Objective Capital Management LLC Purchases Shares of 767 Strategy Incorporated (NASDAQ:MSTR)

Objective Capital Management LLC bought a new position in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 767 shares of the software maker's stock, valued at approximately $222,000.

Several other hedge funds have also recently made changes to their positions in MSTR. Maryland State Retirement & Pension System increased its holdings in shares of Strategy by 0.3% during 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 in the last quarter. Family Management Corp increased 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 valued at $397,000 after acquiring an additional 30 shares in the last quarter. GPS Wealth Strategies Group LLC boosted its stake in Strategy by 3.2% during the 4th 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 last quarter. Oder Investment Management LLC boosted its stake in Strategy by 3.1% during the 4th 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 last quarter. Finally, WR Wealth Planners LLC boosted its stake in Strategy by 22.6% during the 4th 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. 59.84% of the stock is owned by institutional investors.

Strategy Stock Performance

Shares of NASDAQ:MSTR traded down $7.95 during mid-day trading on Wednesday, reaching $364.25. The company had a trading volume of 9,840,949 shares, compared to its average volume of 18,150,127. 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 market cap of $99.59 billion, a price-to-earnings ratio of -64.66 and a beta of 3.79. The company's 50-day moving average price is $347.15 and its 200-day moving average price is $342.15. Strategy Incorporated has a one year low of $102.40 and a one year high of $543.00.

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). Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%. The company had revenue of $111.07 million during the quarter, compared to the consensus estimate of $116.66 million. During the same period last year, the firm posted ($0.83) EPS. The company's revenue for the quarter was down 3.6% compared to the same quarter last year.

Insider Buying and Selling

In other Strategy news, CEO Phong Le purchased 6,000 shares of the business's stock in a transaction on Thursday, March 20th. The stock was acquired at an average cost of $85.00 per share, for a total transaction of $510,000.00. Following the completion of the transaction, the chief executive officer now directly owns 6,000 shares in the company, valued at approximately $510,000. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Wei-Ming Shao purchased 500 shares of the business's stock in a transaction 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 completion of the transaction, the executive vice president now owns 500 shares of the company's stock, valued at approximately $42,500. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 8,000 shares of company stock worth $680,000 and sold 46,836 shares worth $16,214,791. 9.16% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MSTR has been the subject of a number of analyst reports. UBS Group reiterated a "buy" rating on shares of Strategy in a research note on Friday, May 16th. Monness Crespi & Hardt downgraded Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price target for the company. in a research note on Tuesday, April 1st. HC Wainwright initiated coverage on Strategy in a research note on Tuesday, April 29th. They set a "buy" rating and a $480.00 price target for the company. Keefe, Bruyette & Woods initiated coverage on Strategy in a research note on Friday, February 7th. They set an "outperform" rating and a $560.00 price target for the company. Finally, Barclays reiterated a "hold" rating on shares of Strategy in a research note on Monday, May 19th. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.