Freedom Investment Management Inc. Sells 370 Shares of Strategy Incorporated (NASDAQ:MSTR)

Freedom Investment Management Inc. cut its holdings in Strategy Incorporated (NASDAQ:MSTR) by 8.5% during the 4th quarter, Holdings Channel reports. The firm owned 4,001 shares of the software maker’s stock after selling 370 shares during the period. Freedom Investment Management Inc.’s holdings in Strategy were worth $1,159,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Geode Capital Management LLC grew its position in shares of Strategy by 10.2% in the 4th quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker’s stock worth $881,470,000 after buying an additional 281,342 shares during the last quarter. Norges Bank purchased a new stake in Strategy in the fourth quarter worth $523,981,000. Charles Schwab Investment Management Inc. boosted its holdings 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 valued at $220,626,000 after acquiring an additional 97,515 shares in the last quarter. Amundi boosted its holdings in Strategy by 262.8% in the fourth quarter. Amundi now owns 570,217 shares of the software maker’s stock valued at $165,146,000 after acquiring an additional 413,028 shares in the last quarter. Finally, Swiss National Bank increased its position in Strategy by 10.4% during the 4th quarter. Swiss National Bank now owns 517,000 shares of the software maker’s stock valued at $149,734,000 after purchasing an additional 48,800 shares during the period. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Strategy Stock Up 1.8 %

Shares of Strategy stock opened at $317.20 on Friday. The company has a 50-day simple moving average of $294.28 and a two-hundred day simple moving average of $309.73. Strategy Incorporated has a 52-week low of $101.00 and a 52-week high of $543.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The stock has a market capitalization of $81.63 billion, a PE ratio of -56.31 and a beta of 3.46.

Strategy (NASDAQ:MSTR) last issued its earnings results on Wednesday, February 5th. The software maker reported ($3.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($3.07). Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

Analyst Upgrades and Downgrades

MSTR has been the topic of a number of research reports. Mizuho began coverage on shares of Strategy in a research note on Wednesday, January 29th. They set an “outperform” rating and a $515.00 target price on the stock. Benchmark reaffirmed a “buy” rating and set a $650.00 price objective on shares of Strategy in a research report on Tuesday, January 14th. Monness Crespi & Hardt lowered Strategy from a “neutral” rating to a “sell” rating and set a $220.00 target price for the company. in a research report on Tuesday, April 1st. 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, Keefe, Bruyette & Woods began coverage on Strategy in a research report on Friday, February 7th. They set an “outperform” rating and a $560.00 price objective for the company. One analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $508.09.

Insider Transactions at Strategy

In related news, CFO Andrew Kang bought 1,500 shares of the firm’s stock in a transaction on Thursday, March 20th. The stock was acquired at an average cost of $85.00 per share, for a total transaction of $127,500.00. Following the purchase, the chief financial officer now owns 1,500 shares in the company, valued at approximately $127,500. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Wei-Ming Shao sold 10,000 shares of the firm’s stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $315.00, for a total value of $3,150,000.00. Following the completion of the transaction, the executive vice president now owns 10,597 shares in the company, valued at approximately $3,338,055. This trade represents a 48.55 % decrease in their ownership of the stock. 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 32,998 shares worth $10,821,926. Company insiders own 9.16% of the company’s stock.

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.