ProShare Advisors LLC Raises Holdings in Strategy Incorporated (NASDAQ:MSTR)

ProShare Advisors LLC grew its position in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) by 13,230.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 208,483 shares of the software maker's stock after buying an additional 206,919 shares during the period. ProShare Advisors LLC owned 0.09% of Strategy worth $60,381,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Franklin Resources Inc. lifted its holdings in Strategy by 3.3% during the 3rd quarter. Franklin Resources Inc. now owns 4,248 shares of the software maker's stock worth $716,000 after purchasing an additional 135 shares in the last quarter. Capital Investment Advisors LLC purchased a new stake in Strategy during the 4th quarter worth about $444,000. Accurate Wealth Management LLC purchased a new stake in Strategy during the 4th quarter worth about $241,000. Assenagon Asset Management S.A. lifted its holdings in Strategy by 94.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 4,988 shares of the software maker's stock worth $1,445,000 after purchasing an additional 2,423 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its holdings in Strategy by 22.0% during the 4th quarter. Park Avenue Securities LLC now owns 8,469 shares of the software maker's stock worth $2,453,000 after purchasing an additional 1,528 shares in the last quarter. Hedge funds and other institutional investors own 59.84% of the company's stock.

Insider Activity

In related news, CFO Andrew Kang purchased 1,500 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The stock was purchased at an average price of $85.00 per share, with a total value of $127,500.00. Following the completion of the acquisition, the chief financial officer now owns 1,500 shares in the company, valued at $127,500. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Jeanine Montgomery sold 481 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $329.27, for a total value of $158,378.87. Following the completion of the sale, the chief accounting officer now directly owns 7,805 shares of the company's stock, valued at approximately $2,569,952.35. This represents a 5.80% 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 valued at $680,000 and sold 41,198 shares valued at $13,901,970. Insiders own 9.16% of the company's stock.

Analysts Set New Price Targets

MSTR has been the topic of a number of recent research reports. Canaccord Genuity Group increased their price objective on Strategy from $409.00 to $464.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Mizuho initiated coverage on Strategy in a report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 price objective on the stock. Monness Crespi & Hardt cut Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price objective on the stock. in a report on Tuesday, April 1st. Barclays increased their price objective on Strategy from $421.00 to $475.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Finally, HC Wainwright began coverage on Strategy in a research note on Tuesday, April 29th. They issued a "buy" rating and a $480.00 target price on the stock. One investment analyst has rated the stock with a sell rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $514.42.

Strategy Trading Down 4.7%

Shares of NASDAQ:MSTR opened at $397.03 on Friday. Strategy Incorporated has a 12-month low of $102.40 and a 12-month high of $543.00. The business's fifty day simple moving average is $328.43 and its 200-day simple moving average is $333.34. The company has a market capitalization of $108.55 billion, a PE ratio of -70.48 and a beta of 3.79. 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 (NASDAQ:MSTR - Get Free Report) last posted 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). Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%. The business had revenue of $111.07 million during the quarter, compared to analyst estimates of $116.66 million. During the same period in the previous year, the business earned ($0.83) EPS. The firm's revenue for the quarter was down 3.6% compared to the same quarter last year.

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.

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