1,200 Shares in Strategy Incorporated (NASDAQ:MSTR) Bought by McIlrath & Eck LLC

McIlrath & Eck LLC bought a new position in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,200 shares of the software maker's stock, valued at approximately $348,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System increased its position in shares of Strategy by 0.3% in the fourth 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 last quarter. Family Management Corp increased its position in shares of Strategy by 2.2% in the fourth quarter. Family Management Corp now owns 1,370 shares of the software maker's stock valued at $397,000 after acquiring an additional 30 shares during the last quarter. GPS Wealth Strategies Group LLC increased its position in shares of Strategy by 3.2% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker's stock valued at $324,000 after acquiring an additional 35 shares during the last quarter. Oder Investment Management LLC increased its position in shares of Strategy by 3.1% in the fourth quarter. Oder Investment Management LLC now owns 1,268 shares of the software maker's stock valued at $367,000 after acquiring an additional 38 shares during the last quarter. Finally, WR Wealth Planners LLC increased its position in Strategy by 22.6% during the fourth quarter. WR Wealth Planners LLC now owns 260 shares of the software maker's stock worth $75,000 after buying an additional 48 shares during the last quarter. 59.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on MSTR. Cantor Fitzgerald reissued a "hold" rating on shares of Strategy in a research report on Monday, May 19th. Mizuho initiated coverage on Strategy in a research report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 price target on the stock. Maxim Group boosted their price objective on Strategy from $480.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Compass Point upgraded Strategy to a "strong-buy" rating in a report on Wednesday, January 29th. Finally, Barclays restated a "hold" rating on shares of Strategy in a report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $514.42.

Strategy Stock Performance

Shares of NASDAQ MSTR traded down $29.95 during mid-day trading on Friday, hitting $369.51. The company had a trading volume of 21,362,702 shares, compared to its average volume of 18,169,793. The company has a market capitalization of $101.03 billion, a price-to-earnings ratio of -65.60 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 current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The stock's 50-day moving average price is $343.24 and its 200-day moving average price is $340.60.

Strategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The software maker reported ($16.49) earnings per share (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 business had revenue of $111.07 million for the quarter, compared to the consensus estimate of $116.66 million. During the same period in the prior year, the business posted ($0.83) EPS. Strategy's quarterly revenue was down 3.6% on a year-over-year basis.

Insider Activity

In related news, Director Leslie J. Rechan sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $335.90, for a total value of $5,038,500.00. Following the sale, the director now owns 4,970 shares in the company, valued at $1,669,423. This represents a 75.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Andrew Kang sold 5,638 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $410.22, for a total value of $2,312,820.36. Following the completion of the sale, the chief financial officer now owns 22,077 shares in the company, valued at $9,056,426.94. The trade was a 20.34% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders purchased 8,000 shares of company stock valued at $680,000 and sold 46,836 shares valued at $16,214,791. 9.16% of the stock is currently owned by corporate 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.