CTC Alternative Strategies Ltd. Takes Position in Strategy Incorporated (NASDAQ:MSTR)

CTC Alternative Strategies Ltd. bought a new stake in Strategy Incorporated (NASDAQ:MSTR) in the fourth quarter, Holdings Channel.com reports. The firm bought 3,884 shares of the software maker’s stock, valued at approximately $1,125,000. Strategy makes up about 1.4% of CTC Alternative Strategies Ltd.’s holdings, making the stock its 12th biggest position.

A number of other hedge funds have also modified their holdings of the business. Public Employees Retirement System of Ohio raised its position in shares of Strategy by 5.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 59,981 shares of the software maker’s stock valued at $17,372,000 after buying an additional 3,099 shares during the last quarter. Sunbelt Securities Inc. raised its position in shares of Strategy by 171.3% in the fourth quarter. Sunbelt Securities Inc. now owns 434 shares of the software maker’s stock valued at $131,000 after buying an additional 274 shares during the last quarter. Vise Technologies Inc. acquired a new stake in shares of Strategy in the fourth quarter valued at about $313,000. Pinnacle Wealth Management LLC acquired a new stake in shares of Strategy in the fourth quarter valued at about $2,068,000. Finally, Gordian Capital Singapore Pte Ltd increased its position in Strategy by 28.2% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 910 shares of the software maker’s stock worth $264,000 after purchasing an additional 200 shares during the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Strategy Price Performance

Shares of MSTR opened at $369.51 on Friday. Strategy Incorporated has a 1-year low of $102.40 and a 1-year high of $543.00. The stock has a market cap of $101.03 billion, a PE ratio of -65.60 and a beta of 3.79. The firm has a 50-day simple moving average of $343.24 and a two-hundred day simple moving average of $340.03. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65.

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

Insider Buying and Selling at Strategy

In other Strategy news, CFO Andrew Kang acquired 1,500 shares of the stock in a transaction dated Thursday, March 20th. The stock was acquired at an average price of $85.00 per share, with a total value of $127,500.00. Following the completion of the purchase, the chief financial officer now owns 1,500 shares in the company, valued at $127,500. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Leslie J. Rechan sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $335.90, for a total transaction of $5,038,500.00. Following the completion of the transaction, the director now directly owns 4,970 shares of the company’s stock, valued at approximately $1,669,423. The trade was a 75.11% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders purchased 8,000 shares of company stock worth $680,000 and sold 46,836 shares worth $16,214,791. Company insiders own 9.16% of the company’s stock.

Analyst Upgrades and Downgrades

MSTR has been the subject of several recent analyst reports. Barclays restated a “hold” rating on shares of Strategy in a research report on Monday. Cantor Fitzgerald restated a “hold” rating on shares of Strategy in a research report on Monday. Keefe, Bruyette & Woods initiated coverage on shares of Strategy in a research report on Friday, February 7th. They set an “outperform” rating and a $560.00 price objective for the company. BTIG Research restated a “buy” rating on shares of Strategy in a research report on Wednesday, May 14th. Finally, UBS Group restated a “buy” rating on shares of Strategy in a research report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $514.42.

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.