Voya Investment Management LLC Sells 8,914,074 Shares of Strategy Incorporated (NASDAQ:MSTR)

Voya Investment Management LLC lowered its position in shares of Strategy Incorporated (NASDAQ:MSTR - Free Report) by 98.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,867 shares of the software maker's stock after selling 8,914,074 shares during the period. Voya Investment Management LLC's holdings in Strategy were worth $31,530,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MSTR. Riverview Trust Co bought a new position in shares of Strategy in the fourth quarter worth $25,000. IAG Wealth Partners LLC bought a new position in Strategy in the 4th quarter worth about $25,000. Quadrant Capital Group LLC raised its holdings 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 valued at $25,000 after acquiring an additional 77 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Strategy by 422.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker's stock valued at $27,000 after acquiring an additional 76 shares during the last quarter. Finally, Aspect Partners LLC purchased a new position in shares of Strategy during the fourth quarter worth about $28,000. Institutional investors own 59.84% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Canaccord Genuity Group cut their price target on shares of Strategy from $510.00 to $409.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Keefe, Bruyette & Woods assumed coverage on Strategy in a report on Friday, February 7th. They set an "outperform" rating and a $560.00 price objective on the stock. Mizuho initiated coverage on Strategy in a research note on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 target price for the company. Monness Crespi & Hardt downgraded shares of Strategy from a "neutral" rating to a "sell" rating and set a $220.00 price target on the stock. in a research note on Tuesday, April 1st. Finally, Benchmark reaffirmed a "buy" rating and issued a $650.00 price objective on shares of Strategy in a research note on Tuesday, January 14th. One equities 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, Strategy currently has an average rating of "Moderate Buy" and an average price target of $505.75.

Strategy Trading Up 0.0 %

Strategy stock traded up $0.09 during trading hours on Wednesday, reaching $381.54. The stock had a trading volume of 7,610,882 shares, compared to its average volume of 18,040,798. The stock has a market cap of $98.19 billion, a PE ratio of -67.73 and a beta of 3.46. The company has a fifty day simple moving average of $297.73 and a 200-day simple moving average of $318.89. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. Strategy Incorporated has a 52 week low of $101.00 and a 52 week high of $543.00.

Strategy (NASDAQ:MSTR - Get Free Report) last announced 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 Buying and Selling

In related news, CFO Andrew Kang purchased 1,500 shares of Strategy stock in a transaction that occurred on Thursday, March 20th. The shares were bought at an average price of $85.00 per share, for a total transaction of $127,500.00. Following the completion of the transaction, the chief financial officer now directly owns 1,500 shares of the company's stock, valued at $127,500. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jarrod M. Patten sold 3,100 shares of the company's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $365.33, for a total value of $1,132,523.00. Following the transaction, the director now owns 4,970 shares in the company, valued at $1,815,690.10. This trade represents a 38.41 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 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 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.