Blue Sky Capital Consultants Group Inc. Buys Shares of 7,683 Strategy Incorporated (NASDAQ:MSTR)

Blue Sky Capital Consultants Group Inc. acquired a new position in shares of Strategy Incorporated (NASDAQ:MSTR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 7,683 shares of the software maker’s stock, valued at approximately $2,225,000. Strategy accounts for about 1.3% of Blue Sky Capital Consultants Group Inc.’s holdings, making the stock its 22nd largest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MSTR. Geode Capital Management LLC boosted its position 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 worth $881,470,000 after acquiring an additional 281,342 shares during the period. Norges Bank bought a new stake in shares of Strategy during the fourth quarter valued at about $523,981,000. Northern Trust Corp raised its stake in shares of Strategy by 24.4% during the fourth quarter. Northern Trust Corp now owns 1,076,185 shares of the software maker’s stock valued at $311,685,000 after purchasing an additional 210,997 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Strategy by 25.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 802,464 shares of the software maker’s stock worth $232,410,000 after purchasing an additional 162,757 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Strategy by 14.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker’s stock valued at $220,626,000 after buying an additional 97,515 shares in the last quarter. 59.84% of the stock is owned by institutional investors.

Insider Activity

In other Strategy news, Director Leslie J. Rechan sold 15,000 shares of Strategy stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the transaction, the director now owns 4,970 shares of the company’s stock, valued at $1,669,423. The trade was a 75.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Wei-Ming Shao purchased 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, 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 $42,500. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 8,000 shares of company stock worth $680,000 and have sold 46,836 shares worth $16,214,791. 9.16% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have commented on MSTR shares. Mizuho started coverage on shares of Strategy in a research report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price target on the stock. Barclays reissued a “hold” rating on shares of Strategy in a report on Monday. Keefe, Bruyette & Woods started coverage on Strategy in a research report on Friday, February 7th. They issued an “outperform” rating and a $560.00 target price for the company. Maxim Group lifted their price target on Strategy from $480.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Finally, Canaccord Genuity Group restated a “buy” rating on shares of Strategy in a report on Monday. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $514.42.

Strategy Stock Down 7.5%

MSTR stock opened at $369.51 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The firm has a market capitalization of $101.03 billion, a P/E ratio of -65.60 and a beta of 3.79. Strategy Incorporated has a 52-week low of $102.40 and a 52-week high of $543.00. The company’s 50 day simple moving average is $343.24 and its 200-day simple moving average is $340.03.

Strategy (NASDAQ:MSTR) last posted its quarterly earnings data on Thursday, May 1st. The software maker reported ($16.49) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($16.47). The firm had revenue of $111.07 million for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm posted ($0.83) earnings per share.

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.