Snowden Capital Advisors LLC Makes New $317,000 Investment in Strategy Incorporated (NASDAQ:MSTR)

Snowden Capital Advisors LLC bought a new position in Strategy Incorporated (NASDAQ:MSTR - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,094 shares of the software maker's stock, valued at approximately $317,000.

Other hedge funds have also added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new stake in Strategy in the fourth quarter worth approximately $81,783,000. Clarity Capital Partners LLC increased its holdings in shares of Strategy by 122.3% during the fourth quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker's stock valued at $7,274,000 after acquiring an additional 13,817 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Strategy by 14.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker's stock valued at $220,626,000 after acquiring an additional 97,515 shares in the last quarter. Chung Wu Investment Group LLC bought a new stake in shares of Strategy during the fourth quarter valued at approximately $850,000. Finally, Crew Capital Management Ltd. bought a new stake in shares of Strategy during the fourth quarter valued at approximately $333,000. 59.84% of the stock is currently owned by institutional investors.

Strategy Trading Down 0.8%

Shares of Strategy stock opened at $399.46 on Friday. The stock has a fifty day simple moving average of $341.51 and a 200 day simple moving average of $339.06. Strategy Incorporated has a 12-month low of $102.40 and a 12-month high of $543.00. The company has a market capitalization of $109.21 billion, a P/E ratio of -70.91 and a beta of 3.79. 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 data on Thursday, May 1st. The software maker reported ($16.49) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $111.07 million during the quarter, compared to analysts' expectations of $116.66 million. During the same period in the prior year, the firm posted ($0.83) EPS. The firm's revenue for the quarter was down 3.6% on a year-over-year basis.

Insiders Place Their Bets

In other Strategy news, CAO Jeanine Montgomery sold 481 shares of the business's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $329.27, for a total value of $158,378.87. Following the transaction, the chief accounting officer now owns 7,805 shares of the company's stock, valued at approximately $2,569,952.35. The trade was a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Wei-Ming Shao acquired 500 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 $42,500.00. Following the transaction, the executive vice president now owns 500 shares of the company's stock, valued at approximately $42,500. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 8,000 shares of company stock valued at $680,000 and have sold 46,836 shares valued at $16,214,791. Insiders own 9.16% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on MSTR. Canaccord Genuity Group restated a "buy" rating on shares of Strategy in a report on Monday. BTIG Research restated a "buy" rating on shares of Strategy in a report on Wednesday, May 14th. Cantor Fitzgerald restated a "hold" rating on shares of Strategy in a report on Monday. Barclays restated a "hold" rating on shares of Strategy in a report on Monday. Finally, Monness Crespi & Hardt downgraded Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price objective for the company. in a report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $514.42.

About Strategy

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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