JT Stratford LLC Acquires Shares of 1,377 Strategy Incorporated (NASDAQ:MSTR)

JT Stratford LLC bought a new position in shares of Strategy Incorporated (NASDAQ:MSTR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,377 shares of the software maker’s stock, valued at approximately $399,000.

Other large investors have also made changes to their positions in the company. Norges Bank purchased a new position in Strategy during the fourth quarter worth approximately $523,981,000. Amundi raised its holdings in shares of Strategy by 262.8% during the 4th quarter. Amundi now owns 570,217 shares of the software maker’s stock worth $165,146,000 after acquiring an additional 413,028 shares during the period. First Trust Advisors LP boosted its position in shares of Strategy by 266.1% during the 4th quarter. First Trust Advisors LP now owns 417,574 shares of the software maker’s stock valued at $120,938,000 after acquiring an additional 303,517 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Strategy in the fourth quarter valued at about $81,783,000. Finally, Geode Capital Management LLC grew its holdings in shares of 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 purchasing an additional 281,342 shares during the period. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on MSTR shares. Barclays reaffirmed a “hold” rating on shares of Strategy in a research note on Monday. Maxim Group lifted their price target on shares of Strategy from $480.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Monness Crespi & Hardt cut Strategy from a “neutral” rating to a “sell” rating and set a $220.00 price objective on the stock. in a report on Tuesday, April 1st. HC Wainwright initiated coverage on Strategy in a research note on Tuesday, April 29th. They set a “buy” rating and a $480.00 target price for the company. Finally, UBS Group restated a “buy” rating on shares of Strategy in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Strategy presently has an average rating of “Moderate Buy” and a consensus target price of $514.42.

Strategy Stock Down 0.8%

NASDAQ:MSTR opened at $399.46 on Friday. Strategy Incorporated has a 52 week low of $102.40 and a 52 week high of $543.00. The stock’s fifty day moving average is $341.51 and its two-hundred day moving average is $339.06. The stock has a market capitalization of $109.21 billion, a price-to-earnings ratio of -70.91 and a beta of 3.79. 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) last posted its quarterly earnings data on Thursday, May 1st. The software maker reported ($16.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($16.47). Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%. The firm had revenue of $111.07 million during the quarter, compared to analysts’ expectations of $116.66 million. During the same quarter in the prior year, the firm posted ($0.83) EPS. Strategy’s quarterly revenue was down 3.6% compared to the same quarter last year.

Insiders Place Their Bets

In other Strategy news, Director Jarrod M. Patten sold 1,100 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $427.00, for a total transaction of $469,700.00. Following the sale, the director now directly owns 9,170 shares in the company, valued at $3,915,590. This represents a 10.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Andrew Kang purchased 1,500 shares of the company’s stock in a transaction on Thursday, March 20th. The stock was acquired at an average price of $85.00 per share, with a total value of $127,500.00. Following the purchase, the chief financial officer now owns 1,500 shares of the company’s stock, valued at approximately $127,500. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 8,000 shares of company stock worth $680,000 and have sold 46,836 shares worth $16,214,791. Insiders own 9.16% of the company’s stock.

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.