Rossby Financial LCC Invests $420,000 in Strategy Incorporated (NASDAQ:MSTR)

Rossby Financial LCC purchased a new stake in shares of Strategy Incorporated (NASDAQ:MSTR) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,450 shares of the software maker’s stock, valued at approximately $420,000.

Several other institutional investors and hedge funds also recently bought and sold shares of MSTR. Norges Bank purchased a new stake in shares of Strategy during the fourth quarter worth $523,981,000. Amundi lifted its holdings in 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 purchasing an additional 413,028 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Strategy in the 4th quarter worth about $81,783,000. Geode Capital Management LLC grew its holdings in Strategy by 10.2% during 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 buying an additional 281,342 shares in the last quarter. Finally, Virtu Financial LLC increased its position in shares of Strategy by 10,398.4% during the third quarter. Virtu Financial LLC now owns 224,245 shares of the software maker’s stock valued at $37,808,000 after buying an additional 222,109 shares during the period. 59.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on MSTR shares. Benchmark reaffirmed a “buy” rating and set a $650.00 price objective on shares of Strategy in a research note on Tuesday, January 14th. Compass Point upgraded shares of Strategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods initiated coverage on Strategy in a research report on Friday, February 7th. They issued an “outperform” rating and a $560.00 price objective on the stock. Barclays dropped their price objective on Strategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Finally, Mizuho started coverage on Strategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 target price on the stock. One 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $508.09.

Insider Buying and Selling

In related news, EVP Wei-Ming Shao acquired 500 shares of Strategy stock in a transaction dated Thursday, March 20th. The shares were purchased at an average cost of $85.00 per share, with a total value of $42,500.00. Following the completion of the purchase, the executive vice president now owns 500 shares of the company’s stock, valued at $42,500. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Leslie J. Rechan sold 15,000 shares of the business’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total value of $5,038,500.00. Following the completion of the sale, the director now directly owns 4,970 shares of the company’s stock, valued at approximately $1,669,423. This trade represents a 75.11 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 8,000 shares of company stock worth $680,000 and have sold 22,998 shares worth $7,671,926. 9.16% of the stock is owned by corporate insiders.

Strategy Price Performance

Shares of Strategy stock opened at $311.45 on Tuesday. The business’s 50-day moving average price is $295.29 and its 200-day moving average price is $307.59. The firm has a market capitalization of $80.15 billion, a PE ratio of -55.29 and a beta of 3.46. Strategy Incorporated has a 12 month low of $101.00 and a 12 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.

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

About Strategy

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.