BridgePort Financial Solutions LLC Invests $675,000 in Strategy Incorporated (NASDAQ:MSTR)

BridgePort Financial Solutions LLC bought a new position in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,330 shares of the software maker's stock, valued at approximately $675,000.

Other hedge funds also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC lifted its holdings in Strategy by 855.6% during the 4th 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 acquired a new stake in Strategy during the 4th quarter worth approximately $25,000. IAG Wealth Partners LLC acquired a new stake in Strategy during the 4th quarter worth approximately $25,000. Dunhill Financial LLC acquired a new stake in Strategy during the 4th quarter worth approximately $26,000. Finally, Safe Harbor Fiduciary LLC lifted its holdings in Strategy by 820.0% during the 4th quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker's stock worth $27,000 after buying an additional 82 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Barclays reiterated a "hold" rating on shares of Strategy in a report on Monday, May 19th. UBS Group reissued a "buy" rating on shares of Strategy in a research report on Friday, May 16th. Mizuho assumed coverage on shares of Strategy in a research report on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 price objective on the stock. Compass Point raised shares of Strategy to a "strong-buy" rating in a research report on Wednesday, January 29th. Finally, Cantor Fitzgerald reissued a "hold" rating on shares of Strategy in a research report on Monday, May 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $514.42.

Strategy Stock Up 1.8%

Shares of NASDAQ MSTR traded up $6.38 during mid-day trading on Thursday, reaching $370.63. The company had a trading volume of 10,163,196 shares, compared to its average volume of 18,118,350. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The firm has a 50 day simple moving average of $347.15 and a two-hundred day simple moving average of $342.15. The stock has a market cap of $101.33 billion, a P/E ratio of -65.80 and a beta of 3.79. Strategy Incorporated has a 52-week low of $102.40 and a 52-week 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) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($16.47). The company had revenue of $111.07 million during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period last year, the business earned ($0.83) earnings per share.

Insider Buying and Selling

In other Strategy news, CFO Andrew Kang purchased 1,500 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The stock was purchased at an average price of $85.00 per share, for a total transaction of $127,500.00. Following the purchase, the chief financial officer now directly owns 1,500 shares in the company, valued at approximately $127,500. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Wei-Ming Shao purchased 500 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were acquired 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 owns 500 shares in the company, valued at $42,500. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 18,000 shares of company stock worth $1,693,800 and sold 47,486 shares worth $16,456,090. 9.16% of the stock is owned by company insiders.

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.