Strategy Incorporated (NASDAQ:MSTR) Shares Bought by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. increased its position in Strategy Incorporated (NASDAQ:MSTR) by 40.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 231 shares of the software maker’s stock after purchasing an additional 67 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Strategy were worth $67,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Riverview Trust Co acquired a new stake in Strategy during the 4th quarter worth approximately $25,000. IAG Wealth Partners LLC acquired a new stake in Strategy in the fourth quarter valued at $25,000. Quadrant Capital Group LLC increased its holdings in Strategy by 855.6% during the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock valued at $25,000 after acquiring an additional 77 shares in the last quarter. Dunhill Financial LLC purchased a new position in shares of Strategy during the 4th quarter worth approximately $26,000. Finally, Parkside Financial Bank & Trust increased its position in Strategy by 422.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 94 shares of the software maker’s stock worth $27,000 after buying an additional 76 shares in the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

Strategy Stock Up 1.5%

Shares of NASDAQ:MSTR opened at $374.47 on Friday. The stock has a market capitalization of $102.38 billion, a price-to-earnings ratio of -66.48 and a beta of 3.73. Strategy Incorporated has a 1-year low of $102.40 and a 1-year high of $543.00. The company’s fifty day moving average is $355.18 and its two-hundred day moving average is $341.98. 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 (NASDAQ:MSTR) last posted its earnings results on Thursday, May 1st. The software maker reported ($16.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($16.47). The company had revenue of $111.07 million during the quarter, compared to the consensus estimate of $116.66 million. Strategy had a negative net margin of 251.73% and a negative return on equity of 19.01%. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.83) earnings per share.

Insider Buying and Selling

In other news, CAO Jeanine Montgomery sold 481 shares of the company’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $329.27, for a total value of $158,378.87. Following the completion of the sale, the chief accounting officer now owns 7,805 shares in the company, valued at $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 available through this link. Also, Director Carl J. Rickertsen sold 980 shares of the firm’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $379.07, for a total transaction of $371,488.60. The disclosure for this sale can be found here. In the last three months, insiders acquired 18,000 shares of company stock valued at $1,693,800 and sold 84,406 shares valued at $30,157,006. Corporate insiders own 8.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Barclays reissued a “hold” rating on shares of Strategy in a research report on Monday, May 19th. HC Wainwright initiated coverage on Strategy in a research note on Tuesday, April 29th. They issued a “buy” rating and a $480.00 price objective on the stock. Canaccord Genuity Group reaffirmed a “buy” rating on shares of Strategy in a research report on Monday, May 19th. UBS Group reaffirmed a “buy” rating on shares of Strategy in a research report on Friday, May 16th. Finally, BTIG Research restated a “buy” rating on shares of Strategy in a research note on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $514.42.

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.