Axa S.A. Invests $7.74 Million in Strategy Incorporated (NASDAQ:MSTR)

Axa S.A. acquired a new stake in shares of Strategy Incorporated (NASDAQ:MSTR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 26,736 shares of the software maker’s stock, valued at approximately $7,743,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its holdings 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 valued at $25,000 after buying an additional 77 shares in the last quarter. Riverview Trust Co acquired a new stake in Strategy in the fourth quarter valued at approximately $25,000. IAG Wealth Partners LLC purchased a new position in Strategy in the fourth quarter worth $25,000. Parkside Financial Bank & Trust increased its position in shares of Strategy by 422.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock worth $27,000 after purchasing an additional 76 shares in the last quarter. Finally, Aspect Partners LLC purchased a new stake in shares of Strategy during the 4th quarter valued at $28,000. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Insider Buying and Selling

In other Strategy news, Director Jarrod M. Patten sold 3,100 shares of the stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $365.33, for a total transaction of $1,132,523.00. Following the transaction, the director now owns 4,970 shares in the company, valued at approximately $1,815,690.10. This represents a 38.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Andrew Kang acquired 1,500 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly 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 bought 8,000 shares of company stock valued at $680,000 and have sold 37,798 shares valued at $12,535,866. 9.16% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MSTR has been the topic of several recent analyst reports. Mizuho assumed coverage on Strategy in a research report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 target price on the stock. Benchmark reaffirmed a “buy” rating and issued a $650.00 price objective on shares of Strategy in a research report on Tuesday, January 14th. Maxim Group boosted their target price on shares of Strategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Monness Crespi & Hardt cut shares of Strategy from a “neutral” rating to a “sell” rating and set a $220.00 price target for the company. in a report on Tuesday, April 1st. Finally, Compass Point raised shares of Strategy to a “strong-buy” rating in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Strategy currently has a consensus rating of “Moderate Buy” and an average price target of $514.42.

Strategy Stock Performance

NASDAQ MSTR opened at $386.53 on Tuesday. Strategy Incorporated has a fifty-two week low of $102.40 and a fifty-two week high of $543.00. 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 firm has a market capitalization of $99.47 billion, a P/E ratio of -68.62 and a beta of 3.79. The stock has a 50-day simple moving average of $306.66 and a two-hundred day simple moving average of $324.92.

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

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.