FORA Capital LLC Sells 32,177 Shares of Strategy Incorporated (NASDAQ:MSTR)

FORA Capital LLC decreased its holdings in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) by 65.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,212 shares of the software maker's stock after selling 32,177 shares during the quarter. FORA Capital LLC's holdings in Strategy were worth $4,985,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Fred Alger Management LLC bought a new stake in Strategy during the fourth quarter worth about $2,690,000. Family Management Corp raised its stake in Strategy by 2.2% during the fourth quarter. Family Management Corp now owns 1,370 shares of the software maker's stock worth $397,000 after acquiring an additional 30 shares in the last quarter. Diligent Investors LLC acquired a new stake in shares of Strategy in the 4th quarter valued at approximately $735,000. Dunhill Financial LLC bought a new position in Strategy in the 4th quarter valued at approximately $26,000. Finally, EP Wealth Advisors LLC boosted its position in Strategy by 38.2% in the fourth quarter. EP Wealth Advisors LLC now owns 3,359 shares of the software maker's stock valued at $973,000 after buying an additional 929 shares in the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

Strategy Stock Performance

Shares of NASDAQ MSTR opened at $392.48 on Thursday. The stock has a market cap of $101.01 billion, a price-to-earnings ratio of -69.68 and a beta of 3.79. The stock's 50-day moving average is $312.32 and its 200 day moving average is $325.80. 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 1-year low of $102.40 and a 1-year high of $543.00.

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 for the quarter, missing analysts' consensus estimates of ($0.02) by ($16.47). The business had revenue of $111.07 million during the quarter, compared to the consensus estimate of $116.66 million. Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%. The company's revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.83) earnings per share.

Insider Activity

In other Strategy news, Director Jarrod M. Patten sold 1,200 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $384.92, for a total value of $461,904.00. Following the sale, the director now owns 9,170 shares of the company's stock, valued at $3,529,716.40. This trade represents a 11.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Leslie J. Rechan sold 15,000 shares of the company's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the transaction, the director now directly owns 4,970 shares of the company's stock, valued at approximately $1,669,423. This trade represents a 75.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders purchased 8,000 shares of company stock valued at $680,000 and sold 38,998 shares valued at $12,997,770. 9.16% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Mizuho assumed coverage on Strategy in a report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 price target on the stock. Monness Crespi & Hardt lowered shares of Strategy from a "neutral" rating to a "sell" rating and set a $220.00 target price on the stock. in a report on Tuesday, April 1st. Barclays increased their target price on shares of Strategy from $421.00 to $475.00 and gave the stock an "overweight" rating in a research note on Monday. Benchmark restated a "buy" rating and issued a $650.00 target price on shares of Strategy in a research note on Tuesday, January 14th. Finally, HC Wainwright initiated coverage on Strategy in a research note on Tuesday, April 29th. They issued a "buy" rating and a $480.00 price objective for the company. One investment analyst has rated the stock with a sell rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $514.42.

Strategy Company 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.

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