Wellington Management Group LLP Trims Stake in Strategy Incorporated (NASDAQ:MSTR)

Wellington Management Group LLP lowered its position in Strategy Incorporated (NASDAQ:MSTR - Free Report) by 47.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,565 shares of the software maker's stock after selling 3,162 shares during the quarter. Wellington Management Group LLP's holdings in Strategy were worth $1,032,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Riverview Trust Co purchased a new position in Strategy in the fourth quarter worth approximately $25,000. IAG Wealth Partners LLC purchased a new stake in shares of Strategy during the 4th quarter worth approximately $25,000. Quadrant Capital Group LLC lifted its position in shares of Strategy by 855.6% during the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock worth $25,000 after buying an additional 77 shares during the last quarter. Dunhill Financial LLC purchased a new stake in shares of Strategy during the 4th quarter worth approximately $26,000. Finally, Parkside Financial Bank & Trust lifted its position in shares of Strategy by 422.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker's stock worth $27,000 after buying an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 59.84% of the company's stock.

Insider Buying and Selling at Strategy

In other news, EVP Wei-Ming Shao purchased 500 shares of the firm's stock in a transaction dated Thursday, March 20th. The shares were acquired 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 directly owns 500 shares of the company's stock, valued at $42,500. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Jeanine Montgomery sold 481 shares of the business's stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 7,805 shares in the company, valued at $2,569,952.35. This trade represents a 5.80% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have bought 18,000 shares of company stock valued at $1,693,800 and have sold 84,406 shares valued at $30,157,006. 8.46% of the stock is currently owned by corporate insiders.

Strategy Stock Performance

MSTR stock traded up $5.68 on Friday, hitting $374.47. The company's stock had a trading volume of 9,356,357 shares, compared to its average volume of 18,094,981. The firm has a 50 day moving average of $355.18 and a two-hundred day moving average of $341.98. Strategy Incorporated has a 1 year low of $102.40 and a 1 year high of $543.00. The stock has a market cap of $102.38 billion, a price-to-earnings ratio of -66.48 and a beta of 3.73. 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 announced its quarterly earnings data 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). The firm had revenue of $111.07 million during the quarter, compared to analyst estimates of $116.66 million. Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%. The business's quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.83) earnings per share.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on MSTR shares. UBS Group restated a "buy" rating on shares of Strategy in a research report on Friday, May 16th. Barclays restated a "hold" rating on shares of Strategy in a research report on Monday, May 19th. Monness Crespi & Hardt downgraded shares of Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price objective for the company. in a research report on Tuesday, April 1st. Canaccord Genuity Group restated a "buy" rating on shares of Strategy in a research report on Monday, May 19th. Finally, HC Wainwright started coverage on shares of Strategy in a research report on Tuesday, April 29th. They set a "buy" rating and a $480.00 price objective for the company. 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. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target 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.