Price T Rowe Associates Inc. MD Increases Stock Position in Strategy Incorporated (NASDAQ:MSTR)

Price T Rowe Associates Inc. MD boosted its holdings in shares of Strategy Incorporated (NASDAQ:MSTR) by 65.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 372,259 shares of the software maker’s stock after buying an additional 147,290 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Strategy were worth $107,814,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Garden State Investment Advisory Services LLC raised its position in shares of Strategy by 1,005.0% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 2,630 shares of the software maker’s stock worth $443,000 after acquiring an additional 2,392 shares in the last quarter. Virtu Financial LLC raised its holdings in Strategy by 10,398.4% in the third quarter. Virtu Financial LLC now owns 224,245 shares of the software maker’s stock worth $37,808,000 after purchasing an additional 222,109 shares in the last quarter. Peapack Gladstone Financial Corp lifted its position in shares of Strategy by 900.0% during the third quarter. Peapack Gladstone Financial Corp now owns 2,350 shares of the software maker’s stock valued at $396,000 after buying an additional 2,115 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Strategy by 3.3% in the 3rd quarter. Franklin Resources Inc. now owns 4,248 shares of the software maker’s stock worth $716,000 after buying an additional 135 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC raised its stake in shares of Strategy by 1,105.2% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 4,640 shares of the software maker’s stock worth $782,000 after acquiring an additional 4,255 shares in the last quarter. Institutional investors own 59.84% of the company’s stock.

Strategy Price Performance

Shares of NASDAQ:MSTR opened at $368.71 on Monday. Strategy Incorporated has a twelve month low of $101.00 and a twelve month high of $543.00. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The company has a market cap of $94.89 billion, a PE ratio of -65.46 and a beta of 3.46. The company’s 50 day moving average is $295.57 and its 200 day moving average is $317.35.

Strategy (NASDAQ:MSTR) last released its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

Insiders Place Their Bets

In related news, CFO Andrew Kang bought 1,500 shares of the stock in a transaction dated Thursday, March 20th. The shares were purchased at an average price of $85.00 per share, for a total transaction of $127,500.00. Following the completion of the purchase, the chief financial officer now directly owns 1,500 shares of the company’s stock, valued at $127,500. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jeanine Montgomery sold 481 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $329.27, for a total value of $158,378.87. Following the sale, the chief accounting officer now directly owns 7,805 shares in the company, valued at approximately $2,569,952.35. This trade represents a 5.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have purchased 8,000 shares of company stock valued at $680,000 and have sold 34,698 shares valued at $11,403,343. 9.16% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MSTR has been the subject of several recent analyst reports. Compass Point upgraded shares of Strategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Maxim Group boosted their target price on Strategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods initiated coverage on Strategy in a report on Friday, February 7th. They issued an “outperform” rating and a $560.00 price target for the company. Canaccord Genuity Group dropped their price target on Strategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, Cantor Fitzgerald increased their price objective on shares of Strategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $508.09.

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.