Tradition Wealth Management LLC Acquires Shares of 1,298 Strategy Incorporated (NASDAQ:MSTR)

Tradition Wealth Management LLC bought a new stake in Strategy Incorporated (NASDAQ:MSTR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,298 shares of the software maker’s stock, valued at approximately $376,000.

Other institutional investors have also made changes to their positions in the company. Norges Bank bought a new position in shares of Strategy in the fourth quarter worth about $523,981,000. Amundi boosted its position in Strategy by 262.8% in the 4th quarter. Amundi now owns 570,217 shares of the software maker’s stock valued at $165,146,000 after buying an additional 413,028 shares during the last quarter. First Trust Advisors LP raised its position in shares of Strategy by 266.1% during the fourth quarter. First Trust Advisors LP now owns 417,574 shares of the software maker’s stock worth $120,938,000 after acquiring an additional 303,517 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Strategy during the fourth quarter valued at $81,783,000. Finally, Geode Capital Management LLC increased its position in Strategy by 10.2% in the fourth quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker’s stock worth $881,470,000 after purchasing an additional 281,342 shares during the period. 59.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Benchmark reaffirmed a “buy” rating and issued a $650.00 target price on shares of Strategy in a research note on Tuesday, January 14th. Cantor Fitzgerald lifted their target price on shares of Strategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Compass Point upgraded Strategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Canaccord Genuity Group dropped their price objective on Strategy from $510.00 to $409.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Finally, Maxim Group boosted their target price on Strategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $508.09.

Strategy Stock Up 0.2 %

Shares of MSTR stock opened at $317.76 on Tuesday. The company has a market capitalization of $81.78 billion, a price-to-earnings ratio of -56.41 and a beta of 3.46. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. Strategy Incorporated has a 12-month low of $101.00 and a 12-month high of $543.00. The firm has a fifty day moving average of $294.10 and a 200-day moving average of $312.76.

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

Insider Transactions at Strategy

In related news, CAO Jeanine Montgomery sold 481 shares of Strategy 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Wei-Ming Shao purchased 500 shares of Strategy stock in a transaction that occurred on Thursday, March 20th. The shares were bought at an average cost of $85.00 per share, with a total value of $42,500.00. Following the completion of the transaction, the executive vice president now directly owns 500 shares of the company’s stock, valued at approximately $42,500. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 8,000 shares of company stock valued at $680,000 and sold 32,998 shares valued at $10,821,926. Company insiders own 9.16% of the company’s stock.

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.