Royal Bank of Canada Sells 1,716,574 Shares of Strategy Incorporated (NASDAQ:MSTR)

Royal Bank of Canada decreased its stake in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) by 93.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 115,459 shares of the software maker's stock after selling 1,716,574 shares during the quarter. Royal Bank of Canada's holdings in Strategy were worth $33,440,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in MSTR. Assenagon Asset Management S.A. increased its holdings in shares of Strategy by 94.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 4,988 shares of the software maker's stock worth $1,445,000 after purchasing an additional 2,423 shares during the period. Harbor Investment Advisory LLC increased its stake in Strategy by 14.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 665 shares of the software maker's stock valued at $193,000 after acquiring an additional 85 shares during the period. Koshinski Asset Management Inc. bought a new stake in Strategy in the fourth quarter valued at about $450,000. Ballentine Partners LLC increased its stake in Strategy by 6.5% in the fourth quarter. Ballentine Partners LLC now owns 3,322 shares of the software maker's stock valued at $962,000 after acquiring an additional 202 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new stake in Strategy in the fourth quarter valued at about $351,000. Institutional investors own 59.84% of the company's stock.

Insider Transactions at Strategy

In related news, CEO Phong Le bought 6,000 shares of Strategy stock in a transaction dated Thursday, March 20th. The shares were bought 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 owns 6,000 shares of the company's stock, valued at approximately $510,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Wei-Ming Shao bought 500 shares of Strategy stock in a transaction dated Thursday, March 20th. The shares were bought at an average price of $85.00 per share, for a total transaction of $42,500.00. Following the completion of the transaction, the executive vice president now directly owns 500 shares of the company's stock, valued at $42,500. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 8,000 shares of company stock worth $680,000 and have sold 46,836 shares worth $16,214,791. 9.16% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MSTR shares. Compass Point raised shares of Strategy to a "strong-buy" rating in a research note on Wednesday, January 29th. Monness Crespi & Hardt cut shares of Strategy from a "neutral" rating to a "sell" rating and set a $220.00 target price on the stock. in a research note on Tuesday, April 1st. HC Wainwright started coverage on shares of Strategy in a research note on Tuesday, April 29th. They issued a "buy" rating and a $480.00 target price on the stock. Keefe, Bruyette & Woods started coverage on shares of Strategy in a research note on Friday, February 7th. They issued an "outperform" rating and a $560.00 target price on the stock. Finally, Maxim Group upped their target price on shares of Strategy from $480.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $514.42.

Strategy Price Performance

NASDAQ:MSTR opened at $399.46 on Friday. The firm has a market cap of $109.21 billion, a PE ratio of -70.91 and a beta of 3.79. Strategy Incorporated has a 12 month low of $102.40 and a 12 month high of $543.00. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The company's 50-day moving average price is $341.51 and its two-hundred day moving average price is $339.06.

Strategy (NASDAQ:MSTR - Get Free Report) last announced its earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share (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 for the quarter, compared to analyst estimates of $116.66 million. During the same quarter in the previous year, the company posted ($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.

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