Wealth Enhancement Advisory Services LLC Lowers Stake in Strategy Incorporated (NASDAQ:MSTR)

Wealth Enhancement Advisory Services LLC lessened its stake in Strategy Incorporated (NASDAQ:MSTR - Free Report) by 10.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,972 shares of the software maker's stock after selling 5,806 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Strategy were worth $14,763,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of MSTR. Riverview Trust Co purchased a new stake in shares of Strategy during the fourth quarter valued at approximately $25,000. IAG Wealth Partners LLC bought a new position in shares of Strategy in the fourth quarter worth $25,000. Quadrant Capital Group LLC boosted its holdings in shares of Strategy by 855.6% in the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock worth $25,000 after acquiring an additional 77 shares during the period. Dunhill Financial LLC bought a new position in shares of Strategy in the fourth quarter worth $26,000. Finally, Parkside Financial Bank & Trust boosted its stake in Strategy by 422.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker's stock valued at $27,000 after buying an additional 76 shares during the period. 59.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Carl J. Rickertsen sold 26,390 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $372.40, for a total transaction of $9,827,636.00. Following the completion of the transaction, the director now owns 980 shares in the company, valued at $364,952. This represents a 96.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jeanine Montgomery sold 481 shares of the company's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $329.27, for a total transaction 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. This trade represents a 5.80% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 18,000 shares of company stock valued at $1,693,800 and have sold 83,426 shares valued at $29,785,518. Corporate insiders own 9.16% of the company's stock.

Strategy Trading Up 4.1%

Shares of Strategy stock traded up $15.16 on Tuesday, hitting $387.43. 11,310,236 shares of the company traded hands, compared to its average volume of 18,097,086. The stock's 50 day moving average price is $350.42 and its 200-day moving average price is $343.15. 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 52 week low of $102.40 and a 52 week high of $543.00. The company has a market cap of $105.92 billion, a PE ratio of -68.78 and a beta of 3.79.

Strategy (NASDAQ:MSTR - Get Free Report) last posted its earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($16.47). The company had revenue of $111.07 million for the quarter, compared to analysts' expectations of $116.66 million. Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%. The firm's quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.83) EPS.

Analyst Ratings Changes

MSTR has been the subject of several research analyst reports. Keefe, Bruyette & Woods assumed coverage on Strategy in a research note on Friday, February 7th. They set an "outperform" rating and a $560.00 price objective for the company. Monness Crespi & Hardt downgraded Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price objective on the stock. in a report on Tuesday, April 1st. HC Wainwright started coverage on Strategy in a report on Tuesday, April 29th. They set a "buy" rating and a $480.00 price target on the stock. Maxim Group boosted their price target on Strategy from $480.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Finally, UBS Group reissued a "buy" rating on shares of Strategy in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average 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.