Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) Director Sells 475 Shares of Stock

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) Director Jarrod Patten sold 475 shares of the stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $171.00, for a total transaction of $81,225.00. Following the sale, the director directly owned 28,406 shares in the company, valued at $4,857,426. This trade represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Stock Performance

STRC stock traded down $0.09 during midday trading on Wednesday, hitting $98.97. 1,149,333 shares of the stock traded hands, compared to its average volume of 2,404,977. Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock has a 1-year low of $71.25 and a 1-year high of $100.42. The company’s fifty day moving average is $94.12. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of -21.99 and a beta of 3.25.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Announces Dividend

The firm also recently announced a dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, September 30th.

Institutional Trading of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock

An institutional investor recently raised its position in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock. Ethos Financial Group LLC lifted its holdings in shares of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) by 198.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,530 shares of the company’s stock after buying an additional 5,009 shares during the quarter. Ethos Financial Group LLC’s holdings in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock were worth $753,000 as of its most recent SEC filing. 26.02% of the stock is currently owned by hedge funds and other institutional investors.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Company Profile

Strategy Inc, formerly known as MicroStrategy Incorporated, develops enterprise analytics and business intelligence software. Its platform helps organizations analyze data, create dashboards and reports, and support decision-making across areas such as finance, operations, sales, and marketing. The company serves enterprise customers in the United States and internationally through direct sales and partner channels.

In addition to its software business, Strategy has adopted a bitcoin-focused treasury strategy and holds bitcoin as a primary reserve asset.