Strategy Incorporated (NASDAQ:MSTR) Shares Sold by Vident Advisory LLC

Vident Advisory LLC decreased its holdings in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) by 24.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,900 shares of the software maker's stock after selling 1,578 shares during the period. Vident Advisory LLC's holdings in Strategy were worth $1,419,000 at the end of the most recent reporting period.

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

Strategy Stock Performance

Shares of MSTR stock traded up $0.90 during trading hours on Tuesday, hitting $370.41. The company's stock had a trading volume of 5,928,846 shares, compared to its average volume of 18,123,370. The company has a 50 day moving average of $344.54 and a 200 day moving average of $341.79. The stock has a market cap of $101.27 billion, a PE ratio of -65.76 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 Incorporated has a 12-month low of $102.40 and a 12-month high of $543.00.

Strategy (NASDAQ:MSTR - Get Free Report) last posted its earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $111.07 million during the quarter, compared to analyst estimates of $116.66 million. During the same quarter in the prior year, the firm earned ($0.83) earnings per share. The business's revenue for the quarter was down 3.6% on a year-over-year basis.

Analysts Set New Price Targets

Several analysts have weighed in on MSTR shares. Compass Point raised shares of Strategy to a "strong-buy" rating in a research report on Wednesday, January 29th. Cantor Fitzgerald reissued a "hold" rating on shares of Strategy in a research report on Monday, May 19th. Barclays reissued a "hold" rating on shares of Strategy in a research report on Monday, May 19th. Mizuho started coverage on shares of Strategy in a research report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 target price on the stock. Finally, UBS Group reissued a "buy" rating on shares of Strategy in a research report on Friday, May 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $514.42.

Insider Activity at Strategy

In other news, CFO Andrew Kang bought 1,500 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The stock was purchased at an average cost of $85.00 per share, for a total transaction of $127,500.00. Following the purchase, the chief financial officer now directly owns 1,500 shares in the company, valued at approximately $127,500. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jarrod M. Patten sold 1,100 shares of the business's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $427.00, for a total transaction of $469,700.00. Following the completion of the transaction, the director now owns 9,170 shares of the company's stock, valued at approximately $3,915,590. This represents a 10.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders bought 8,000 shares of company stock worth $680,000 and sold 46,836 shares worth $16,214,791. Company insiders own 9.16% of the company's stock.

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.