1,136 Shares in Strategy Incorporated (NASDAQ:MSTR) Purchased by Canal Capital Management LLC

Canal Capital Management LLC bought a new position in Strategy Incorporated (NASDAQ:MSTR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,136 shares of the software maker’s stock, valued at approximately $329,000.

Several other institutional investors have also made changes to their positions in MSTR. OneDigital Investment Advisors LLC acquired a new stake in Strategy during the 4th quarter valued at $484,000. Stifel Financial Corp lifted its stake in Strategy by 16.8% in the 4th quarter. Stifel Financial Corp now owns 226,310 shares of the software maker’s stock worth $65,544,000 after acquiring an additional 32,470 shares in the last quarter. Senator Investment Group LP purchased a new position in Strategy during the 4th quarter valued at about $2,693,000. Tower Research Capital LLC TRC increased its holdings in shares of Strategy by 168.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 17,142 shares of the software maker’s stock valued at $4,965,000 after purchasing an additional 10,755 shares during the period. Finally, Tradition Wealth Management LLC purchased a new stake in shares of Strategy in the fourth quarter worth approximately $376,000. 59.84% of the stock is owned by hedge funds and other institutional investors.

Strategy Price Performance

Strategy stock opened at $317.20 on Monday. 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 firm has a market capitalization of $81.63 billion, a P/E ratio of -56.31 and a beta of 3.46. The business has a 50-day moving average of $294.28 and a 200-day moving average of $311.77. Strategy Incorporated has a 1 year low of $101.00 and a 1 year high of $543.00.

Strategy (NASDAQ:MSTR) last issued its earnings results on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($3.07). Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

Insider Buying and Selling

In other Strategy news, CAO Jeanine Montgomery sold 481 shares of the 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 owns 7,805 shares in the company, valued at approximately $2,569,952.35. This represents a 5.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Wei-Ming Shao purchased 500 shares of the business’s stock in a transaction dated Thursday, March 20th. The stock was purchased at an average price of $85.00 per share, for a total transaction of $42,500.00. Following the completion of the acquisition, the executive vice president now owns 500 shares of the company’s stock, valued at approximately $42,500. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 8,000 shares of company stock valued at $680,000 and have sold 32,998 shares valued at $10,821,926. 9.16% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods began coverage on shares of Strategy in a research note on Friday, February 7th. They set an “outperform” rating and a $560.00 target price for the company. Canaccord Genuity Group lowered their price target on Strategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Barclays dropped their target price on shares of Strategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Mizuho started coverage on Strategy in a report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price objective on the stock. Finally, Cantor Fitzgerald upped their price objective on shares of Strategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $508.09.

Strategy 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.