Rafferty Asset Management LLC Invests $10.67 Million in Strategy Incorporated (NASDAQ:MSTR)

Rafferty Asset Management LLC bought a new position in Strategy Incorporated (NASDAQ:MSTR) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 36,833 shares of the software maker’s stock, valued at approximately $10,668,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quadrant Capital Group LLC boosted its stake 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 worth $25,000 after buying an additional 77 shares during the last quarter. Riverview Trust Co bought a new stake in shares of Strategy in the 4th quarter worth approximately $25,000. IAG Wealth Partners LLC bought a new stake in shares of Strategy in the 4th quarter worth approximately $25,000. Dunhill Financial LLC bought a new stake in shares of Strategy in the 4th quarter worth approximately $26,000. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Strategy by 422.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock worth $27,000 after purchasing an additional 76 shares during the period. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Insider Transactions at Strategy

In related news, CAO Jeanine Montgomery sold 481 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $329.27, for a total value of $158,378.87. Following the completion of the transaction, the chief accounting officer now directly owns 7,805 shares in the company, valued at approximately $2,569,952.35. The trade was a 5.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jarrod M. Patten sold 1,100 shares of the company’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $427.00, for a total transaction of $469,700.00. Following the completion of the transaction, the director now owns 9,170 shares of the company’s stock, valued at $3,915,590. This trade represents a 10.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 8,000 shares of company stock valued at $680,000 and have sold 41,198 shares valued at $13,901,970. Insiders own 9.16% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on MSTR. Cantor Fitzgerald lowered their price target on shares of Strategy from $619.00 to $614.00 and set an “overweight” rating on the stock in a report on Monday, May 5th. UBS Group reaffirmed a “buy” rating on shares of Strategy in a report on Friday. Canaccord Genuity Group lifted their price target on shares of Strategy from $409.00 to $464.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Barclays boosted their target price on shares of Strategy from $421.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, May 5th. Finally, Mizuho began coverage on shares of Strategy in a report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $514.42.

Strategy Trading Up 0.7%

Strategy stock opened at $399.80 on Friday. The stock has a market cap of $109.31 billion, a P/E ratio of -70.97 and a beta of 3.79. Strategy Incorporated has a fifty-two week low of $102.40 and a fifty-two week high of $543.00. The firm’s fifty day moving average price is $331.21 and its 200-day moving average price is $334.31. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71.

Strategy (NASDAQ:MSTR) last released its quarterly earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($16.47). The firm had revenue of $111.07 million during the quarter, compared to the consensus estimate of $116.66 million. Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.83) EPS.

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.