Strategy Incorporated (NASDAQ:MSTR) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC trimmed its position in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) by 62.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 175,369 shares of the software maker's stock after selling 296,226 shares during the quarter. Hsbc Holdings PLC owned approximately 0.07% of Strategy worth $51,136,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in Strategy by 10.2% in the fourth quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker's stock valued at $881,470,000 after acquiring an additional 281,342 shares during the last quarter. Norges Bank purchased a new position in shares of Strategy during the 4th quarter worth $523,981,000. Charles Schwab Investment Management Inc. increased its position in shares of Strategy by 14.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker's stock worth $220,626,000 after purchasing an additional 97,515 shares during the last quarter. Amundi raised its holdings in Strategy by 262.8% in the 4th 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 during the period. Finally, Swiss National Bank lifted its position in Strategy by 10.4% in the fourth quarter. Swiss National Bank now owns 517,000 shares of the software maker's stock valued at $149,734,000 after buying an additional 48,800 shares during the last quarter. Institutional investors and hedge funds own 59.84% of the company's stock.

Strategy Stock Performance

MSTR stock traded up $9.92 on Tuesday, hitting $379.17. The company's stock had a trading volume of 5,523,861 shares, compared to its average volume of 18,020,265. 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 Incorporated has a 1 year low of $101.00 and a 1 year high of $543.00. The firm has a 50 day moving average of $296.58 and a two-hundred day moving average of $318.45. The stock has a market cap of $97.58 billion, a price-to-earnings ratio of -67.20 and a beta of 3.46.

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

Insider Activity

In related news, Director Leslie J. Rechan sold 15,000 shares of Strategy stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the completion of the transaction, the director now directly owns 4,970 shares in the company, valued at $1,669,423. The trade was a 75.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Wei-Ming Shao bought 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 $42,500.00. Following the purchase, the executive vice president now owns 500 shares in the company, valued at $42,500. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 8,000 shares of company stock worth $680,000 and sold 34,698 shares worth $11,403,343. Company insiders own 9.16% of the company's stock.

Analyst Upgrades and Downgrades

MSTR has been the subject of a number of recent analyst reports. HC Wainwright assumed coverage on shares of Strategy in a research report on Tuesday. They set a "buy" rating and a $480.00 price target for the company. Maxim Group boosted 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. Compass Point upgraded Strategy to a "strong-buy" rating in a research report on Wednesday, January 29th. Barclays cut their price objective on Strategy from $515.00 to $421.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Finally, Mizuho began 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. One analyst has rated the stock with a sell rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Strategy presently has an average rating of "Moderate Buy" and a consensus price target of $505.75.

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.