Stifel Financial Corp Raises Position in Strategy Incorporated (NASDAQ:MSTR)

Stifel Financial Corp lifted its position in Strategy Incorporated (NASDAQ:MSTR - Free Report) by 16.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 226,310 shares of the software maker's stock after purchasing an additional 32,470 shares during the period. Stifel Financial Corp owned about 0.09% of Strategy worth $65,544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Garden State Investment Advisory Services LLC grew its stake in Strategy by 1,005.0% during the third quarter. Garden State Investment Advisory Services LLC now owns 2,630 shares of the software maker's stock valued at $443,000 after acquiring an additional 2,392 shares in the last quarter. Virtu Financial LLC grew its stake in Strategy by 10,398.4% during the third quarter. Virtu Financial LLC now owns 224,245 shares of the software maker's stock valued at $37,808,000 after acquiring an additional 222,109 shares in the last quarter. Peapack Gladstone Financial Corp grew its stake in Strategy by 900.0% during the third quarter. Peapack Gladstone Financial Corp now owns 2,350 shares of the software maker's stock valued at $396,000 after acquiring an additional 2,115 shares in the last quarter. Franklin Resources Inc. grew its stake in Strategy by 3.3% during the third 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 in the last quarter. Finally, Beaird Harris Wealth Management LLC grew its stake in Strategy by 1,105.2% during the third quarter. Beaird Harris Wealth Management LLC now owns 4,640 shares of the software maker's stock valued at $782,000 after acquiring an additional 4,255 shares in the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

Strategy Trading Up 5.2 %

Shares of NASDAQ:MSTR traded up $18.37 during trading on Friday, reaching $368.71. 19,291,754 shares of the company were exchanged, compared to its average volume of 18,095,762. 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 $94.89 billion, a PE ratio of -65.46 and a beta of 3.46. The business's fifty day simple moving average is $295.57 and its 200-day simple moving average is $317.35. Strategy Incorporated has a 12-month low of $101.00 and a 12-month high of $543.00.

Strategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($3.07). Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Wall Street Analyst Weigh In

MSTR has been the subject of a number of recent research reports. Maxim Group lifted their price objective on shares of Strategy from $480.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods initiated coverage on shares of Strategy in a research note on Friday, February 7th. They issued an "outperform" rating and a $560.00 price objective for the company. Cantor Fitzgerald lifted their price objective on shares of Strategy from $613.00 to $619.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Monness Crespi & Hardt cut shares of Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price objective for the company. in a research note on Tuesday, April 1st. Finally, Mizuho initiated coverage on shares of Strategy in a research note on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 price objective for the company. One analyst has rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $508.09.

Insider Buying and Selling

In related news, EVP Wei-Ming Shao bought 500 shares of the company's stock in a transaction on Thursday, March 20th. The shares were acquired at an average price of $85.00 per share, with a total value of $42,500.00. Following the transaction, the executive vice president now owns 500 shares of the company's stock, valued at $42,500. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Jeanine Montgomery sold 481 shares of the stock in a transaction 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 sale, the chief accounting officer now directly owns 7,805 shares in the company, valued at $2,569,952.35. This trade represents a 5.80 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 8,000 shares of company stock valued at $680,000 and have sold 34,698 shares valued at $11,403,343. 9.16% of the stock is owned by insiders.

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.