Public Employees Retirement Association of Colorado Grows Stock Position in Strategy Incorporated (NASDAQ:MSTR)

Public Employees Retirement Association of Colorado boosted its position in Strategy Incorporated (NASDAQ:MSTR - Free Report) by 15.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,280 shares of the software maker's stock after acquiring an additional 2,460 shares during the period. Public Employees Retirement Association of Colorado's holdings in Strategy were worth $5,294,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Riverview Trust Co bought a new stake in Strategy during the fourth quarter worth $25,000. IAG Wealth Partners LLC purchased a new stake in shares of Strategy in the fourth quarter valued at about $25,000. Quadrant Capital Group LLC lifted its position in shares of Strategy by 855.6% during the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock valued at $25,000 after purchasing an additional 77 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in Strategy by 422.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker's stock worth $27,000 after purchasing an additional 76 shares during the last quarter. Finally, Aspect Partners LLC purchased a new stake in Strategy in the 4th quarter valued at about $28,000. Institutional investors own 59.84% of the company's stock.

Strategy Stock Performance

Shares of Strategy stock traded up $1.49 during trading hours on Thursday, reaching $381.60. The company had a trading volume of 16,825,674 shares, compared to its average volume of 18,027,089. The firm has a market cap of $98.21 billion, a PE ratio of -67.74 and a beta of 3.46. Strategy Incorporated has a one year low of $102.40 and a one year high of $543.00. 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 has a fifty day simple moving average of $301.32 and a 200 day simple moving average of $320.55.

Strategy (NASDAQ:MSTR - Get Free Report) last posted its 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). Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%. During the same period in the previous year, the business posted ($0.83) EPS. The company's revenue was down 3.6% compared to the same quarter last year.

Insiders Place Their Bets

In related news, CFO Andrew Kang bought 1,500 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The stock was bought at an average cost of $85.00 per share, for a total transaction of $127,500.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jarrod M. Patten sold 3,100 shares of the company's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $365.33, for a total value of $1,132,523.00. Following the completion of the transaction, the director now owns 4,970 shares of the company's stock, valued at $1,815,690.10. The trade was a 38.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have bought 8,000 shares of company stock worth $680,000 and have sold 37,798 shares worth $12,535,866. Corporate insiders own 9.16% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on MSTR shares. Keefe, Bruyette & Woods initiated coverage on Strategy in a research report on Friday, February 7th. They set an "outperform" rating and a $560.00 price target for the company. 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 note on Tuesday, April 1st. Canaccord Genuity Group cut their price target on shares of Strategy from $510.00 to $409.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Mizuho assumed coverage on shares of Strategy in a report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 price objective for the company. Finally, Compass Point upgraded shares of Strategy to a "strong-buy" rating in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $505.75.

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.