Schonfeld Strategic Advisors LLC Reduces Position in Strategy Incorporated (NASDAQ:MSTR)

Schonfeld Strategic Advisors LLC cut its holdings in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) by 92.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,627 shares of the software maker's stock after selling 19,661 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Strategy were worth $471,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In related news, CAO Jeanine Montgomery sold 481 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $329.27, for a total transaction of $158,378.87. Following the sale, the chief accounting officer now owns 7,805 shares of the company's stock, valued at approximately $2,569,952.35. The trade was a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Andrew Kang bought 1,500 shares of Strategy 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 purchase, the chief financial officer now owns 1,500 shares in the company, valued at $127,500. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 8,000 shares of company stock worth $680,000 and have sold 40,098 shares worth $13,432,270. 9.16% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MSTR has been the topic of a number of recent research reports. Maxim Group upped their target price on Strategy from $480.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Benchmark reiterated a "buy" rating and set a $650.00 price target on shares of Strategy in a research report on Tuesday, January 14th. Mizuho began coverage on Strategy in a research report on Wednesday, January 29th. They set an "outperform" rating and a $515.00 price target on the stock. Compass Point upgraded Strategy to a "strong-buy" rating in a research report on Wednesday, January 29th. Finally, HC Wainwright assumed coverage on Strategy in a research report on Tuesday, April 29th. They set a "buy" rating and a $480.00 target price on the stock. One research 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's stock. According to data from MarketBeat.com, Strategy has an average rating of "Moderate Buy" and an average target price of $514.42.

Strategy Trading Down 2.7%

Shares of MSTR stock traded down $11.13 on Monday, hitting $404.90. The stock had a trading volume of 16,180,301 shares, compared to its average volume of 18,099,765. 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 has a market capitalization of $110.70 billion, a P/E ratio of -71.88 and a beta of 3.79. Strategy Incorporated has a 1 year low of $102.40 and a 1 year high of $543.00. The company's 50 day moving average price is $318.40 and its 200-day moving average price is $329.95.

Strategy (NASDAQ:MSTR - Get Free Report) last announced its 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 return on equity of 19.01% and a negative net margin of 251.73%. The business had revenue of $111.07 million for the quarter, compared to analysts' expectations of $116.66 million. During the same period in the previous year, the company earned ($0.83) earnings per share. Strategy's quarterly revenue was down 3.6% on a year-over-year basis.

Strategy 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.