700 Shares in Strategy Incorporated (NASDAQ:MSTR) Bought by Pennington Partners & CO. LLC

Pennington Partners & CO. LLC acquired a new stake in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 700 shares of the software maker's stock, valued at approximately $203,000.

Several other hedge funds have also recently bought and sold shares of the stock. Peapack Gladstone Financial Corp raised its position in Strategy by 900.0% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 2,350 shares of the software maker's stock worth $396,000 after purchasing an additional 2,115 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Strategy by 3.3% in the 3rd quarter. Franklin Resources Inc. now owns 4,248 shares of the software maker's stock valued at $716,000 after acquiring an additional 135 shares during the period. B. Riley Wealth Advisors Inc. acquired a new position in shares of Strategy in the third quarter valued at $254,000. Versant Capital Management Inc lifted its holdings in shares of Strategy by 38.2% during the fourth quarter. Versant Capital Management Inc now owns 141 shares of the software maker's stock worth $41,000 after buying an additional 39 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Strategy by 56.5% during the 4th quarter. GAMMA Investing LLC now owns 562 shares of the software maker's stock valued at $163,000 after acquiring an additional 203 shares during the period. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Strategy Trading Up 3.3 %

Shares of Strategy stock traded up $12.77 during trading on Friday, hitting $394.37. The stock had a trading volume of 15,899,263 shares, compared to its average volume of 18,038,952. 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 firm's fifty day simple moving average is $304.20 and its 200-day simple moving average is $322.82. Strategy Incorporated has a 12 month low of $102.40 and a 12 month high of $543.00. The stock has a market cap of $101.49 billion, a PE ratio of -70.01 and a beta of 3.79.

Strategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings data 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 business had revenue of $111.07 million during 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 was down 3.6% compared to the same quarter last year. During the same period last year, the company earned ($0.83) earnings per share.

Insider Activity at Strategy

In other Strategy news, CFO Andrew Kang acquired 1,500 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were purchased at an average cost of $85.00 per share, for a total transaction of $127,500.00. Following the completion of the acquisition, the chief financial officer now owns 1,500 shares of the company's stock, valued at approximately $127,500. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Jeanine Montgomery sold 481 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $329.27, for a total value of $158,378.87. Following the transaction, the chief accounting officer now owns 7,805 shares of the company's stock, valued at approximately $2,569,952.35. This represents a 5.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders purchased 8,000 shares of company stock valued at $680,000 and sold 37,798 shares valued at $12,535,866. 9.16% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MSTR has been the topic of a number of research reports. Compass Point upgraded Strategy to a "strong-buy" rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods began coverage on Strategy in a research report on Friday, February 7th. They set an "outperform" rating and a $560.00 target price on the stock. Benchmark reaffirmed a "buy" rating and set a $650.00 price target on shares of Strategy in a research report on Tuesday, January 14th. Canaccord Genuity Group increased their target price on shares of Strategy from $409.00 to $464.00 and gave the company a "buy" rating in a research report on Friday. Finally, HC Wainwright initiated coverage on shares of Strategy in a research report on Tuesday. They set a "buy" rating and a $480.00 target price for the company. One analyst has rated the stock with a sell rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $510.33.

About Strategy

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.