Rafferty Asset Management LLC Buys Shares of 36,833 Strategy Incorporated (NASDAQ:MSTR)

Rafferty Asset Management LLC acquired a new position in Strategy Incorporated (NASDAQ:MSTR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 36,833 shares of the software maker's stock, valued at approximately $10,668,000.

Other hedge funds have also bought and sold shares of the company. Norges Bank acquired a new position in Strategy in the 4th quarter worth about $523,981,000. Amundi increased its position in shares of Strategy by 262.8% in the fourth quarter. Amundi now owns 570,217 shares of the software maker's stock valued at $165,146,000 after buying an additional 413,028 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Strategy by 266.1% during the 4th quarter. First Trust Advisors LP now owns 417,574 shares of the software maker's stock worth $120,938,000 after buying an additional 303,517 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Strategy during the 4th quarter worth approximately $81,783,000. Finally, Geode Capital Management LLC lifted its position in shares of Strategy by 10.2% during the 4th quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker's stock valued at $881,470,000 after buying an additional 281,342 shares in the last quarter. Hedge funds and other institutional investors own 59.84% of the company's stock.

Insiders Place Their Bets

In other news, EVP Wei-Ming Shao purchased 500 shares of the company's stock in a transaction dated Thursday, March 20th. The stock was acquired at an average price of $85.00 per share, with a total value of $42,500.00. Following the purchase, the executive vice president now directly owns 500 shares in the company, valued at approximately $42,500. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jarrod M. Patten sold 1,100 shares of Strategy stock in a transaction that occurred 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 sale, the director now directly owns 9,170 shares in the company, valued at approximately $3,915,590. The trade was a 10.71% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 8,000 shares of company stock valued at $680,000 and have sold 41,198 shares valued at $13,901,970. 9.16% of the stock is owned by insiders.

Strategy Trading Up 3.4%

NASDAQ:MSTR traded up $13.62 during trading hours on Monday, hitting $413.42. The company had a trading volume of 12,753,335 shares, compared to its average volume of 18,079,112. Strategy Incorporated has a 1 year low of $102.40 and a 1 year high of $543.00. The company has a market cap of $113.03 billion, a P/E ratio of -73.39 and a beta of 3.79. The company has a 50-day moving average of $331.21 and a 200 day moving average of $335.55. 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 announced its quarterly earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share 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 firm had revenue of $111.07 million for the quarter, compared to analyst estimates of $116.66 million. During the same period in the previous year, the firm posted ($0.83) EPS. The company's revenue was down 3.6% compared to the same quarter last year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. HC Wainwright assumed coverage on shares of Strategy in a report on Tuesday, April 29th. They set a "buy" rating and a $480.00 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 reissued a "hold" rating on shares of Strategy in a report on Monday. Keefe, Bruyette & Woods initiated coverage on Strategy in a research note on Friday, February 7th. They issued an "outperform" rating and a $560.00 price target on the stock. Finally, Cantor Fitzgerald reiterated a "hold" rating on shares of Strategy in a research report on Monday. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Strategy presently has a consensus rating of "Moderate Buy" and a consensus target price of $514.42.

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.