MML Investors Services LLC Sells 28,642 Shares of Strategy Incorporated (NASDAQ:MSTR)

MML Investors Services LLC cut its stake in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) by 47.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,190 shares of the software maker's stock after selling 28,642 shares during the period. MML Investors Services LLC's holdings in Strategy were worth $9,323,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Maryland State Retirement & Pension System boosted its holdings in shares of Strategy by 0.3% in the 4th quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker's stock valued at $2,604,000 after purchasing an additional 30 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its holdings in shares of Strategy by 3.2% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker's stock worth $324,000 after acquiring an additional 35 shares during the last quarter. Oder Investment Management LLC grew its holdings in shares of Strategy by 3.1% during the 4th quarter. Oder Investment Management LLC now owns 1,268 shares of the software maker's stock valued at $367,000 after purchasing an additional 38 shares during the last quarter. Versant Capital Management Inc lifted its stake in Strategy by 38.2% in the 4th quarter. Versant Capital Management Inc now owns 141 shares of the software maker's stock valued at $41,000 after purchasing an additional 39 shares during the last quarter. Finally, WR Wealth Planners LLC boosted its position in Strategy by 22.6% in the fourth quarter. WR Wealth Planners LLC now owns 260 shares of the software maker's stock valued at $75,000 after buying an additional 48 shares in the last quarter. Institutional investors own 59.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MSTR. Cantor Fitzgerald increased their price target on Strategy from $613.00 to $619.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Mizuho assumed coverage on Strategy in a research report on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 target price for the company. Benchmark restated a "buy" rating and set a $650.00 price target on shares of Strategy in a report on Tuesday, January 14th. Compass Point raised shares of Strategy to a "strong-buy" rating in a report on Wednesday, January 29th. Finally, Monness Crespi & Hardt downgraded shares of Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price target for the company. in a research note on Tuesday, April 1st. 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 company. According to data from MarketBeat, Strategy presently has an average rating of "Moderate Buy" and a consensus target price of $508.09.

Insider Buying and Selling at Strategy

In related news, Director Jarrod M. Patten sold 1,700 shares of the firm's stock in a transaction dated Tuesday, April 22nd. The shares were sold at an average price of $342.01, for a total value of $581,417.00. Following the transaction, the director now owns 4,970 shares of the company's stock, valued at approximately $1,699,789.70. This trade represents a 25.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jeanine Montgomery sold 481 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was 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 of the company's stock, valued at $2,569,952.35. This represents a 5.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders bought 8,000 shares of company stock valued at $680,000 and sold 34,698 shares valued at $11,403,343. Insiders own 9.16% of the company's stock.

Strategy Trading Down 2.4 %

MSTR traded down $8.86 during trading on Monday, reaching $359.85. 5,977,993 shares of the stock traded hands, compared to its average volume of 18,048,486. Strategy Incorporated has a 12 month low of $101.00 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. The stock's 50-day moving average is $295.57 and its 200 day moving average is $317.35. The stock has a market capitalization of $92.61 billion, a PE ratio of -64.04 and a beta of 3.46.

Strategy (NASDAQ:MSTR - Get Free Report) last issued its earnings results 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%.

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.