AdvisorNet Financial Inc Has $1.63 Million Holdings in Strategy Incorporated (NASDAQ:MSTR)

AdvisorNet Financial Inc increased its position in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) by 29.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,651 shares of the software maker's stock after purchasing an additional 1,270 shares during the period. AdvisorNet Financial Inc's holdings in Strategy were worth $1,629,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MSTR. Norges Bank acquired a new position in shares of Strategy during the fourth quarter worth about $523,981,000. Amundi raised its holdings in shares of Strategy by 262.8% during the 4th quarter. Amundi now owns 570,217 shares of the software maker's stock worth $165,146,000 after buying an additional 413,028 shares in the last quarter. First Trust Advisors LP grew its position in Strategy by 266.1% during the 4th quarter. First Trust Advisors LP now owns 417,574 shares of the software maker's stock worth $120,938,000 after acquiring an additional 303,517 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Strategy during the fourth quarter worth $81,783,000. Finally, Geode Capital Management LLC increased its position in Strategy by 10.2% during the 4th quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker's stock valued at $881,470,000 after purchasing an additional 281,342 shares during the period. 59.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Jarrod M. Patten bought 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was acquired at an average cost of $101.38 per share, with a total value of $1,013,800.00. Following the completion of the purchase, the director now owns 10,000 shares of the company's stock, valued at $1,013,800. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Wei-Ming Shao acquired 500 shares of the firm's stock in a transaction on Thursday, March 20th. The stock was bought at an average price of $85.00 per share, for a total transaction of $42,500.00. Following the completion of the acquisition, the executive vice president now owns 500 shares of the company's stock, valued at approximately $42,500. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 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 currently owned by insiders.

Strategy Stock Down 1.6%

Shares of MSTR stock traded down $5.84 during trading hours on Friday, reaching $364.79. The company had a trading volume of 12,537,663 shares, compared to its average volume of 18,136,704. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. Strategy Incorporated has a twelve month low of $102.40 and a twelve month high of $543.00. The stock's fifty day simple moving average is $348.31 and its 200 day simple moving average is $342.52. The company has a market capitalization of $99.73 billion, a P/E ratio of -64.76 and a beta of 3.79.

Strategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly earnings data 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 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 last year, the company earned ($0.83) EPS.

Analyst Ratings Changes

Several research firms have weighed in on MSTR. BTIG Research restated a "buy" rating on shares of Strategy in a report on Wednesday, May 14th. Keefe, Bruyette & Woods began coverage on Strategy in a report on Friday, February 7th. They issued an "outperform" rating and a $560.00 price target for the company. Maxim Group lifted their price objective on Strategy from $480.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Barclays reissued a "hold" rating on shares of Strategy in a research note on Monday, May 19th. Finally, 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 report on Tuesday, April 1st. 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company 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.