Strategy Incorporated (NASDAQ:MSTR) Shares Bought by Delta Investment Management LLC

Delta Investment Management LLC lifted its stake in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) by 37.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,380 shares of the software maker's stock after buying an additional 1,476 shares during the quarter. Delta Investment Management LLC's holdings in Strategy were worth $1,558,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Strategy in the fourth quarter valued at $523,981,000. Amundi increased its holdings in shares of Strategy by 262.8% in the 4th quarter. Amundi now owns 570,217 shares of the software maker's stock valued at $165,146,000 after acquiring an additional 413,028 shares during the last quarter. First Trust Advisors LP lifted its stake in Strategy by 266.1% during the fourth quarter. First Trust Advisors LP now owns 417,574 shares of the software maker's stock worth $120,938,000 after purchasing an additional 303,517 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Strategy in the 4th quarter valued at $81,783,000. Finally, Geode Capital Management LLC lifted its position in Strategy by 10.2% in the fourth quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker's stock valued at $881,470,000 after acquiring an additional 281,342 shares during the last quarter. Institutional investors and hedge funds own 59.84% of the company's stock.

Insider Transactions at Strategy

In related news, EVP Wei-Ming Shao bought 500 shares of Strategy stock in a transaction that occurred on Thursday, March 20th. The shares were purchased at an average price of $85.00 per share, with a total value of $42,500.00. Following the purchase, the executive vice president now owns 500 shares in the company, valued at $42,500. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Andrew Kang purchased 1,500 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was bought at an average cost of $85.00 per share, with a total value of $127,500.00. Following the completion of the acquisition, the chief financial officer now owns 1,500 shares of the company's stock, valued at approximately $127,500. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 8,000 shares of company stock valued at $680,000 and have sold 41,198 shares valued at $13,901,970. Corporate insiders own 9.16% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on MSTR shares. Maxim Group boosted their target price on Strategy from $480.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Barclays reissued a "hold" rating on shares of Strategy in a report on Monday. BTIG Research reaffirmed a "buy" rating on shares of Strategy in a report on Wednesday, May 14th. UBS Group reiterated a "buy" rating on shares of Strategy in a research report on Friday. Finally, HC Wainwright assumed coverage on shares of Strategy in a research note on Tuesday, April 29th. They issued a "buy" rating and a $480.00 price objective on the stock. One equities 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 assigned a strong buy rating to the stock. According to MarketBeat.com, Strategy currently has a consensus rating of "Moderate Buy" and a consensus target price of $514.42.

Strategy Trading Up 3.4%

Shares of MSTR stock opened at $413.42 on Tuesday. The firm has a market capitalization of $113.03 billion, a PE ratio of -73.39 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 business's fifty day moving average price is $334.23 and its 200 day moving average price is $336.83. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65.

Strategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly 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 net margin of 251.73% and a negative return on equity of 19.01%. The company had revenue of $111.07 million during the quarter, compared to analysts' expectations of $116.66 million. During the same quarter in the prior year, the business earned ($0.83) EPS. The business's revenue for the quarter was down 3.6% compared to the same quarter last year.

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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