JT Stratford LLC Invests $399,000 in Strategy Incorporated (NASDAQ:MSTR)

JT Stratford LLC bought a new position in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,377 shares of the software maker's stock, valued at approximately $399,000.

Other large investors have also recently bought and sold shares of the company. Maryland State Retirement & Pension System lifted its stake in Strategy by 0.3% during the 4th quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker's stock valued at $2,604,000 after acquiring an additional 30 shares during the period. Family Management Corp raised its holdings in shares of Strategy by 2.2% during the fourth quarter. Family Management Corp now owns 1,370 shares of the software maker's stock worth $397,000 after purchasing an additional 30 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its position in Strategy by 3.2% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker's stock valued at $324,000 after purchasing an additional 35 shares during the period. Oder Investment Management LLC lifted its position in Strategy by 3.1% during the fourth quarter. Oder Investment Management LLC now owns 1,268 shares of the software maker's stock valued at $367,000 after purchasing an additional 38 shares during the period. Finally, WR Wealth Planners LLC boosted its holdings in Strategy by 22.6% in the fourth quarter. WR Wealth Planners LLC now owns 260 shares of the software maker's stock valued at $75,000 after purchasing an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 59.84% of the company's stock.

Insider Activity

In related news, Director Jarrod M. Patten sold 1,700 shares of the stock in a transaction on Tuesday, April 22nd. The stock was sold at an average price of $342.01, for a total value of $581,417.00. Following the completion of the transaction, the director now directly owns 4,970 shares of the company's stock, valued at approximately $1,699,789.70. This represents a 25.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Andrew Kang acquired 1,500 shares of the firm's stock in a transaction 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 acquisition, the chief financial officer now directly owns 1,500 shares in the company, valued at $127,500. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 8,000 shares of company stock worth $680,000 and have sold 46,836 shares worth $16,214,791. Company insiders own 9.16% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on MSTR shares. Barclays reiterated a "hold" rating on shares of Strategy in a research note on Monday. Monness Crespi & Hardt cut Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price target for the company. in a research report on Tuesday, April 1st. Maxim Group boosted their price target on Strategy from $480.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Compass Point raised shares of Strategy to a "strong-buy" rating in a research note on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods initiated coverage on shares of Strategy in a report on Friday, February 7th. They set an "outperform" rating and a $560.00 target price for the company. One 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $514.42.

Strategy Trading Down 0.8%

Shares of MSTR stock opened at $399.46 on Friday. Strategy Incorporated has a 1-year low of $102.40 and a 1-year high of $543.00. The company has a market cap of $109.21 billion, a price-to-earnings ratio of -70.91 and a beta of 3.79. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The stock has a 50 day simple moving average of $341.51 and a 200-day simple moving average of $339.06.

Strategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The software maker reported ($16.49) EPS for the quarter, missing the consensus estimate 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 return on equity of 19.01% and a negative net margin of 251.73%. Strategy's revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.83) EPS.

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.

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