Tobam Sells 1,384 Shares of Strategy Incorporated (NASDAQ:MSTR)

Tobam decreased its stake in Strategy Incorporated (NASDAQ:MSTR - Free Report) by 9.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,544 shares of the software maker's stock after selling 1,384 shares during the period. Strategy accounts for 1.7% of Tobam's portfolio, making the stock its 18th largest position. Tobam's holdings in Strategy were worth $3,904,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Maryland State Retirement & Pension System raised its stake 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 purchasing an additional 30 shares in the last quarter. Family Management Corp raised its position in shares of Strategy by 2.2% during the 4th quarter. Family Management Corp now owns 1,370 shares of the software maker's stock worth $397,000 after buying an additional 30 shares in the last quarter. Oder Investment Management LLC raised its position in shares of Strategy by 3.1% during the 4th quarter. Oder Investment Management LLC now owns 1,268 shares of the software maker's stock worth $367,000 after buying an additional 38 shares in the last quarter. Rothschild Investment LLC lifted its stake in shares of Strategy by 2.3% in the 1st quarter. Rothschild Investment LLC now owns 2,049 shares of the software maker's stock worth $591,000 after acquiring an additional 46 shares during the period. Finally, WR Wealth Planners LLC boosted its holdings in shares of Strategy by 22.6% in the fourth quarter. WR Wealth Planners LLC now owns 260 shares of the software maker's stock valued at $75,000 after acquiring an additional 48 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors.

Strategy Stock Down 0.2%

Shares of MSTR traded down $0.62 during trading hours on Monday, reaching $382.25. The company's stock had a trading volume of 7,921,706 shares, compared to its average volume of 17,963,809. 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 firm has a market cap of $104.51 billion, a price-to-earnings ratio of -67.86 and a beta of 3.73. The company has a 50 day moving average of $365.95 and a two-hundred day moving average of $341.50. Strategy Incorporated has a 1-year low of $102.40 and a 1-year high of $543.00.

Strategy (NASDAQ:MSTR - Get Free Report) last issued 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 net margin of 251.73% and a negative return on equity of 19.01%. The company had revenue of $111.07 million for the quarter, compared to analyst estimates of $116.66 million. During the same period last year, the business earned ($0.83) EPS. The company's quarterly revenue was down 3.6% on a year-over-year basis.

Insider Activity at Strategy

In related news, CAO Jeanine Montgomery sold 339 shares of Strategy stock in a transaction on Friday, June 6th. The shares were sold at an average price of $374.55, for a total value of $126,972.45. Following the completion of the sale, the chief accounting officer now owns 8,605 shares of the company's stock, valued at approximately $3,223,002.75. The trade was a 3.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carl J. Rickertsen sold 26,390 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $372.40, for a total value of $9,827,636.00. Following the sale, the director now owns 980 shares of the company's stock, valued at approximately $364,952. This trade represents a 96.42% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 33,277 shares of company stock valued at $2,992,345 and sold 93,619 shares valued at $33,607,643. Insiders own 8.46% of the company's stock.

Analyst Ratings Changes

MSTR has been the subject of a number of research reports. Monness Crespi & Hardt lowered 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 report on Tuesday, April 29th. They set a "buy" rating and a $480.00 target price on the stock. Barclays reaffirmed a "hold" rating on shares of Strategy in a research note on Monday, May 19th. Cantor Fitzgerald reissued a "hold" rating on shares of Strategy in a research note on Monday, May 19th. Finally, BTIG Research restated a "buy" rating on shares of Strategy in a research report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $514.42.

Strategy 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.