Strategy Incorporated (NASDAQ:MSTR) Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC raised its holdings in Strategy Incorporated (NASDAQ:MSTR) by 13,230.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 208,483 shares of the software maker’s stock after buying an additional 206,919 shares during the period. ProShare Advisors LLC’s holdings in Strategy were worth $60,381,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MSTR. Geode Capital Management LLC grew its holdings in shares of Strategy by 10.2% during the fourth quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker’s stock worth $881,470,000 after buying an additional 281,342 shares during the last quarter. Norges Bank acquired a new position in Strategy during the 4th quarter worth approximately $523,981,000. Northern Trust Corp increased its position in Strategy by 24.4% during the 4th quarter. Northern Trust Corp now owns 1,076,185 shares of the software maker’s stock worth $311,685,000 after purchasing an additional 210,997 shares during the period. Charles Schwab Investment Management Inc. increased its position in 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 period. Finally, Amundi increased its position in 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 purchasing an additional 413,028 shares during the period. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Barclays boosted their target price on Strategy from $421.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, May 5th. HC Wainwright assumed coverage on Strategy in a report on Tuesday, April 29th. They issued a “buy” rating and a $480.00 price target on the stock. Mizuho assumed coverage on Strategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price target on the stock. Cantor Fitzgerald lowered their price target on Strategy from $619.00 to $614.00 and set an “overweight” rating on the stock in a report on Monday, May 5th. Finally, Canaccord Genuity Group upped their price target on Strategy from $409.00 to $464.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $514.42.

Insiders Place Their Bets

In related news, EVP Wei-Ming Shao bought 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 $42,500.00. Following the purchase, the executive vice president now directly owns 500 shares of the company’s stock, valued at approximately $42,500. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jarrod M. Patten sold 1,100 shares of Strategy stock in a transaction 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 completion of the sale, the director now directly owns 9,170 shares of the company’s stock, valued at approximately $3,915,590. The trade was a 10.71% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 8,000 shares of company stock worth $680,000 and have sold 41,198 shares worth $13,901,970. 9.16% of the stock is currently owned by company insiders.

Strategy Price Performance

Shares of NASDAQ:MSTR opened at $397.03 on Friday. The firm’s 50 day moving average is $328.43 and its two-hundred day moving average is $333.34. Strategy Incorporated has a 52 week low of $102.40 and a 52 week high of $543.00. The firm has a market capitalization of $108.55 billion, a P/E ratio of -70.48 and a beta of 3.79. 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 (NASDAQ:MSTR) last posted its quarterly earnings data on Thursday, May 1st. The software maker reported ($16.49) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $111.07 million for the quarter, compared to analyst estimates of $116.66 million. During the same quarter in the prior year, the business earned ($0.83) EPS. Strategy’s revenue was down 3.6% compared to the same quarter last year.

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.