First Hawaiian Bank Grows Stock Holdings in Strategy Incorporated (NASDAQ:MSTR)

First Hawaiian Bank raised its position in Strategy Incorporated (NASDAQ:MSTR) by 6.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,185 shares of the software maker’s stock after purchasing an additional 75 shares during the period. First Hawaiian Bank’s holdings in Strategy were worth $342,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new stake in shares of Strategy during the 4th quarter worth $81,783,000. Clarity Capital Partners LLC lifted its stake in Strategy by 122.3% in the fourth quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker’s stock worth $7,274,000 after purchasing an additional 13,817 shares during the last quarter. Charles Schwab Investment Management Inc. lifted 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 worth $220,626,000 after purchasing an additional 97,515 shares during the last quarter. Chung Wu Investment Group LLC bought a new stake in Strategy in the fourth quarter worth $850,000. Finally, Crew Capital Management Ltd. bought a new stake in Strategy in the fourth quarter worth $333,000. 59.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. HC Wainwright began coverage on shares of Strategy in a research note on Tuesday, April 29th. They issued a “buy” rating and a $480.00 price target for the company. Canaccord Genuity Group restated a “buy” rating on shares of Strategy in a research report on Monday, May 19th. Maxim Group boosted their price objective on shares of Strategy from $480.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Monness Crespi & Hardt cut shares of Strategy from a “neutral” rating to a “sell” rating and set a $220.00 price objective on the stock. in a research report on Tuesday, April 1st. Finally, Barclays restated a “hold” rating on shares of Strategy in a research report on Monday, May 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $514.42.

Insiders Place Their Bets

In other news, CAO Jeanine Montgomery sold 481 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $329.27, for a total value of $158,378.87. Following the transaction, the chief accounting officer now owns 7,805 shares in the company, valued at approximately $2,569,952.35. This represents a 5.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Wei-Ming Shao bought 500 shares of the company’s stock in a transaction dated Thursday, March 20th. The stock was purchased at an average price of $85.00 per share, for a total transaction of $42,500.00. Following the purchase, the executive vice president now owns 500 shares of the company’s stock, valued at approximately $42,500. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 18,000 shares of company stock worth $1,693,800 and have sold 47,486 shares worth $16,456,090. Corporate insiders own 9.16% of the company’s stock.

Strategy Price Performance

Shares of MSTR opened at $364.79 on Monday. The stock has a market cap of $99.73 billion, a PE ratio of -64.76 and a beta of 3.79. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. Strategy Incorporated has a fifty-two week low of $102.40 and a fifty-two week high of $543.00. The firm’s 50-day simple moving average is $348.31 and its two-hundred day simple moving average is $342.62.

Strategy (NASDAQ:MSTR) last announced its quarterly earnings data 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). The business had revenue of $111.07 million during 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%. Strategy’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter last year, the company 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.