Shell Asset Management Co. Purchases New Shares in Strategy Incorporated (NASDAQ:MSTR)

Shell Asset Management Co. acquired a new position in Strategy Incorporated (NASDAQ:MSTR) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 744 shares of the software maker’s stock, valued at approximately $215,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Riverview Trust Co bought a new position in shares of Strategy in the 4th quarter worth about $25,000. IAG Wealth Partners LLC bought a new position in shares of Strategy during the fourth quarter valued at approximately $25,000. Quadrant Capital Group LLC lifted its holdings in shares of Strategy by 855.6% during the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock valued at $25,000 after purchasing an additional 77 shares during the last quarter. Dunhill Financial LLC bought a new stake in shares of Strategy in the 4th quarter worth approximately $26,000. Finally, Parkside Financial Bank & Trust grew 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 worth $27,000 after buying an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Insider Transactions at Strategy

In other Strategy news, Director Jarrod M. Patten sold 1,100 shares of the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $427.00, for a total value of $469,700.00. Following the transaction, the director now owns 9,170 shares of the company’s stock, valued at approximately $3,915,590. This represents a 10.71% 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 the business’s stock in a transaction on Thursday, March 20th. The shares were purchased at an average price 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 in the company, valued at approximately $42,500. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 8,000 shares of company stock worth $680,000 and have sold 41,198 shares worth $13,901,970. Company insiders own 9.16% of the company’s stock.

Analysts Set New Price Targets

MSTR has been the subject of a number of recent research reports. Barclays reiterated a “hold” rating on shares of Strategy in a research note on Monday. Canaccord Genuity Group reiterated a “buy” rating on shares of Strategy in a research note on Monday. HC Wainwright began coverage on shares of Strategy in a research report on Tuesday, April 29th. They set a “buy” rating and a $480.00 price objective on the stock. Keefe, Bruyette & Woods assumed coverage on shares of Strategy in a report on Friday, February 7th. They issued an “outperform” rating and a $560.00 target price for the company. Finally, UBS Group reiterated a “buy” rating on shares of Strategy in a research note on Friday. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $514.42.

Strategy Stock Up 3.4%

MSTR opened at $413.42 on Tuesday. The stock has a market capitalization of $113.03 billion, a price-to-earnings ratio of -73.39 and a beta of 3.79. The firm has a 50 day moving average price of $334.23 and a 200-day moving average price of $336.83. Strategy Incorporated has a twelve month low of $102.40 and a twelve month high of $543.00. 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 (NASDAQ:MSTR) last posted its earnings results on Thursday, May 1st. The software maker reported ($16.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($16.47). The company had revenue of $111.07 million during 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 company’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period last year, the firm posted ($0.83) EPS.

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.