Insider Selling: Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) CFO Sells 5,597 Shares of Stock

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) CFO Andrew Kang sold 5,597 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $165.78, for a total transaction of $927,870.66. Following the sale, the chief financial officer owned 33,675 shares in the company, valued at $5,582,641.50. This represents a 14.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock Trading Up 0.2%

Shares of NASDAQ STRC traded up $0.17 during mid-day trading on Wednesday, hitting $99.16. 1,590,239 shares of the company’s stock traded hands, compared to its average volume of 2,486,264. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of -22.04 and a beta of 3.25. Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock has a 1 year low of $90.52 and a 1 year high of $100.42.

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

The firm also recently announced a monthly dividend, which will be paid on Sunday, May 31st. Stockholders of record on Friday, May 15th will be given a dividend of $0.9583 per share. The ex-dividend date is Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 11.6%. This is a positive change from Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock’s previous monthly dividend of $0.96.

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

A hedge fund recently raised its stake in Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock stock. Ethos Financial Group LLC grew its holdings in shares of Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) by 198.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period. Hedge funds and other institutional investors own 26.02% of the company’s stock.

About Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock

Strategy Inc is a bitcoin treasury company and a provider of business intelligence services. It is designed to provide investors varying degrees of economic exposure to Bitcoin by offering a range of securities, including equity and fixed-income instruments. The company also provides industry AI-powered enterprise analytics software. It has one reportable operating segment: the Software Business, which is engaged in the design, development, marketing, and sales of the company’s enterprise analytics software platform through cloud subscriptions and licensing arrangements and related services (i.e., product support, consulting, and education).