MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Stock Holdings in Strategy Incorporated (NASDAQ:MSTR)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) by 4,639.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 116,866 shares of the software maker's stock after purchasing an additional 114,400 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Strategy were worth $33,853,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Quadrant Capital Group LLC lifted its holdings in shares of Strategy by 855.6% in the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock valued at $25,000 after buying an additional 77 shares during the period. Riverview Trust Co purchased a new position in Strategy in the fourth quarter worth $25,000. IAG Wealth Partners LLC purchased a new stake in shares of Strategy during the 4th quarter worth $25,000. Dunhill Financial LLC acquired a new position in shares of Strategy during the 4th quarter worth $26,000. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Strategy by 422.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker's stock valued at $27,000 after purchasing an additional 76 shares during the period. 59.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MSTR shares. Barclays increased their target price on shares of Strategy from $421.00 to $475.00 and gave the company an "overweight" rating in a report on Monday, May 5th. BTIG Research restated a "buy" rating on shares of Strategy in a report on Wednesday. UBS Group reaffirmed a "buy" rating on shares of Strategy in a report on Friday. Mizuho assumed coverage on Strategy in a research report on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 price target for the company. Finally, Compass Point raised shares of Strategy to a "strong-buy" rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $514.42.

Strategy Trading Up 0.7%

MSTR traded up $2.77 during trading on Friday, hitting $399.80. The company's stock had a trading volume of 12,343,405 shares, compared to its average volume of 18,076,202. Strategy Incorporated has a twelve month low of $102.40 and a twelve month high of $543.00. The stock has a market cap of $109.31 billion, a PE ratio of -70.97 and a beta of 3.79. The firm's 50 day moving average price is $328.43 and its 200-day moving average price is $333.34. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65.

Strategy (NASDAQ:MSTR - Get Free Report) last released its earnings results on Thursday, May 1st. The software maker reported ($16.49) EPS for the quarter, missing the consensus estimate 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 business had revenue of $111.07 million during the quarter, compared to analyst estimates of $116.66 million. During the same quarter in the previous year, the company posted ($0.83) earnings per share. The business's revenue for the quarter was down 3.6% compared to the same quarter last year.

Insider Activity

In other news, Director Jarrod M. Patten sold 1,100 shares of the business's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $427.00, for a total transaction of $469,700.00. Following the completion of the sale, the director now directly owns 9,170 shares of the company's stock, valued at $3,915,590. The trade was a 10.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Wei-Ming Shao bought 500 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The stock was purchased at an average cost of $85.00 per share, for a total transaction of $42,500.00. Following the completion of the transaction, the executive vice president now directly owns 500 shares in the company, valued at approximately $42,500. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 8,000 shares of company stock valued at $680,000 and sold 41,198 shares valued at $13,901,970. Corporate insiders own 9.16% of the company's stock.

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.