Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) Director Sells $240,500.00 in Stock

Key Points

• Director Jarrod Patten sold 1,850 STRC shares at an average price of $130, generating $240,500 and reducing his holdings by 6.11% to 28,406 shares.
• STRC traded at $97.10, near the upper end of its 12-month range of $71.25 to $100.42. The company declared a $0.50 dividend payable September 15 to shareholders of record August 31.
• Ethos Financial Group increased its position by 198.7% in the first quarter, while hedge funds and institutional investors collectively own 26.02% of STRC.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Get Free Report) Director Jarrod Patten sold 1,850 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $130.00, for a total value of $240,500.00. Following the transaction, the director owned 28,406 shares in the company, valued at $3,692,780. This trade represents a 6.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Stock Performance

NASDAQ:STRC traded down $0.23 during trading hours on Monday, reaching $97.10. 2,529,158 shares of the company were exchanged, compared to its average volume of 2,498,239. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of -21.58 and a beta of 3.25. Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock has a twelve month low of $71.25 and a twelve month high of $100.42. The stock has a 50-day moving average of $89.80.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Announces Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a $0.50 dividend. The ex-dividend date is Monday, August 31st.

Hedge Funds Weigh In On Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock

A hedge fund recently raised its position in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock. Ethos Financial Group LLC increased its position in shares of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC - Free Report) by 198.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,530 shares of the company's stock after purchasing an additional 5,009 shares during the quarter. Ethos Financial Group LLC's holdings in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock were worth $753,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 26.02% of the company's stock.

About Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock

Strategy Inc is a bitcoin treasury company and a provider of business intelligence services. It is designed to provide investors varying degrees of economic exposure to Bitcoin by offering a range of securities, including equity and fixed-income instruments. The company also provides industry AI-powered enterprise analytics software. It has one reportable operating segment: the Software Business, which is engaged in the design, development, marketing, and sales of the company's enterprise analytics software platform through cloud subscriptions and licensing arrangements and related services (i.e., product support, consulting, and education).

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