Strategy Incorporated (NASDAQ:MSTR) Shares Sold by Riverview Capital Advisers LLC

Riverview Capital Advisers LLC trimmed its position in shares of Strategy Incorporated (NASDAQ:MSTR) by 6.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,908 shares of the software maker’s stock after selling 122 shares during the quarter. Riverview Capital Advisers LLC’s holdings in Strategy were worth $553,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new stake in Strategy during the fourth quarter worth about $81,783,000. Clarity Capital Partners LLC raised its position in Strategy by 122.3% in the fourth quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker’s stock valued at $7,274,000 after purchasing an additional 13,817 shares during the period. 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. Chung Wu Investment Group LLC acquired a new position in Strategy in the fourth quarter valued at about $850,000. Finally, Crew Capital Management Ltd. purchased a new stake in shares of Strategy in the 4th quarter valued at approximately $333,000. 59.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on MSTR shares. Barclays boosted their target price on Strategy from $421.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday, May 5th. BTIG Research reaffirmed a “buy” rating on shares of Strategy in a research note on Wednesday. Monness Crespi & Hardt downgraded 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. Compass Point upgraded Strategy to a “strong-buy” rating in a report on Wednesday, January 29th. Finally, Canaccord Genuity Group lifted their target price on Strategy from $409.00 to $464.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $514.42.

Strategy Stock Performance

Shares of MSTR opened at $416.75 on Thursday. Strategy Incorporated has a 1 year low of $102.40 and a 1 year high of $543.00. The stock has a market capitalization of $113.94 billion, a PE ratio of -73.98 and a beta of 3.79. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The stock has a 50-day simple moving average of $325.27 and a 200-day simple moving average of $332.36.

Strategy (NASDAQ:MSTR) last released 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 return on equity of 19.01% and a negative net margin of 251.73%. The firm had revenue of $111.07 million for the quarter, compared to analysts’ expectations of $116.66 million. During the same period last year, the firm posted ($0.83) earnings per share. Strategy’s revenue for the quarter was down 3.6% on a year-over-year basis.

Insider Transactions at Strategy

In related news, CAO Jeanine Montgomery sold 481 shares of Strategy stock in a transaction on Monday, March 24th. The shares were sold at an average price of $329.27, for a total transaction of $158,378.87. Following the sale, the chief accounting officer now directly owns 7,805 shares in the company, valued at $2,569,952.35. This trade represents a 5.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Andrew Kang acquired 1,500 shares of the firm’s stock in a transaction on Thursday, March 20th. The stock was bought 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 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 disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 8,000 shares of company stock valued at $680,000 and have sold 41,198 shares valued at $13,901,970. Corporate insiders own 9.16% of the company’s stock.

About Strategy

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.