Ionic Capital Management LLC Purchases Shares of 1,369 Strategy Incorporated (NASDAQ:MSTR)

Ionic Capital Management LLC bought a new stake in Strategy Incorporated (NASDAQ:MSTR - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,369 shares of the software maker's stock, valued at approximately $396,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC purchased a new stake in shares of Strategy in the 4th quarter valued at approximately $81,783,000. Clarity Capital Partners LLC raised its stake in Strategy by 122.3% in the fourth quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker's stock valued at $7,274,000 after buying an additional 13,817 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Strategy by 14.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker's stock worth $220,626,000 after acquiring an additional 97,515 shares in the last quarter. Chung Wu Investment Group LLC purchased a new position in shares of Strategy in the 4th quarter valued at about $850,000. Finally, Crew Capital Management Ltd. acquired a new stake in shares of Strategy during the 4th quarter worth about $333,000. 59.84% of the stock is owned by institutional investors and hedge funds.

Strategy Price Performance

MSTR traded up $0.43 during midday trading on Tuesday, reaching $405.33. 3,278,857 shares of the company's stock were exchanged, compared to its average volume of 18,042,030. Strategy Incorporated has a 1-year low of $102.40 and a 1-year high of $543.00. The stock has a market capitalization of $110.82 billion, a PE ratio of -71.96 and a beta of 3.79. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The business's 50-day moving average price is $320.33 and its 200 day moving average price is $331.14.

Strategy (NASDAQ:MSTR - Get Free Report) last announced its earnings results on Thursday, May 1st. The software maker reported ($16.49) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($16.47). Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%. The company had revenue of $111.07 million for the quarter, compared to analyst estimates of $116.66 million. During the same quarter last year, the company posted ($0.83) EPS. Strategy's quarterly revenue was down 3.6% compared to the same quarter last year.

Insider Buying and Selling

In other Strategy news, Director Leslie J. Rechan sold 15,000 shares of the firm'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 sale, the director now directly owns 4,970 shares of the company's stock, valued at $1,669,423. This trade represents a 75.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jarrod M. Patten sold 1,100 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $395.00, for a total transaction of $434,500.00. Following the transaction, the director now directly owns 9,170 shares in the company, valued at $3,622,150. The trade was a 10.71% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders purchased 8,000 shares of company stock worth $680,000 and sold 40,098 shares worth $13,432,270. 9.16% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MSTR. Canaccord Genuity Group upped their price objective on shares of Strategy from $409.00 to $464.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Maxim Group raised their price objective on shares of Strategy from $480.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. HC Wainwright began 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. Keefe, Bruyette & Woods started coverage on shares of Strategy in a research note on Friday, February 7th. They set an "outperform" rating and a $560.00 price target on the stock. Finally, Monness Crespi & Hardt cut 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. One analyst has rated the stock with a sell rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.