BlueCrest Capital Management Ltd Purchases New Shares in Strategy Incorporated (NASDAQ:MSTR)

BlueCrest Capital Management Ltd acquired a new position in Strategy Incorporated (NASDAQ:MSTR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 4,942 shares of the software maker’s stock, valued at approximately $1,431,000.

Other institutional investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new stake in shares of Strategy in the fourth quarter valued at approximately $81,783,000. Clarity Capital Partners LLC raised its holdings in Strategy by 122.3% in the 4th quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker’s stock valued at $7,274,000 after acquiring an additional 13,817 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Strategy during the 3rd quarter worth $254,000. Virtu Financial LLC increased its position in shares of 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 during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Strategy by 14.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker’s stock valued at $220,626,000 after purchasing an additional 97,515 shares in the last quarter. Institutional investors own 59.84% of the company’s stock.

Strategy Stock Performance

MSTR stock opened at $380.11 on Thursday. Strategy Incorporated has a 1-year low of $101.00 and a 1-year 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 stock has a 50-day moving average price of $299.34 and a 200-day moving average price of $319.31. The firm has a market cap of $97.82 billion, a PE ratio of -67.48 and a beta of 3.46.

Strategy (NASDAQ:MSTR) last issued its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (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%.

Insiders Place Their Bets

In other news, EVP Wei-Ming Shao bought 500 shares of Strategy stock in a transaction dated Thursday, March 20th. The stock was bought at an average cost of $85.00 per share, for a total transaction of $42,500.00. Following the purchase, the executive vice president now directly owns 500 shares in the company, valued at approximately $42,500. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jarrod M. Patten sold 3,100 shares of the company’s stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $365.33, for a total value of $1,132,523.00. Following the transaction, the director now directly owns 4,970 shares in the company, valued at approximately $1,815,690.10. This trade represents a 38.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 8,000 shares of company stock worth $680,000 and sold 37,798 shares worth $12,535,866. Corporate insiders own 9.16% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on MSTR shares. Canaccord Genuity Group reduced their price target on shares of Strategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Compass Point raised Strategy to a “strong-buy” rating in a report on Wednesday, January 29th. Benchmark reissued a “buy” rating and set a $650.00 price target on shares of Strategy in a report on Tuesday, January 14th. Maxim Group raised their price objective on Strategy from $480.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Finally, Mizuho assumed coverage on Strategy in a research note on Wednesday, January 29th. They set an “outperform” rating and a $515.00 target price for the company. One analyst has rated the stock with a sell rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $505.75.

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.