B. Riley Wealth Advisors Inc. Boosts Stake in Strategy Incorporated (NASDAQ:MSTR)

B. Riley Wealth Advisors Inc. grew its position in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) by 93.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,945 shares of the software maker's stock after purchasing an additional 1,423 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in Strategy were worth $853,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Quadrant Capital Group LLC grew its holdings in Strategy by 855.6% during the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock worth $25,000 after buying an additional 77 shares in the last quarter. Riverview Trust Co bought a new stake in shares of Strategy in the fourth quarter valued at approximately $25,000. IAG Wealth Partners LLC bought a new stake in shares of Strategy in the fourth quarter valued at approximately $25,000. Dunhill Financial LLC purchased a new position in Strategy during the fourth quarter valued at approximately $26,000. Finally, Safe Harbor Fiduciary LLC grew its stake in Strategy by 820.0% during the fourth quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker's stock valued at $27,000 after acquiring an additional 82 shares in the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MSTR shares. Keefe, Bruyette & Woods started coverage on shares of Strategy in a report on Friday, February 7th. They issued an "outperform" rating and a $560.00 price objective for the company. BTIG Research restated a "buy" rating on shares of Strategy in a report on Wednesday, May 14th. HC Wainwright began coverage on shares of Strategy in a report on Tuesday, April 29th. They issued a "buy" rating and a $480.00 price objective for the company. UBS Group reiterated a "buy" rating on shares of Strategy in a report on Friday, May 16th. Finally, Cantor Fitzgerald reiterated a "hold" rating on shares of Strategy in a report on Monday, May 19th. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Strategy presently has a consensus rating of "Moderate Buy" and an average price target of $514.42.

Insiders Place Their Bets

In other news, CFO Andrew Kang bought 1,500 shares of the company's stock in a transaction on Thursday, March 20th. The stock was bought at an average cost of $85.00 per share, with a total value of $127,500.00. Following the transaction, the chief financial officer now directly owns 1,500 shares in the company, valued at $127,500. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Wei-Ming Shao acquired 500 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was bought at an average price of $85.00 per share, with a total value of $42,500.00. Following the purchase, the executive vice president now directly owns 500 shares in the company, valued at approximately $42,500. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders purchased 18,000 shares of company stock valued at $1,693,800 and sold 47,486 shares valued at $16,456,090. Corporate insiders own 9.16% of the company's stock.

Strategy Stock Down 1.6%

Shares of MSTR traded down $5.84 during mid-day trading on Friday, hitting $364.79. 12,537,663 shares of the company traded hands, compared to its average volume of 18,139,429. The business has a 50 day moving average of $347.85 and a 200 day moving average of $342.36. The company has a market capitalization of $99.73 billion, a PE ratio of -64.76 and a beta of 3.79. Strategy Incorporated has a 1-year low of $102.40 and a 1-year high of $543.00. 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 for the quarter, missing the consensus estimate 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 analyst estimates of $116.66 million. During the same period in the previous year, the company earned ($0.83) earnings per share. The company's quarterly revenue was down 3.6% compared to the same quarter last year.

Strategy 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.