Ionic Capital Management LLC Makes New $396,000 Investment in Strategy Incorporated (NASDAQ:MSTR)

Ionic Capital Management LLC acquired a new position in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,369 shares of the software maker's stock, valued at approximately $396,000.

Several other large investors have also made changes to their positions in the company. Geode Capital Management LLC increased its stake in shares of Strategy by 10.2% in the fourth quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker's stock worth $881,470,000 after buying an additional 281,342 shares during the last quarter. Norges Bank bought a new stake in shares of Strategy in the 4th quarter worth about $523,981,000. Northern Trust Corp raised its stake in shares of Strategy by 24.4% in the 4th quarter. Northern Trust Corp now owns 1,076,185 shares of the software maker's stock valued at $311,685,000 after purchasing an additional 210,997 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Strategy by 14.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker's stock worth $220,626,000 after purchasing an additional 97,515 shares during the last quarter. Finally, Amundi grew its stake in Strategy by 262.8% in the fourth quarter. Amundi now owns 570,217 shares of the software maker's stock worth $165,146,000 after purchasing an additional 413,028 shares in the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related 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 completion of the transaction, the director now directly owns 9,170 shares of the company's stock, valued at $3,915,590. This trade represents a 10.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jeanine Montgomery sold 481 shares of Strategy stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $329.27, for a total transaction of $158,378.87. Following the sale, the chief accounting officer now owns 7,805 shares in the company, valued at approximately $2,569,952.35. This trade represents a 5.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 8,000 shares of company stock valued at $680,000 and have sold 41,198 shares valued at $13,901,970. 9.16% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on MSTR shares. Maxim Group upped their price objective on Strategy from $480.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Compass Point upgraded shares of Strategy to a "strong-buy" rating in a research report on Wednesday, January 29th. Cantor Fitzgerald cut their target price on Strategy from $619.00 to $614.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Monness Crespi & Hardt cut shares of Strategy from a "neutral" rating to a "sell" rating and set a $220.00 target price for the company. in a research report on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods assumed coverage on Strategy in a research report on Friday, February 7th. They set an "outperform" rating and a $560.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $514.42.

Strategy Stock Down 2.0%

MSTR stock traded down $8.18 during midday trading on Thursday, reaching $408.57. The company had a trading volume of 1,748,997 shares, compared to its average volume of 18,059,355. The company has a 50 day moving average of $325.27 and a two-hundred day moving average of $332.36. 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. The company has a market capitalization of $111.70 billion, a P/E ratio of -72.39 and a beta of 3.79.

Strategy (NASDAQ:MSTR - Get Free Report) last posted its quarterly 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 firm 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 revenue for the quarter was down 3.6% on a year-over-year basis. During the same period last year, the business earned ($0.83) earnings per share.

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.