Summit Investment Advisors Inc. Takes $1.69 Million Position in Strategy Incorporated (NASDAQ:MSTR)

Summit Investment Advisors Inc. acquired a new position in shares of Strategy Incorporated (NASDAQ:MSTR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,822 shares of the software maker’s stock, valued at approximately $1,686,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Garden State Investment Advisory Services LLC increased its holdings in Strategy by 1,005.0% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 2,630 shares of the software maker’s stock worth $443,000 after purchasing an additional 2,392 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Strategy by 979.8% during the third quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock worth $1,134,000 after buying an additional 6,104 shares in the last quarter. Virtu Financial LLC raised its position in Strategy by 10,398.4% in the 3rd quarter. Virtu Financial LLC now owns 224,245 shares of the software maker’s stock valued at $37,808,000 after buying an additional 222,109 shares during the last quarter. Sanctuary Advisors LLC raised its position in Strategy by 3,250.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 14,442 shares of the software maker’s stock valued at $2,435,000 after buying an additional 14,011 shares during the last quarter. Finally, Peapack Gladstone Financial Corp lifted its stake in Strategy by 900.0% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 2,350 shares of the software maker’s stock valued at $396,000 after acquiring an additional 2,115 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

Strategy Price Performance

Shares of NASDAQ MSTR opened at $310.72 on Wednesday. Strategy Incorporated has a twelve month low of $101.00 and a twelve month high of $543.00. The company has a market cap of $79.96 billion, a PE ratio of -55.16 and a beta of 3.46. The business’s 50 day moving average price is $295.00 and its two-hundred day moving average price is $307.61. 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 quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

Wall Street Analysts Forecast Growth

MSTR has been the subject of several research reports. Monness Crespi & Hardt cut shares of 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. Cantor Fitzgerald raised their target price on shares of Strategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Keefe, Bruyette & Woods assumed coverage on shares of Strategy in a research report on Friday, February 7th. They set an “outperform” rating and a $560.00 price target on the stock. Maxim Group raised their price objective on Strategy from $480.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Finally, Mizuho began coverage on Strategy in a research report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 target price on the stock. One research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Strategy presently has an average rating of “Moderate Buy” and a consensus target price of $508.09.

Insider Activity

In other news, EVP Wei-Ming Shao bought 500 shares of the company’s stock in a transaction dated Thursday, March 20th. The stock was bought at an average price of $85.00 per share, with a total value of $42,500.00. Following the completion of the acquisition, the executive vice president now owns 500 shares of the company’s stock, valued at $42,500. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Jeanine Montgomery sold 481 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $329.27, for a total transaction of $158,378.87. Following the completion of the transaction, the chief accounting officer now owns 7,805 shares in the company, valued at $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. Over the last ninety days, insiders have purchased 8,000 shares of company stock valued at $680,000 and have sold 22,998 shares valued at $7,671,926. Insiders own 9.16% of the company’s stock.

Strategy 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.