker's stock worth $716,000 after buying an additional 135 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Strategy by 94.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 4,988 shares of the software maker's stock valued at $1,445,000 after purchasing an additional 2,423 shares during the last quarter. HB Wealth Management LLC raised its holdings in shares of Strategy by 45.7% in the 4th quarter. HB Wealth Management LLC now owns 2,737 shares of the software maker's stock valued at $797,000 after purchasing an additional 858 shares in the last quarter. Diversify Wealth Management LLC acquired a new stake in shares of Strategy in the 4th quarter valued at $1,271,000. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Strategy by 3.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,083 shares of the software maker's stock worth $603,000 after purchasing an additional 65 shares during the last quarter. Institutional investors and hedge funds own 59.84% of the company's stock.

Insiders Place Their Bets

In other news, EVP Wei-Ming Shao purchased 500 shares of the company's stock in a transaction dated 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 completion of the purchase, the executive vice president now directly owns 500 shares in the company, valued at $42,500. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jeanine Montgomery sold 481 shares of the business's stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 7,805 shares in the company, valued at $2,569,952.35. The trade was a 5.80% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have acquired 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 currently owned by insiders.

Strategy Trading Up 0.8%

NASDAQ:MSTR opened at $416.92 on Wednesday. The company has a market capitalization of $113.99 billion, a PE ratio of -74.01 and a beta of 3.79. Strategy Incorporated has a 52-week low of $102.40 and a 52-week high of $543.00. The stock's 50 day moving average price is $337.30 and its 200 day moving average price is $337.39. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39.

Strategy (NASDAQ:MSTR - Get Free Report) last announced its earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $116.66 million. During the same quarter last year, the business posted ($0.83) earnings per share. The business's revenue was down 3.6% on a year-over-year basis.

Analyst Upgrades and Downgrades

Several research firms recently commented on MSTR. HC Wainwright assumed coverage on Strategy in a report on Tuesday, April 29th. They issued a "buy" rating and a $480.00 target price on the stock. UBS Group reiterated a "buy" rating on shares of Strategy in a report on Friday, May 16th. Monness Crespi & Hardt cut Strategy from a "neutral" rating to a "sell" rating and set a $220.00 target price for the company. in a research note on Tuesday, April 1st. Compass Point raised Strategy to a "strong-buy" rating in a report on Wednesday, January 29th. Finally, Barclays reissued a "hold" rating on shares of Strategy in a report on Monday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $514.42.

About Strategy

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.

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