MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Stake in Strategy Incorporated (NASDAQ:MSTR)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Strategy Incorporated (NASDAQ:MSTR) by 4,639.1% during the fourth quarter, HoldingsChannel reports. The firm owned 116,866 shares of the software maker’s stock after purchasing an additional 114,400 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Strategy were worth $33,853,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in Strategy by 10.2% in the 4th quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker’s stock valued at $881,470,000 after purchasing an additional 281,342 shares in the last quarter. Norges Bank purchased a new position in Strategy in the 4th quarter valued at $523,981,000. Northern Trust Corp raised its holdings in shares of 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 acquiring an additional 210,997 shares during the period. Charles Schwab Investment Management Inc. raised its holdings 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 acquiring an additional 97,515 shares during the period. Finally, Amundi raised its holdings in shares of 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 acquiring an additional 413,028 shares during the period. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Insider Buying and Selling at Strategy

In other news, CAO Jeanine Montgomery sold 481 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $329.27, for a total transaction of $158,378.87. Following the completion of the transaction, the chief accounting officer now directly owns 7,805 shares of the company’s stock, 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 filing with the SEC, which can be accessed through the SEC website. Also, Director Jarrod M. Patten sold 1,100 shares of the business’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $427.00, for a total value of $469,700.00. Following the transaction, the director now directly owns 9,170 shares of the company’s stock, valued at approximately $3,915,590. This represents a 10.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders bought 8,000 shares of company stock valued at $680,000 and sold 41,198 shares valued at $13,901,970. 9.16% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

MSTR has been the topic of several analyst reports. Compass Point upgraded Strategy to a “strong-buy” rating in a report on Wednesday, January 29th. Monness Crespi & Hardt lowered Strategy from a “neutral” rating to a “sell” rating and set a $220.00 price target on the stock. in a report on Tuesday, April 1st. Mizuho initiated coverage on Strategy in a report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price target on the stock. Barclays lifted their price target on Strategy from $421.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, May 5th. Finally, Benchmark restated a “buy” rating and issued a $650.00 price objective on shares of Strategy in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Strategy presently has an average rating of “Moderate Buy” and an average price target of $514.42.

Strategy Stock Performance

NASDAQ MSTR opened at $421.61 on Wednesday. The company has a market cap of $115.27 billion, a P/E ratio of -74.85 and a beta of 3.79. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The stock has a 50-day moving average of $322.68 and a two-hundred day moving average of $331.77. Strategy Incorporated has a 1-year low of $102.40 and a 1-year high of $543.00.

Strategy (NASDAQ:MSTR) last released its 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 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 business’s revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.83) earnings per share.

Strategy Company Profile

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.