Comerica Bank Raises Stock Position in Strategy Incorporated (NASDAQ:MSTR)

Comerica Bank grew its holdings in Strategy Incorporated (NASDAQ:MSTR - Free Report) by 456.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,639 shares of the software maker's stock after purchasing an additional 19,390 shares during the period. Comerica Bank's holdings in Strategy were worth $6,846,000 as of its most recent filing with the Securities & Exchange Commission.

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

Strategy Stock Performance

Shares of NASDAQ:MSTR traded down $0.67 during trading on Tuesday, hitting $385.86. The stock had a trading volume of 9,411,527 shares, compared to its average volume of 17,990,877. The stock has a 50-day simple moving average of $306.66 and a two-hundred day simple moving average of $324.92. The stock has a market capitalization of $99.30 billion, a price-to-earnings ratio of -68.50 and a beta of 3.79. Strategy Incorporated has a 12-month low of $102.40 and a 12-month high of $543.00. The company has a quick ratio of 0.65, a current ratio of 0.71 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 return on equity of 19.01% and a negative net margin of 251.73%. The company had revenue of $111.07 million for the quarter, compared to analyst estimates of $116.66 million. During the same period in the prior year, the business posted ($0.83) earnings per share. Strategy's revenue for the quarter was down 3.6% on a year-over-year basis.

Insider Buying and Selling at Strategy

In other Strategy news, Director Jarrod M. Patten sold 3,100 shares of the company's stock in a transaction dated Friday, April 25th. The shares were 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 in the company, valued at approximately $1,815,690.10. This represents a 38.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Wei-Ming Shao bought 500 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were acquired at an average price of $85.00 per share, for a total transaction of $42,500.00. Following the completion of the transaction, the executive vice president now directly owns 500 shares in the company, valued at approximately $42,500. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 8,000 shares of company stock valued at $680,000 and sold 37,798 shares valued at $12,535,866. 9.16% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MSTR. 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 report on Tuesday, April 1st. Benchmark reiterated a "buy" rating and issued a $650.00 target price on shares of Strategy in a research note on Tuesday, January 14th. Barclays increased their price target on shares of Strategy from $421.00 to $475.00 and gave the company an "overweight" rating in a research report on Monday. Mizuho assumed coverage on shares of Strategy in a research report on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 price objective on the stock. Finally, Cantor Fitzgerald decreased their target price on shares of Strategy from $619.00 to $614.00 and set an "overweight" rating for the company in a research report on Monday. One research analyst has rated the stock with a sell rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $514.42.

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.