Fred Alger Management LLC Invests $2.69 Million in Strategy Incorporated (NASDAQ:MSTR)

Fred Alger Management LLC acquired a new position in Strategy Incorporated (NASDAQ:MSTR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 9,288 shares of the software maker's stock, valued at approximately $2,690,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Family Management Corp raised its position in shares of 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 purchasing an additional 30 shares during the period. Diligent Investors LLC acquired a new stake in shares of Strategy during the fourth quarter worth $735,000. Dunhill Financial LLC acquired a new stake in shares of Strategy during the fourth quarter worth $26,000. EP Wealth Advisors LLC raised its position in shares of Strategy by 38.2% during the fourth quarter. EP Wealth Advisors LLC now owns 3,359 shares of the software maker's stock worth $973,000 after purchasing an additional 929 shares during the period. Finally, Collar Capital Management LLC acquired a new stake in shares of Strategy during the fourth quarter worth $6,570,000. Institutional investors own 59.84% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Monness Crespi & Hardt lowered Strategy from a "neutral" rating to a "sell" rating and set a $220.00 target price on the stock. in a research report on Tuesday, April 1st. Barclays upped their price target on Strategy from $421.00 to $475.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Canaccord Genuity Group upped their price target on Strategy from $409.00 to $464.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Maxim Group upped their price target on Strategy from $480.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods initiated coverage on Strategy in a research report on Friday, February 7th. They set an "outperform" rating and a $560.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Strategy has a consensus rating of "Moderate Buy" and an average price target of $514.42.

Strategy Price Performance

MSTR stock traded up $16.71 during midday trading on Tuesday, reaching $421.61. 12,844,951 shares of the company's stock traded hands, compared to its average volume of 18,079,028. The company has a market cap of $115.27 billion, a price-to-earnings ratio of -74.85 and a beta of 3.79. 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 company has a 50-day simple moving average of $320.33 and a two-hundred day simple moving average of $331.14. 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) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($16.47). The firm had revenue of $111.07 million during the quarter, compared to the consensus estimate of $116.66 million. Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%. The firm's quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.83) earnings per share.

Insider Transactions at Strategy

In other news, Director Jarrod M. Patten sold 1,100 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $427.00, for a total value of $469,700.00. Following the transaction, the director now directly owns 9,170 shares in the company, valued at $3,915,590. This trade represents a 10.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Andrew Kang purchased 1,500 shares of Strategy stock in a transaction dated Thursday, March 20th. The stock was bought at an average price of $85.00 per share, for a total transaction of $127,500.00. Following the completion of the transaction, the chief financial officer now directly owns 1,500 shares in the company, valued at $127,500. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 8,000 shares of company stock worth $680,000 and have sold 41,198 shares worth $13,901,970. 9.16% of the stock is owned by corporate insiders.

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.