Baird Financial Group Inc. Has $2.09 Million Stock Holdings in Strategy Incorporated (NASDAQ:MSTR)

Baird Financial Group Inc. raised its holdings in Strategy Incorporated (NASDAQ:MSTR) by 182.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,199 shares of the software maker’s stock after purchasing an additional 4,654 shares during the quarter. Baird Financial Group Inc.’s holdings in Strategy were worth $2,085,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Riverview Trust Co acquired a new stake in shares of Strategy in the 4th quarter valued at $25,000. IAG Wealth Partners LLC acquired a new stake in shares of Strategy in the 4th quarter valued at $25,000. Quadrant Capital Group LLC lifted its stake in shares of Strategy by 855.6% in the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock valued at $25,000 after acquiring an additional 77 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Strategy by 422.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock valued at $27,000 after acquiring an additional 76 shares during the last quarter. Finally, Aspect Partners LLC bought a new position in shares of Strategy in the 4th quarter valued at $28,000. Institutional investors and hedge funds own 59.84% of the company’s stock.

Insider Transactions at Strategy

In other Strategy news, EVP Wei-Ming Shao acquired 500 shares of the stock in a transaction dated Thursday, March 20th. The stock was purchased at an average cost of $85.00 per share, with a total value of $42,500.00. Following the transaction, the executive vice president now owns 500 shares in the company, valued at approximately $42,500. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 completion of the transaction, the chief accounting officer now directly owns 7,805 shares of the company’s stock, valued at approximately $2,569,952.35. This trade represents a 5.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 8,000 shares of company stock valued at $680,000 and sold 40,098 shares valued at $13,432,270. Corporate insiders own 9.16% of the company’s stock.

Strategy Stock Up 0.4%

Shares of NASDAQ:MSTR opened at $415.93 on Monday. The firm has a market cap of $107.04 billion, a P/E ratio of -73.84 and a beta of 3.79. 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 $102.40 and a 12-month high of $543.00. The business has a fifty day simple moving average of $318.40 and a 200 day simple moving average of $329.95.

Strategy (NASDAQ:MSTR) last announced its earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($16.47). The company had revenue of $111.07 million for the quarter, compared to the consensus estimate of $116.66 million. Strategy had a negative return on equity of 19.01% and a negative net margin of 251.73%. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the prior year, the business earned ($0.83) earnings per share.

Analyst Ratings Changes

A number of research analysts have recently commented on MSTR shares. Canaccord Genuity Group increased their price target on Strategy from $409.00 to $464.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Monness Crespi & Hardt cut Strategy from a “neutral” rating to a “sell” rating and set a $220.00 price target for the company. in a research note on Tuesday, April 1st. Barclays increased their price target on Strategy from $421.00 to $475.00 and gave the company an “overweight” rating in a research note on Monday, May 5th. HC Wainwright started coverage on Strategy in a research note on Tuesday, April 29th. They issued a “buy” rating and a $480.00 price target for the company. Finally, Benchmark reiterated a “buy” rating and issued a $650.00 price target on shares of Strategy in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $514.42.

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.