GAMMA Investing LLC Acquires 238,702 Shares of Strategy Incorporated (NASDAQ:MSTR)

GAMMA Investing LLC boosted its stake in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) by 42,473.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 239,264 shares of the software maker's stock after purchasing an additional 238,702 shares during the quarter. GAMMA Investing LLC owned 0.09% of Strategy worth $68,973,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Maxim Group upped their target price on shares of Strategy from $480.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. HC Wainwright initiated coverage on shares of Strategy in a report on Tuesday, April 29th. They set a "buy" rating and a $480.00 price objective on the stock. Keefe, Bruyette & Woods began coverage on shares of Strategy in a report on Friday, February 7th. They set an "outperform" rating and a $560.00 price objective on the stock. UBS Group reaffirmed a "buy" rating on shares of Strategy in a research note on Friday, May 16th. Finally, Cantor Fitzgerald reaffirmed a "hold" rating on shares of Strategy in a research note on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Strategy presently has a consensus rating of "Moderate Buy" and a consensus target price of $514.42.

Insiders Place Their Bets

In other news, Director Carl J. Rickertsen sold 26,390 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $372.40, for a total value of $9,827,636.00. Following the sale, the director now directly owns 980 shares in the company, valued at approximately $364,952. This trade represents a 96.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jeanine Montgomery sold 481 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $329.27, for a total transaction of $158,378.87. Following the completion of the sale, the chief accounting officer now owns 7,805 shares in the company, valued at approximately $2,569,952.35. The trade was a 5.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 18,000 shares of company stock worth $1,693,800 and have sold 83,426 shares worth $29,785,518. Corporate insiders own 9.16% of the company's stock.

Strategy Stock Down 2.4%

MSTR traded down $9.33 during trading on Wednesday, reaching $378.10. 8,449,998 shares of the stock were exchanged, compared to its average volume of 18,058,691. Strategy Incorporated has a twelve month low of $102.40 and a twelve month high of $543.00. The stock has a market cap of $103.37 billion, a P/E ratio of -67.12 and a beta of 3.79. The stock's 50 day moving average price is $350.42 and its two-hundred day moving average price is $343.15. 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 (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The software maker reported ($16.49) EPS for the quarter, missing the consensus estimate of ($0.02) by ($16.47). Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%. The company had revenue of $111.07 million during the quarter, compared to analyst estimates of $116.66 million. During the same quarter in the prior year, the firm earned ($0.83) earnings per share. Strategy's revenue for the quarter was down 3.6% on a year-over-year basis.

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.