NBC Securities Inc. Buys New Position in Strategy Incorporated (NASDAQ:MSTR)

NBC Securities Inc. acquired a new position in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 820 shares of the software maker's stock, valued at approximately $236,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Proficio Capital Partners LLC acquired a new position in shares of Strategy in the 4th quarter valued at about $81,783,000. Clarity Capital Partners LLC boosted its holdings in shares of Strategy by 122.3% during the 4th quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker's stock worth $7,274,000 after buying an additional 13,817 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Strategy by 14.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker's stock worth $220,626,000 after buying an additional 97,515 shares during the period. Chung Wu Investment Group LLC acquired a new stake in shares of Strategy during the 4th quarter worth approximately $850,000. Finally, Crew Capital Management Ltd. bought a new stake in shares of Strategy in the 4th quarter valued at $333,000. Institutional investors and hedge funds own 59.84% of the company's stock.

Strategy Stock Performance

Shares of MSTR stock traded up $5.68 during trading on Friday, hitting $374.47. The company's stock had a trading volume of 9,356,357 shares, compared to its average volume of 18,094,981. The business has a fifty day moving average of $355.18 and a 200-day moving average of $341.98. The company has a market cap of $102.38 billion, a PE ratio of -66.48 and a beta of 3.73. Strategy Incorporated has a 52 week low of $102.40 and a 52 week 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.

Strategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly 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 the consensus estimate of $116.66 million. Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%. The company's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period last year, the firm posted ($0.83) EPS.

Insider Buying and Selling

In other news, CEO Phong Le purchased 6,000 shares of the stock in a transaction dated Thursday, March 20th. The shares were purchased at an average cost of $85.00 per share, with a total value of $510,000.00. Following the completion of the acquisition, the chief executive officer now owns 6,000 shares in the company, valued at $510,000. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Jeanine Montgomery sold 481 shares of the business'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 transaction, the chief accounting officer now directly owns 7,805 shares of the company's stock, valued at approximately $2,569,952.35. This represents a 5.80% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders bought 18,000 shares of company stock valued at $1,693,800 and sold 84,406 shares valued at $30,157,006. 8.46% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on MSTR shares. Canaccord Genuity Group reissued a "buy" rating on shares of Strategy in a research note on Monday, May 19th. UBS Group restated a "buy" rating on shares of Strategy in a research note on Friday, May 16th. Barclays reaffirmed a "hold" rating on shares of Strategy in a research report on Monday, May 19th. Monness Crespi & Hardt lowered Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price target on the stock. in a report on Tuesday, April 1st. Finally, BTIG Research reiterated a "buy" rating on shares of Strategy in a report on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $514.42.

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.